Melbourne or Sydney – who will win the race to be Australia’s number 1 capital city? As long as I remember there’s been rivalry between our two super star cities which, interesting, are each bigger than every city in the USA other than New York. Currently the population of Sydney is around 5,030,000 and that of…
This week marks 12 months since the combined capital city auction market last recorded a clearance rate above 70 per cent, with selling conditions progressively weakening over the year as property values fall resulting in fewer homes selling at auction. There were 2,287 homes taken to market this week across the capital cities, returning a…
With high property prices making it harder to enter the property market more Australians are approaching their parents for a financial hand. More than 55% of first time home buyers require financial assistance from their parents, with the average cash contribution being around $89,000. According to a report in the Australian Financial Review lending by…