During 2015, the media was full of feel good stories of potential millionaires – the result of neighbours banding together to ‘crowdsell’ their homes to developers across Sydney. Fuelled by the demand from developers and low availability of land, the popularity of multiple selling – anywhere from two houses up to 20-strong ‘superlots’ – is […]
The growth in international students in Australia will be a key driver of apartment demand in 2016, according to commercial real estate company, Colliers International. A recent story in the Australian Financial Review reported that investor interest in apartments may have cooled due to a lending clampdown but the rising international student numbers will fill the gap […]
While residential property prices might fall in 2016, it will be limited to less than 10% with “little significant downside risk” to the housing market, ANZ has said in its latest housing update. According to a recent Australian Financial Review article, despite the headwinds facing the housing market though the second half of 2015, ANZ […]
Tougher financial penalties now apply with the introduction of strict new rules around foreign property investment in Australia, according to a recent article in The Sydney Morning Herald. The Australian Taxation Office is now in charge of overseeing foreign residential property investment, with 50 compliance officers charged with investigating potential breaches of the law. According […]
THERE’S two great things about buying a house in one of Sydney’s newest, most desirable housing developments — you’ll save up to $150,000 and you’ll never have trouble finding the toilet when visiting the neighbours. The Parc development in Kellyville, in northwest Sydney, consists of 200 townhouses built from the exact same mould, right down to […]
For many getting a foot on the property ladder is about buying that first residential asset, but when it comes to the return they are looking for from their investment, commercial property may be a better fit. While investing in residential property has a familiarity that many investors may feel comfortable with returns from industrial, […]
Call it the garage sale of a century. Sydney-siders Odette Maddern and partner Jason Ingleburn must have been mad when they paid a record price of $822,500 last July for this once rusty roller door in Sydney’s east. But now the Paddington pad, which 12 months ago was just a lock-up garage sporting a painted […]
While it is often overlooked in the media hype about Sydney’s property market, areas around the south-west and north-west of Sydney have been experiencing a major boom in development and investment over the past few years. It also looks like that growth is set to continue and even accelerate. New South Wales is projected to […]
An article published late last year revealed that the NSW government will acquire hundreds of Sydney homes and businesses to make way for future infrastructure projects like the WestConnex motorway and the Eastern Suburbs light rail extension. It’s not unusual for government entities and private enterprise to acquire land to be used for development. Land […]
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 […]
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