The big sign buyer demand is recovering
There was widespread fear of a coming “cliff” for the property market but it has instead been recovering due to a trend most economists didn’t anticipate.
There was widespread fear of a coming “cliff” for the property market but it has instead been recovering due to a trend most economists didn’t anticipate.
It was once modest accommodation for nuns, but an ambitious project has turned a 144-year-old gothic building into a mansion with an internal lift, 600-bottle wine cellar and plenty more.
It may have been a sporting event but the 2000 Olympics also kickstarted a revolution in the housing market, along with some major changes in the Olympic Park region.
An unusual property in Sydney’s northwest has been turning heads due to its hot pink shell and interior dripping with one-of-a-kind Versace styling and ornaments.
COVID-19 has turned the housing market on its head as homebuyers seek properties in locations they once dismissed, while interest in previously popular areas wanes.
Multiple suburbs have more than 1500 apartments still in the pipeline over the next two years despite falling demand for units – a situation that has put buyers in a dangerous position.
Rents are still dropping and Sydney continues to have the highest number of rental vacancies in the country, but there are signs the rental market could be stabilising.
Residents in one capital have been declared the country’s biggest neat freaks, devoting by far the most time to household cleaning, according to a study that also revealed the messiest homes.
Being stuck at home during the pandemic has encouraged families to seek out their dream houses in areas much further from the CBD in what’s becoming a shake up for the housing market.
It’s been an unusual winter for auctions in Sydney with multiple homes selling well above $5m and auction clearance rates rising over recent weeks. SEE WHAT THE BIGGEST SALES WERE.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/116