Brexit could reel in more foreign investors for Australia

Brexit could reel in more foreign investors for Australia

Brexit is likely to channel more foreign investors to Australia property experts say. REA Group Chief Economist Nerida Conisbee says for offshore investors looking for a safe place to park their money, Australia is coming out as a sparkling first choice in the midst of the Brexit turmoil. Despite¬†a significant drop-off of foreign investment activity, […]

Foreign buyer crackdown as new identity rules applied to Sydney property market

Foreign buyer crackdown as new identity rules applied to Sydney property market

Buyers and sellers of real estate will have to prove their residency and citizenship status to the NSW government before a sale is completed, under new rules targeting foreign buyers that will apply from July. The Baird government will collect the first comprehensive data about the real level of foreign ownership of NSW houses and […]

Property Value Trends for Sydney, Cronulla and Wentworthville

Property Value Trends for Sydney, Cronulla and Wentworthville

NSW and Sydney property trends: boom or catch up? A NSW Parliament briefing paper published in January this year highlights some interesting short and longer term trends for the property market. The House prices, ownership and affordability: ¬†trends in New South Wales briefing paper makes a number of interesting observations: Between June 1990 and June […]