In May, the CBA released its bearish ‘worst case’ forecast for the property market. It predicted a 32% drop in prices! At the time I thought that was rubbish and prices would not fall by more than 10%. To date, according to various data sources, property values have not slipped by much more than 2% […]
Read MoreLot’s of property news and data over the last week. The biggest stories concerned the Stage 4 Lockdown in Melbourne and how this would affect our property markets and the economy. Australian housing values racked up a third consecutive month of slight declines in July, with CoreLogic’s home value index dropping 0.6% over the month, […]
Read MoreLot’s of property news and data over the last week. New home listings have blown out in Sydney as sellers are feeling more confident. Dr Andrew Wilson has been reporting this for a few weeks and now Domain data shows that the level of new listings of properties for sale rose 46 per cent over […]
Read MoreAustralia’s housing markets rebound continued over the last month, led by strong price growth in our two biggest cities, Melbourne and Sydney. Since bottoming out in June earlier this year, the national dwelling value index has recovered strongly. Home buyers are back, sellers are putting their properties up for sale, first home buyers are getting […]
Read MoreHere’s whats happening in the Sydney property market according to Corelogic’s report: The report provides a detailed analysis at different levels of Australia’s property market by dividing the market into ten equal groups (or deciles) based on tiers of property value. By analysing changes in dwelling values across each decile, the report identifies which parts […]
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In 2016, Melbourne and Brisbane CBDs saw new records set for the number of apartments under construction. Melbourne CBD has 18,000 apartments currently under construction, which is more than 10 times the average annual rate. Sydney CBD also saw a large number of projects start construction, however numbers are still lower than both Melbourne and […]
Read MoreThe Sydney market finished the month as the most expensive capital city with a median dwelling price $800,000. The Sydney property market continued as the stand out based on annual capital gains, recording the largest year-on-year increase; dwelling values are now 10.6% higher over the past 12 months. This also points to higher demand for […]
Read MoreOnce you have bought your home, there are ways that you can minimise the interest you pay over the life of the loan.This can include making additional lump payments or repaying the loan fortnightly instead of monthly.One of the most popular ways, however, is to establish a mortgage offset account, which will reduce the interest […]
Read MoreInterest rates set to drop! What does this mean for the Real Estate Market? Most economists believe the Reserve Bank will cut the cash rate again on the first Tuesday of March, but that it is likely to be a tough call. Last month the Reserve Bank cut the key rate to an historic low […]
Read MoreSydney will soon be home to new world-class convention, exhibition and entertainment facilities that combines innovative technology, the overwhelming natural beauty of Sydney Harbour and the vibrant Sydney community. The development will ensure that Australia’s global city remains the first choice in Asia Pacific for international and domestic business events, conferences and exhibitions, generating significant […]
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