Tag: property
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Australia’s Property Market Stability Improves
After several years of volatility driven by interest rate increases and economic uncertainty, Australia’s property market stability is emerging. The market is shifting toward a more stable and sustainable phase. While pandemic era price growth has eased, demand remains strong. This is particularly evident in major cities such as Sydney, Brisbane and Perth. Population growth,…
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Appointment of new CEO for Green Building Council of Australia
The Property Council has warmly welcomed the appointment of Davina Rooney as the new chief executive officer (CEO) of the Green Building Council of Australia (GBCA). “This is a terrific appointment and one that will allow the GBCA to continue to expand its impact as a champion for a sustainable built environment,” said Ken Morrison,…
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Australian housing prices continue to rise
Core Research has announced a 3.7% rise in Australia’s housing market prices since January. Sydney dominated the Australian property market, with the highest increase of 5.3%, with Melbourne close behind with a respectable 4.4% rise. Only Perth has recorded a decrease in housing prices, which fell 1.1%. Sydney has long held the title of Australia’s most unaffordable…
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Almost 150 properties up for auction in Gold Coast
In one of the biggest auction days in Australia’s history, nearly 150 properties went under the auctioneer’s hammer on Sunday. Ray White Real Estate Surfers Paradise hosted around two thousand people for the auction, of which over 330 were registered bidders. Of the 135 properties for sale, over half the properties were sold on the day, with 20…
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Sydney’s housing is second most expensive globally
Sydney has been ranked the second most expensive housing market in the world, according to a study by research company Demographia. The study ranked Hong Kong as the most unaffordable city in the world, followed closely by Australia’s biggest city. Demographia’s 2017 International Housing Affordability Survey comes at a time of great concern for the future of Australian…
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House prices surge through end of 2016
Last year finished with a sharp increase in house prices in capital cities around Australia. Although the growth in prices had been modest for November, December saw an 1.4% rise in residential property prices on average. Melbourne and Hobart led the gain, although prices Melbourne and Sydney surged the most throughout the year. In 2016,…
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Western Sydney Housing Prices On The Rise
Recent real estate reports have shown that housing prices in Western Sydney are rising sharply, in direct contrast to housing prices in Sydney’s CBD. Reports show that real estate prices in the CBD have fallen an average of 6.3% in the last 12 months. A local woman managed to snap up a four bedroom penthouse in Sydney’s…
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$201 million property in China jawdropping
Taohuayuan is mainland China’s most expensive property, sitting pretty inside the middle of Suzbou’s Dushu Lake. It’s currently listed for sale at a whopping $201 million (one billion Chinese Yuan). The property took three years to build and it’s no surprise why; as it boasts over 32 bedrooms and 32 bathrooms. The name Taohuayuan converts to ‘utopia’ or ‘peach blossom land’ in…