Tag: sydney
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Is rent control a solution to the housing crisis?
In the ongoing housing affordability crisis, government and non-government parties alike are searching for ways to ease the pressure on tenants. One of the potential solutions is rent control, which would allow for capped rental prices dependent on income. Rent control dictates that a tenant pay 30% of your income on your housing. City West Housing are…
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Housing prices surge in Sydney and Melbourne
Housing prices have surged again, hitting their highest point since the early 2000’s. This represents the quickest annual growth seen on the housing market in over a decade. Unfortunately for first time owners, investment property buyers are buying properties in the countries’ two most populous cities, Sydney and Melbourne. This is due to the Reserve Bank cutting interest…
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Tweeting will get you flight updates at Sydney Airport
It’s the travel update for the social media generation; a travel assist service that allows you to get up-to-date flight information by tweeting your flight number. Travellers can get real-time information in 41 languages from Sydney Airport by tweeting questions. This highly accessible service will allow travellers to plan their trips easily before even reaching the…
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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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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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Let’s say goodbye to the Opal card incentives
The NSW government has farewelled the eighth trip free for customers using an Opal card. This change was debated a lot with customers and now the state government have finally bid farewell to it. From 5 September 2016, eight or more opal journeys will be given half price every time they tap on and off…
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Solar panels on the road?
Scott and Julie Brusaw, creator of the Solar Roadways idea has already been funded to test their product on Route 66, on of the original highways in America. According to the Missouri New Tribune, the invention is hoping to generate the welcome center at Conway. Solar Roadways first started in 2010 and argued their plan could…
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Wild weather set to make a comeback
NSW is in for some wild weather conditions again this weekend with a powerful storm and heavy rain. The south coast will bear the brunt of the most severe weather but Sydney won’t be spared. A low-pressure system, formed off the NSW east coast between Wollongong and Port Macquarie, could cause more damage due to forceful winds…
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Opal benefits are over
The NSW government has confirmed that the Opal card benefit of free travel after eight trips a week is about to become defunct. The widely commended benefit has been discarded after the Independent Pricing and Regulatory Tribunal recommended that the loophole be closed. The Tribunal found that the government was losing $300 million in transport…