Property prices are likely to keep roaring higher into further record territory next year, as the Australian economy’s stronger-than-expected recovery continues. Full Article Here.
Housing gridlock: New listings fall as property owners won’t sell if they can’t buy
It’s gridlock! Large swathes of the nation’s housing markets have ground almost to a standstill with the number of new listings being put up for sale slumping last month – mostly because vendors fear they, in turn, won’t be able to find anything to buy. Full Article Here.
Aussie property owners reap huge profits from COVID-induced housing boom
A staggering amount of Aussie property owners made a profit on reselling their homes in 2021 as historic low interest rates and COVID-19 delays flooded the market with buyers.New research from property data firm CoreLogic found between January and March 2021, 90.3 per cent of all sales made a profit....
Sydney house prices soar to record median of $1.3m after fastest quarterly rise in 28 years
Sydney house prices have soared to a record-breaking $1,309,195, rising more than $100,000 in the first three months of this year, new figures reveal, the fastest quarterly gain in almost 30 years. The median house price jumped 8.5 per cent in the first quarter of 2021, according to the latest Domain...
Westpac: Housing boom will see prices spike 15% in 2021
Big four lender Westpac has revised its property price forecasts, tipping values to rise 15% in 2021. The bank had previously predicted prices would rise 10% in 2021 and again in 2022 but changed its tune today. With the market booming, Westpac said much of this growth would be seen this year,...
Knockdown cottage in leafy St Ives sells at auction for $2.53 million
A bidding war erupted at the auction of an old home in St Ives on Thursday night, with a young family spending almost $1 million over the reserve to make a move from a city apartment into a house. It was the first time 3 Kitchener St had been offered for sale...