Sydney investors move south

Sydney investors move south

Formerly known as “Canberra’s beach”, Batemans Bay and surrounding South Coast suburbs in the Eurobodalla market have received an influx of buying competition from property-hungry Sydneysiders. The Canberra Times reports that while a decade ago Canberra made up 80 per cent of the interest in Batemans Bay properties, with only 5 per cent coming from […]

Melbourne trumps Sydney in home value growth

Melbourne trumps Sydney in home value growth

Although it still currently holds a lower median house price, Melbourne exceeds Sydney when it comes to home value growth. The Australian reports that, according to property researcher CoreLogic, the reason for the quicker pace south of the border is a mixture of strong interstate migration and comparative affordability. The Sydney market has generally held […]

Parra matters: Western Sydney area set to become NSW’s cultural hub amid staggering growth

Parra matters: Western Sydney area set to become NSW’s cultural hub amid staggering growth

Greater Parramatta’s sustained growth is set to continue, after the Government announced that more than 110,000 jobs will be created and over 72,000 in the pipeline to be built in the area. The decision comes as part of a 20-year plan in a bid to cater to the city’s booming population, with the vision to […]

What the latest Census figures reveal about our housing market

What the latest Census figures reveal about our housing market

Despite a slow decline in home owners amid a country-wide housing affordability crisis, new Census data has revealed that the notion of possessing property is still achievable. The recent release of Census datas shows that national home ownership and rental rates vary across different locations. The data highlights a range of interesting statistics around housing, […]

Golden soil | Quality earth and running water were the defining factors in Australian real estate evaluation 100 years ago

Golden soil | Quality earth and running water were the defining factors in Australian real estate evaluation 100 years ago

While today suburb prices are dependent on quality cafes and dining establishments, a century ago it was just good soil and running water that was all the rage. Real estate in Sydney has changed drastically since; back then, Bronte was considered a new suburb, and the now affluent Vaucluse was considered a moderate-income suburb – […]

Sydney’s sky-high housing prices finally hit turbulence

Sydney’s sky-high housing prices finally hit turbulence

It seems that Sydney’s rocketing housing prices are finally set to plateau, with June posting the slowest quarterly median home price rise in over a year. Despite the slow growth, however, the current median home price of $880,000 in the Harbour City is 12.2 per cent higher than it was at the start of July […]

Back in “bid-ness” | First home buyers return to the market amid stamp duty concessions

Back in “bid-ness” | First home buyers return to the market amid stamp duty concessions

First-home buyers have made the most of the Government’s new stamp duty concessions as part of their housing affordability package, returning to the auction market in force over the weekend. The measures, which kicked in on July 1, mean that first-home buyers are free of stamp duty for purchases up to $600,000 while discounts apply […]

Survey reveals 25-29 year olds believe home ownership is out of their reach

Survey reveals 25-29 year olds believe home ownership is out of their reach

The Daily Telegraph reports that a national survey, branded as Australia’s largest outside of the official Census, has revealed that over half of NSW residents between 25 and 29 believe that home ownership is no longer realistic. The survey, which consisted of Commonwealth Bank customers, varied considerably suburb to suburb. In the more affordable Sydney […]

NSW government announces 15 new priority precincts for Sydney

NSW government announces 15 new priority precincts for Sydney

Fifteen new priority precincts around Inner Western, South West and Northern Sydney have been announced in a move to combat the city’s housing affordability crisis and assist first home buyers. The new precincts are all located nearby public transport and have been identified as having broad social, economic and environmental significance to their respective communities. […]

Hillsdale continues to attract developers

Hillsdale continues to attract developers

In Sydney property terms, Hillsdale could be considered an affordable suburb with a median unit price of $653,500. It’s also a lesser-known suburb in heart of south-eastern Sydney, predominantly made up of apartments. RealEstate.com.au has recently reported that a four-level development has been approved for a site at 41-45 Rhodes Street where “there is DA […]