Sydney’s house prices are now double that of units, growing four times faster during the past year, new analysis shows. The record price gap follows a surge in Sydney house prices, which rose 33.1 per cent last year, adding nearly $1100 each day, or $400,000 in 12 months, according to Domain’s quarterly House Price Report. …
Record Price Gap Between Sydney Homes and Apartments Read More »
The number of foreign buyers snapping up Australian property has taken a significant hit, new figures show, but those that are buying here are much more likely to stay for the long term. New Foreign Investment and Review Board figures reveal overseas spending on Australian homes dropped from $8.5 billion in the 2017-2018 financial year …
Property sales to foreigners down as new type of buyer emerges Read More »
Interest rates could be hiked up from as early as June this year, the head economist at Australia’s largest bank has forecast.Head of Australian Economics at the Commonwealth Bank Gareth Aird yesterday revised his prediction for when the Reserve Bank of Australia (RBA) will lift rates from their current historic low level of 0.1 per cent.Following larger …
Early interest rate hike looms large after shock inflation data Read More »
Surging petrol prices, grocery bills and housing costs have economists warning inflation is rising faster than expected and putting pressure on the Reserve Bank to lift interest rates as soon as August. Economists are widely expecting a significant jump in inflation for the final three months of 2021, with the Australian Bureau of Statistics set …
Economists tip August interest rate hike as the cost of living rises Read More »
Paying off your mortgage is getting more expensive, with Westpac becoming the latest of 17 banks to hike their fixed rates this year. Westpac, including subsidiaries St George, Bank of Melbourne and BankSA, raised interest rates for owner-occupiers and investors by up to 0.2 percentage points on Friday. The changes will add hundreds of dollars …
Home owners hit with rate hikes as bank funding costs rise Read More »
The COVID-induced desire for beachside living and lifestyle properties has driven the top-performing suburbs during Australia’s 2021 housing market boom. Demand for more space and a regional exodus from cities amid a shift to remote working are also evident in PropTrack’s preparation of a property report card, showing the most in-demand suburbs and those leading …
Coastal and lifestyle suburbs earn top marks in 2021 property report card Read More »
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Australia’s white-hot housing market has seen massive value gains during the past 12 months as record low interest rates and an acute shortage of homes for sale fuelled a sales frenzy. Thanks to the federal government’s HomeBuilder scheme, a huge volume of homes are currently under construction across Australia as buyers continue to opt for …
Property Industry Weighs In On the 2022 Residential Market Read More »
The property market in south east Queensland is booming, with house values reaching record highs. Property prices experienced a 2.9 per cent hike in December alone, as Sunshine State real estate increases in popularity. Real estate agent Trace Olsen from Ray White Chermside said more people were relocating to Queensland from southern states. “They are just going crazy, …
Queensland property market reaches record highs, huge value hikes Read More »
