‘We got an amazing deal’
Homeowners have been capitalising on recent falls in property prices to finally upgrade to their dream home and many are now getting properties they never imagined they could afford.
Homeowners have been capitalising on recent falls in property prices to finally upgrade to their dream home and many are now getting properties they never imagined they could afford.
Warning: don’t bid against these guys. One group of cashed up buyers is expected to dominate real estate sales this year and be the overwhelming beneficiary of recent shifts in the market.
Five Aussie cities have been ranked among the world’s 20 priciest cities for housing prices, with many of the country’s regional towns also deemed more unaffordable than New York.
Falling prices have made homes across much of Sydney affordable again for middle-income families, after prices dipped below the middle-income mortgage-stress threshold.
Housing experts say they’re puzzled how land values used by government to determine tax charges increased the past year, despite housing prices dropping off a cliff.
Property values in the Sydney regions hardest hit by the downturn have been dropping every hour at the price of an Aussie breakfast that was at the centre of the housing affordability debate.
Sydney’s home auction market has limped into 2019, with most sellers not expected to put their homes up for bidding until later this year when one key event removes uncertainty from sales.
A flood of rental listings has turned Sydney into a tenant’s market, but renters on the hunt for a new home will have more bargaining power in one particular band of suburbs, new data shows.
Recent forced evacuations of a tower of 392 apartments in the Olympic Park area due to major cracks have followed a long line of other residential building disasters across Sydney.
Sydney tenants have twice as many properties to choose from than renters in Melbourne after a sudden spike in listings over the December period, new research shows.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/162