Sydney

Australian Housing Market Is Worth $8.1 Trillion, Property Buyers Priced Out

personOtto Dargan access_timeMay 10, 2021

With the surge in housing values, Australia’s residential real estate is now worth more than $8 trillion, which is four times the size of the country’s GDP. According to CoreLogic, this is the first time the values surpassed $8.1 trillion. This record-high figure...

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Investors Flooding Back, But Home Buyers Still Dominant In The Property Market

personOtto Dargan access_timeMay 3, 2021

According to data published by the Australian Prudential Regulation Authority (APRA), the resident loans and finance leases increased by $17.5 billion, or 0.6% in March 2021. There was an increase in owner-occupier loans, where lending increased by 0.7% or $8.3 billion in March...

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Build To Rent Project In Sydney Gets Greenlight

personOtto Dargan access_timeApril 23, 2021

A 39-storey residential tower located at the southern entrance of Sydney Metro Pitt Street Station is the first build-to-rent project in the Sydney Central Business District (CBD). The tower has 234 apartments with amenities like gyms, pools, and an entire floor dedicated to...

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Sydney’s Property Values Skyrocket

personOtto Dargan access_timeMarch 15, 2021

According to CoreLogic, Sydney’s property values have recovered beyond their peak in 2017. According to Tim Lawless, CoreLogic’s Executive Research Director, “Since housing values found a floor in October last year, Sydney home values have risen 5.7% to reach...

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Australian Property Market Update 2020: All Eyes On Sydney & Melbourne

personOtto Dargan access_timeJanuary 7, 2020

Sydney dwelling values rose by 6.2% during the fourth quarter of 2019, followed closely by Melbourne dwelling values, which increased by 6.1% — a very good sign for the Australian property market. Housing markets in both Sydney and Melbourne gained momentum in the Australian...

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7 Infrastructure Projects In Sydney To Push House Prices Up

personOtto Dargan access_timeJanuary 7, 2020

The last quarter of 2019 (Oct-Dec) saw an impressive 6.2% growth in Sydney house prices – the best performing capital city. However, compared to the 2017 peak, house prices are still down 6.4% in Sydney – this is about to change. Mortgage interest rates are at the...

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Property Market Update – Sydney Growth Largest Since 1988

personOtto Dargan access_timeDecember 13, 2019

According to CoreLogic’s national Home Value Index, Sydney dwelling values saw the largest increase in a month since 1988, growing by 2.7% in the month ending November. This is the most significant single increase over a month in Sydney prices since 1988. In addition, Melbourne...

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Sydney And Melbourne House Prices To Soar Again By 12%

personOtto Dargan access_timeNovember 1, 2019

Sydney and Melbourne house prices are expected to grow by more than 12% by the middle of next year, according to ANZ economists. While most property reports and predictions are forecasting modest growth, ANZ is predicting a sharp rebound following the Reserve Bank’s forecasts...

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