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NSW Surcharge Purchaser Duty: Exemptions For Foreign Buyers From Selected Nations

personOtto Dargan access_timeMay 19, 2023

Foreign buyers who purchase residential-related property in NSW are subject to a surcharge purchaser duty of 8% in addition to any transfer duty; however, this policy no longer applies to foreign individuals from New Zealand, Finland, Germany, South Africa, Norway, Switzerland,...

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Australian Property Market: NHFIC’s 2022-23 Report Insights

personOtto Dargan access_timeApril 4, 2023

Every year, the National Housing Finance and Investment Corporation conducts comprehensive research into housing demand, supply and affordability in Australia. The NHFIC’s State of the Nation’s Housing Report 2022-23 was published on 3 April 2023. The Current State Of...

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What Caused The Rise In Australian Housing Values After 10 Months Of Decline?

personOtto Dargan access_timeApril 4, 2023

After 10 months of decline, CoreLogic’s Home Value Index posted a month-on-month rise of 0.6% in March 2023. Values rose in the four largest capital cities, led by a 1.4% increase in Sydney. CoreLogic research director Tim Lawless noted that the rise was due to a mix...

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Is Australia’s Housing Market Stabilising?

personOtto Dargan access_timeMarch 3, 2023

CoreLogic’s Home Value Index fell 0.14% in February 2023. This is the smallest monthly drop we’ve experienced since the cash rate started going up in May last year. Sydney’s dwelling values rose 0.3%; however, other capital cities’ did go down. Hobart’s...

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Housing Values Take A Smaller Hit

personOtto Dargan access_timeFebruary 1, 2023

CoreLogic’s Home Value Index fell 1% in January 2023. This was the smallest month-on-month decline since June 2022. The reduction in the rate of decline was evident in most capital cities, except for Adelaide (-0.8%) and Perth (-0.3%), where housing values have been more steady...

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Housing Values 5.3% Lower In 2022

personOtto Dargan access_timeJanuary 10, 2023

CoreLogic’s Home Value Index fell 1.1% in December 2022, which took values 5.3% lower over the 2022 calendar year. That result for the 12 months to December marked the largest calendar year decline since 2008, when values were down 6.4% during the Global Financial...

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Housing Values Experience Smallest Decline Since June 2022

personOtto Dargan access_timeDecember 2, 2022

CoreLogic’s Home Value Index recorded a seventh straight month of decline in November 2022, falling 1%. Although values have continued to fall, the rate of decline has been moderating since it dropped by 1.6% in August. Despite the decline, housing values surged 28.6% higher...

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Geographic Scope Of Australia’s Housing Value Decline Broadens

personOtto Dargan access_timeNovember 2, 2022

CoreLogic’s Home Value Index recorded a sixth straight month of decline in October, falling 1.2%. All eight capital cities and most rest-of-state regions (excluding regional south Australia) recorded a drop. The month-on-month decline ranged from a 2.0% fall in Brisbane...

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Housing Value Decline Eases In September

personOtto Dargan access_timeOctober 4, 2022

CoreLogic’s Home Value Index recorded a fifth straight month of decline in September 2022, falling 1.4%. While housing values trended lower, the rate of decline did ease from August 2022’s 1.6% fall. Adelaide and Perth experienced a mild reduction in their values...

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Australian House Prices Experience Biggest Monthly Fall Since 1983

personOtto Dargan access_timeSeptember 2, 2022

CoreLogic’s Home Value Index recorded a fourth straight monthly decline in August 2022, falling 1.6%. This is the largest month-on-month decline since 1983. Every capital city except for Darwin experienced a housing downturn. Sydney led the downswing, its values fell...

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