Tag: real estate
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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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Sydney faces its biggest auction day of the year
Tomorrow morning, Sydney will face its biggest auction day of the year with over 1,000 houses going under the hammer. This year’s real estate selling season has brought on some of the lowest stock levels in the last 20 years, however, the so called ‘drought’ is now said to be lifting. There are reportedly over…
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Falling apartment prices are worrisome for the economy
Recent reports citing the drop in apartment prices are worrying economists who believe that the possibility of over-development and supply is causing the lack of confidence in the real estate market. Recent reports show that apartment prices in Australia’s CBDs have fallen by an average of 6.3% in the last 12 months. The Melbourne CBD and Sydney CBD…