Every Australian capital city has its ups and downs when it comes to property investment. But before you launch into investing in Sydney it’s worth doing your research and seeking expert advice. That’s why we’ve developed these articles, for a more local perspective on what you’ve read about investment so far.
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The Sydney housing market has completed a remarkable turnaround in 2019 recording record boomtime results over December. Weekend auction clearance rates have soared over the year with December’s 77.8% result a record Sydney high for that month and well ahead of the December 2018 rate of just 43.1% – conversely a record monthly low result….
Sydney’s property market has been the central focus of the real estate industry in lately… Particularly as Australia’s largest property market is on the move again. Sydney has recorded its quickest turnaround in decades, with house prices making up much of their lost ground. At the current rate of growth we are likely to see Sydney…
Throughout the second quarter of 2019, the total value of resales for a profit in Sydney was $4.404 billion and the total value of resales at a loss was $178.7 million. Based on this data, Sydney accounted for 24.6% of all resales at a profit nationally over the quarter and 27.0% of the total value…
Cast your mind back to the early 1990s — Australia was in the midst of the recession that we had to have, Paul Keating (who coined the phrase) was the Prime Minister, grunge ruled the music industry and there was no Internet. Australia’s population was 18.2 million, growing by around 1.1% on average in the first…
The rivalry between Melbourne and Sydney has a long history. Everything from the weather to the football is keenly debated. But one thing remains a fact – Sydney is Australia’s largest city, with a 2018 population of 5.23 million. But has it always been this way, and what of the future? Read on the find…
Sydney property markets have been in the slump phase of the property cycle since the middle of 2017. But our markets have been very fragmented with some suburbs falling in value considerably more than others. Despite further price deterioration to house and unit prices over the last quarter, the rate of decline has eased from…
If I had a dollar for every time I was told that older people are downsizing in droves and leaving the suburbs for the inner city, I’d be a much richer person. This perception has persisted despite the evidence to the contrary. Every so often an article will appear in a newspaper that perpetuates the myth….
Despite all the negative news in the press, there are many reasons not to worry about the future of Sydney’s real estate markets. So today I’d like to share 5 things that you really should know about Sydney property. Recently Dr. Andrew Wilson, Australia’s leading independent property economist, took the time to speak to many…
Alarm bells are ringing for those who bought an off the plan apartment a few years ago. Investment bank UBS warned that three in 10 new apartments sold off the plan in Sydney are now settling with a lower valuation than the original contract sale price. And it’s much the same in Melbourne. This comes…
Why is it that some suburbs are suffering more in the current property downturn than others? While there are many factors causing the current slowdown, a large part of it is related to property investors leaving the Sydney property market. Now it’s not because they’ve lost their appetite for Sydney property, they haven’t. It’s because…
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