Living in Sydney is getting cheaper
Climbing Sydney’s once elusive property ladder has been getting easier, with new bank research showing rents, prices and rates are all dropping and the time required to save deposits is shortening.
Climbing Sydney’s once elusive property ladder has been getting easier, with new bank research showing rents, prices and rates are all dropping and the time required to save deposits is shortening.
The Reserve Bank of Australia’s announcement of a historic rate cut will have deep ramifications for property buyers and sellers, but not the kind many might expect, housing experts said.
A rundown house on the lower north shore attracted a crowd of nearly 150 people when it went to auction and the big turnout helped push the price more than $400,000 above expectations.
Sydney’s home auction market has sprang back to life, with some homes selling for up to $550,000 above their reserve prices after attracting fierce bidding from crowds of buyers.
A string of buildings once housing licensed brothels have come up for sale, revealing what lies behind the blackened windows and red lights and why so many are struggling to make money.
Sydney’s property market has been riding a wave of renewed confidence, but there are two types of buyers who will take home the biggest wins from the rebound in activity.
US President Donald Trump’s ongoing trade war with China could have unintended consequences for the Australian property market that could increase demand for housing.
They’re covered in soot and are often nothing more than a shell of blackened timbers but burnt down houses are becoming something of an obsession with certain types of home seekers.
Home seekers may have only a limited window of opportunity to get a rock bottom price, with the market already getting a spring in its step after auction clearance rates hit a year high.
Buyers were out in force over the first auction weekend since the election, with multiple homes selling for well over reserve, including one that sold for $475k above what the sellers paid in 2015.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/153