Home prices rise at fastest pace since 1988
Home prices have exploded over the past month with a pace of growth not seen in three decades, prompting housing experts to warn “it’s hard to know how this is going to end”.
Home prices have exploded over the past month with a pace of growth not seen in three decades, prompting housing experts to warn “it’s hard to know how this is going to end”.
An area in Sydney’s west has become the most popular suburb for those looking to buy a house, with current listings including a designer home with a huge aquarium built into the living room.
A Salvation Army hall converted into a Zen-like house has become the latest in a string of properties that passed in at auction last year to resell for a record price.
Sydney house prices may be expensive now but they will be very different by the end of the decade if they continue rising at the same pace as the last 30 years, modelling shows.
Multiple Sydney houses have changed hands for $1m over inflated reserves on what was a “super Saturday” and one of biggest days of auction activity ever recorded.
An old fibro home has changed hands at auction for a price that left a crowd of about 150 onlookers clapping with applause but the new owner claims he doesn’t even want the house.
Analysis of three decades of housing data has revealed just how much prices grew from 1990-2020 and how the market created unprecedented family wealth – especially for the rich.
Australia’s richest people in 2021 have been revealed – and sales records have also shown the glamorous mansions they call home.
Property has been delivering average earnings of $110,000 a year in some regions of Sydney following an unexpected boom in house prices. SEE WHICH AREAS TOPPED THE LIST
Agents were left in shock after a humble red brick house out sold nearby mansions and smashed price expectations by nearly $3m.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/92