Past News

NEW SOUTH WALES Extreme growth persists in Sydney Even with the threat of tighter lending and higher mortgage costs, buyers in Sydney continue to storm the market and are pushing prices to heady new heights It was bound to happen that the median price of Sydney houses would hit the million-dollar mark. Experts have been Read the full article…

Sydney’s rental market remains tight after figures released last week showed the city’s vacancy rate fell below 2% during August. According to the Real Estate Institute of New South Wales’ (REINSW) August Vacancy Rate Survey, the city wide vacancy rate fell by 0.2% to 1.8% during the month. While the city wide vacancy rate dropped, Read the full article…

There seems to be no end to discussions surrounding the state of Australia’s property market, with a major investment bank claiming the nation’s housing cycle has peaked. Investment bank Morgan Stanley made the claim in an extensive investment note released earlier this week, with the note’s authors Daniel Blake, Antony Conte, Stephen Ye and Chris Read the full article…

Early results indicate any improvement to the national auction clearance rate over the week will be a small one after a bumper week of auctions across the country. According to CoreLogic RP Data, the preliminary national clearance rate sits a 71.3% from 2,820 auctions, which only sits slightly above the previous week’s final result of Read the full article…

The widening gap between dwelling prices in Australia’s capital cities highlights why regulators should reconsider broad-based policy responses to the country’s housing market. Figure released last week by the Australian Bureau of Statistics show that over the year to June 2015, residential property prices in Sydney and Melbourne grew by 18.9% and 7.8% respectively, while Read the full article…

NEW SOUTH WALES Hot market set to cool, but not yet As demand continues to heat up, forecasts of an impending price crash are once again dominating the headlines. But experts say this is highly unlikely given the strong market fundamentals After taking a breather in May, Sydney’s rampant price growth resumed in June. According Read the full article…

The latest Sydney residential vacancy rates point to a steady flow of tenants finding accommodation according to the Real Estate Institute of New South Wales (REINSW). According to the REINSW’s latest Vacancy Rate Survey, Sydney’s vacancy rate dropped by 0.2% to 1.9% in July. The drop means the vacancy rate is back to the level Read the full article…

While Australia’s national clearance rate remained relatively steady last week, early figures point to Melbourne’s worst week in months. Figures from CoreLogic RP Data put the preliminary combined capital city clearance rate at 74.1% for last week, which puts it close to the previous week’s result of 74.6%. The news wasn’t so good for Melbourne, Read the full article…

New research has reinforced that Sydney is still the golden child of the Australian real estate market. Figures released by onthehouse.com.au show that in the 12 months to 30 June 2015, Sydney’s median house price grew by 20.36%, more than double the level of growth seen in any other capital city over that period. That Read the full article…

New research has revealed that Melbourne can officially lay claim to being Australia’s auction capital. Research from CoreLogic RP Data has shown out of all of Australia’s capital cities, Melbourne had the highest proportion of residential listings taken to auction over the 2014/15 financial year with 39%. The Victorian capital came in just ahead of Read the full article…