Property Market Update

4th November, 2024

‘Pushed back’: What interest rate cut cycle could really look like in 2025

“Homeowners desperate for some relief will learn tomorrow whether interest rates will be slashed. This is what the banks are saying”.

17th June, 2024

Shock property tax rise hits landlords, holiday homes

“Landlords, holiday homes and businesses in NSW will be hit by a $1.5 billion increase in land taxes, which the real estate industry warns could cost owners thousands of dollars a year and be passed on to renters”.

27th January, 2024

Surge in overseas buyers in parts of Sydney

“A number of Sydney suburbs have captured the attention of overseas buyers — but they’re not from where you might think”.

6th September, 2023

A new way to avoid being the Bank of Mum and Dad? Sounds great in theory.

“The new Help to Buy scheme will start next year and allow a home purchase with a low 2 per cent deposit. Under a shared equity model, the government co-purchases a 30 per cent to 40 per cent stake in the home, and the buyer takes out a loan for the rest”.

16th May, 2023

Sydney, Melbourne housing markets have bottomed.

“The housing price downturn is over for Sydney and Melbourne, according to the key property data analysts, who have called the bottom of the market, saying the record return of migrants would bolster prices”.

21st March, 2023

‘Coin Toss': Reserve Bank puts interest rate pause on its April agenda.

“Amid new forecasts suggesting the nation will slump into a per capita recession next year, RBA minutes showed board members weighing up conflicting signals about the economy’s strength”.

4th October, 2022

House prices keep falling as borrowers brace for next rate hike.

“After rising more than 25 per cent over the recent boom cycle, housing values across combined capitals are now 5.5 per cent below the recent peak, according to new data from property firm CoreLogic.”

5th May, 2022

Reserve Bank opts for standard 25-basis-point interest rate hike as first in likely string of rises.

“The Reserve Bank has increased interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent…”

7th March, 2022

House prices to fall in Sydney, Commonwealth Bank predicts.

“House prices have risen sharply in the past 12 months, but it could be the beginning of the end” for Australia’s property boom.……”

1st November, 2021

From a 'class divide' to 'intergenerational theft', Australia's real estate frenzy leaves many behind.

“An un-renovated semi-detached home in Bondi sold recently for more than $2.7 million. It had last traded back in the early 1950s, in the pre-decimal currency era, for about a thousand pounds…”

8th September, 2021

Sydney’s median auction house price has soared to a record $1.92 million, up an astounding 32.3 per cent over the year and 11.8 per cent in just one month.

“Median auction price for a Sydney house hits record $1.92 million in August…”

15th February, 2021

An influx of former Sydney residents combined with a lack of housing stock is propelling regional New South Wales property prices to record highs, while pushing locals out of the market.

“Sydney exodus drives regional property prices up …”

8th February, 2021

Sydney’s auction market has had it’s biggest result in 24 years, as the preliminary clearance rate reached 88.7 per cent at the weekend.

“Sydney’s Auction Clearance Rate Hits 24 Year High…”

16th October, 2020

Are Sydneysiders packing up and moving out to the country?

‘Aussies ramp up search for new neighbourhoods…’

7th May, 2020

NSW to lift bans on open homes and on-site auctions in move expected to boost market

Link to REA website below.

’NSW to lift bans on open homes…’

9th April, 2020

With the current federal government restrictions on open homes and public auctions together with the forced closure of business for many industries, there is an obvious pull back in buyer activity in the eastern suburbs real estate market. Whilst many commentators express much doom and gloom in the foreseeable future, we recover every time.

‘We recover every time…’