While development is undoubtedly taking place in Sydney, you interestingly won’t find much of it in the actual CBD. In our top ten list (seen below) there is only one inner-city suburb included. The majority of dwellings scheduled for the development pipeline can be located in outer suburbs, some quite a significant distance from the city. It’s
Alarm bells are ringing for those who bought an off the plan apartment a few years ago. Investment bank UBS warned that three in 10 new apartments sold off the plan in Sydney are now settling with a lower valuation than the original contract sale price. And it’s much the same in Melbourne. This comes
Are property auctions a thing of the past? With auction clearance rates around Australia at a low point, I know some commentators are suggesting it’s not worth taking your property to auction any more I don’t agree. On the weekend we purchased a great villa unit at auction for a client – a true investment grade property which was
Sydney is leading the national downturn, with dwelling values 6.1% lower over the past twelve months. Core Logic has released their newest housing market update for October 2018. You can also check out the local reports for Brisbane and Melbourne. Housing values have been falling consistently since July last year, with larger declines evident for
All the single ladies in Sydney, put your hands up! It’s time to celebrate – because while Australia is suffering from a man drought, there is a large proportion of the Sydney population that still contains young, single men. And whether you’re looking to move to Sydney to find love, or just trying to find
With Sydney’s property boom behind us and the market demonstrating a much slower rate of growth, buyers are understandably unsure about where to buy next in the Harbour City. Whether you’re searching for your own home or sizing up a potential investment, when it comes time to purchase, there are so many aspects to consider.
Sydney dwelling values have been falling since July last year and are now down a cumulative 5.6%. Core Logic has released their newest housing market update for September 2018. You can also check out the local reports for Brisbane and Melbourne. Despite the fall, the vast majority of home owners remain in a strong equity position, considering residental property
As at June 2018, Sydney was the nation’s least affordable housing market across each of the three purchasing metrics and rental affordability was only marginally lower than the most unaffordable market, Hobart. With recent declines in prices there has been a slight improvement on the price based metrics over the past quarter. Over the past