Tag: property market
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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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The high cost of living in Sydney
We know Sydney is one of the most expensive places to live in the world; and prices continue to escalate through the roof with demand at an all time high. There just simply aren’t enough properties to meet demand, and the apartments that do arrive the market are quickly snapped up by overseas investors. Sydney is the second fastest…