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Unit prices rising faster than houses in 60pc of all suburbs

Unit prices rising faster than houses in 60pc of all suburbs

3/8/2024

Apartment values are rising faster than those of houses in about six out of 10 suburbs nationwide as the price gap between the two categories blows out to a record 48.2 per cent, CoreLogic data shows. A sharp decline in borrowing capacity, coupled with the recent house price gains, has consolidated the demand for units, lifting investor and first home buyer activity, said CoreLogic’s head of research. READ FULL STORY BELOW. Credit - https://www.afr.com/property/residential/unit-prices-rising-faster-than-houses-in-60pc-of-all-suburbs-20240801-p5jyax

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House prices are not a bubble, says Chris Richardson

House prices are not a bubble, says Chris Richardson

11/10/2021

Rocketing house prices and credit growth are not in a bubble but are the natural result of historically low interest rates which are not going to change any time soon, says veteran economist Chris Richardson.

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Why the pandemic won’t stop the growing tide of downsizing across Australia

Why the pandemic won’t stop the growing tide of downsizing across Australia

31/8/2021

Every time Sydney art dealer Denis Savill visited his doctor, he was told he should be checking in for a knee replacement. But last time he called by, he told his medicine had good news: he no longer needed the op. “What do you mean?” asked his doctor, puzzled. “Well, I’m downsizing,” Savill replied. “And into a building with a lift.”

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Sydney property market forecast to grow strongly in 2021-2022

Sydney property market forecast to grow strongly in 2021-2022

30/8/2021

Are you wondering what will happen to the Sydney property market over the balance of 2021 and into next year? Well based on how the market has been performing so far it’s likely that will see high double-digit Sydney house price growth in 2021, with most segments exhibiting strong price appreciation other than the inner city and high-rise apartment market. And despite Sydney’s lockdowns, buyers and sellers are still transacting and Sydney property values: rose 0.5% in the last week and auction clearance rates were at boom-time levels over the weekend increased 2.0% over the month of July, and increased 18.2% over the last year. And there is still plenty of growth left, as Sydney property values only recently exceeded their previous 2017 peak levels. What a turnaround from all the pessimistic forecasts all the banks made in the middle of last year. <a href="https://propertyupdate.com.au/property-investment-sydney/#sois-it-the-right-time-to-get-into-the-sydney-property-market">Read More Here</a>

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