House prices in Sydney: city region where prices have fallen by 12 percent in a year

Property prices have fallen as much as 12 percent in some regions of Sydney over the past year, while continuing to rise in cheaper western suburbs. PropTrack’s latest Home Price Index released Saturday showed Sydney house prices fell more slowly in the spring, with declines in other capitals overshadowing those in the Harbor City. Real … Read more

RBA, Real Estate: Within $3.8 Trillion Prediction Error in the Real Estate Market

Inflation is soaring, interest rates are rising and rumors of a recession in Australia and around the world are peaking. The real estate market has softened after the highs of 2021 and is expected to decline further in the coming months. Fear and uncertainty is great. But with the massive forecasting errors made by banks … Read more

Real Estate REA PropTrack Report Provides August Real Estate Information Ahead of Spring Sales Season

Future Australian home buyers are likely to have more properties to choose from as the market blooms earlier than the usual spring peak. The number of new listings on rose 9.9 percent in August from July, according to a report prepared for the real estate website. Real estate appraiser PropTrack’s report, released on Thursday, … Read more

Sydney homeowner to cut $250k to sell Paddington home

A Sydney homeowner was forced to cut as much as $250,000 off their asking price after their property failed to sell at auction. The 2.5 bed terraced house on a 116 sq ft block in the upscale inner-city suburb of Paddington had already been renovated but still had the potential to add more value by … Read more

Sydney’s Best-Performing Working Class Suburbs

A report from a leading Sydney mortgage broker has revealed the top five performing suburbs in Sydney’s lowest price range. The Shore Financial State of Sydney report looks at data from more than 600 Sydney suburbs to rank the suburbs with the highest annual growth in five price-based quintiles it defines as: Working Class Sydney, … Read more

Harry Triguboff: Billionaire Developer’s Big Complaint To Sydney

One of Australia’s richest men has blown up Sydney – with developers saying the city is “closed for business” due to a red tape blockade causing major headaches for housing developers. Australia’s top real estate developers and industry insiders have argued that the City Council’s approval could be firmly rooted, and they have predicted a … Read more

House prices on Qld’s Granite Belt record 0.5 percent increase, against national trend

Queensland’s Granite Belt region has gone against the grain and is one of the few areas in Australia where house prices have risen. Most important points: House prices on the Granite Belt rose slightly in August The median price for a home in the region is $386,833 There are predictions that the national housing market … Read more

Oscar Done’s 24 ‘pretty old ladies’ in Randwick for sale with a price guide of $18 million – $19 million

It was March 2020 and real estate experts were painting doomsday scenarios about real estate prices. At the time, Oscar Done paid $11.5 million for 24 unlivable flats. The legendary artist’s son, Ken Done, admits it was a “nervous period.” “It was just days before the first shutdown and like the rest of the world, … Read more

Top 10 Most Affordable Yet Desirable Suburbs of NSW Close to the City

New research has revealed the top 10 most affordable yet desirable suburbs near the Sydney and Canberra CBDs. The report commissioned by the home loan provider Well Money shows that buyers can buy an apartment for less than $750,000 in eight places in Sydney where the socioeconomic score is well above average. Buyers can also … Read more

State of the property market: Melbourne housing outlook for spring 2022

It’s no secret that spring heralds the start of the busiest time of the year for real estate. But what will spring 2022 look like, now that market conditions have changed significantly over the past six months? The Spring Market Report 2022 is a suburb-by-suburb dive exploring the opportunities for buyers and sellers this season … Read more