Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
According to RP data, here are the top 20 suburbs in capital cities with greatest property price growth. Suburb State, Region, House, Number Sold, Median Price, Average Annual Growth (last 10 yrs) Oakdowns TAS Greater Hobart Unit 22 $275,000 34.6% Herne Hill WA Perth House 10 $595,000 34.4% Blairmount NSW Sydney House 10 $327,750 33.3% …
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Yes or no there is no correct or incorrect answer. But I would hold there for a few more months. Personally, I think it is not a buyer’s market. Let’s use Melbourne as an example. The overall auction clearance rate was 87 per cent, compared to 75 per cent this weekend last year and just 66 …
Wonder if you should buy a house property in Sydney or Melbourne in 2010? The chart below clearly shows that you should buy in Sydney because the median house price Sydney is till much lower than the prediction while the median house price Melbourne is already in line with the prediction. In addition, the 2020 median house price …
Melbourne property prices are booming. Melbourne’s property market is showing no sign of slowing, after a record breaking week of property sales. More than $1 billion worth of real estate was sold last week and the clearance rate from auctions at the weekend was 86 per cent. According to the Real Estate Institute of Victoria says …
Australia housing prices increased 1.8 per cent in January, according to RP Data, taking them 11.8 per cent higher in 12 months. “What makes me angry is that my father was able to buy a three bedroom house in Williamstown and support a family (my mother didn’t work) on the average income of a school teacher,” said …
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Why Australian house prices rise? There seems many factors – demand and supply, immigrant, inflation,etc. However, I say there is only one factor – fear! Becasue you fear that the house prices will rise further, so you want to secure one as soon as possible. Other people have the same fear so you have to pay more …
Great Australian Dream? I don’t think so! The additional demand from abroad is contributing to rising property prices – with average median prices surging more than 10 per cent in capital cities last year – and fuelling the disappointment of would-be local buyers who are being out-bid. ”We have lost three properties (that we know …
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One of the most outspoken sceptics of Australian property prices lost a bet that home prices would fall 40 percent from peak to trough in 2009. While the truth is that last year, capital city house prices rose by 12.1 per cent, hitting a new high, as demand from first-home buyers sparked a revival at …
Continue reading “House price crash? I was hopelessly wrong on house prices!”
The medium-to-long-term outlook for property prices remains strong as the population grows, incomes rise and demand for houses outstrips new supply, says an Australian Property Monitors’ report. Despite a sluggish start, 2009 ended with the biggest price growth since 2003 on a rise in activity at the top end of the market, the APM 2009 …
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