In a rental market, the balance of power typically tips towards the tenant when vacancy rates exceed 2.5% - as such, Sydney is currently a renters’ paradise. Throughout January, Sydney observed a 3.7% vacancy rate, up from the 2.3% a year ago - far exceeding the 2.5% tipping point, with almost 1 in every 25 …
Continue reading Oversupply of apartments pushes Sydney vacancy rate to record high
The Domain House Price Report for December 2018 has provided a list of the suburbs which had previously seen median home prices above $1 million dollars, which can no longer claim as such. In early 2018, the number of million-dollar suburbs was on the increase - last February saw 13 new suburbs cross this immense …
Continue reading A host of Melbourne suburbs drop below the million-dollar median mark
Cottesloe, Gwelup and Bicton among most promising Perth suburbsStirling is Australia’s second-strongest government area for growth marketsThese increases are built from a low base, following a drop post-resources boom In the wake of widespread downturn throughout Australia’s larger markets - Melbourne's recent figures particularly bleak - Perth’s suburbs have been singled out by a recent …
Continue reading Real estate recovery – the Perth suburbs surging upwards
11,400 property sales in 2018, worth $4 billionIn the final three months - 9% dip across greater Hobart, 23% drop in inner-city sales80% of Tasmanian sales went to Tasmanian buyers, only 2% foreign Tasmania was host to record property sales throughout 2018, with data from the Real Estate Institute of Tasmania showing 11,400 property transactions …
Continue reading ‘Spurious’ council decisions blamed for slowing Tasmania’s real estate surge
Recent data released by CoreLogic puts into tangible terms the significant downturn faced by one of Australia’s largest markets - over the course of 2018, the clearance rate of Melbourne fell by 22%. Last week, a realestate.com.au report acknowledged the existence of a real estate downturn, but labelled it overblown, suggesting that while some of …
Continue reading CoreLogic Data: Over 2018, Melbourne’s clearance rate fell by 22%
Inaccurate figures and hasty predictions exaggerated the downturnIn 2018, Sydney’s market fell by 1.48%, Melbourne by 5.93%Adelaide saw a property price increase of 1.1% A recent report from realestate.com.au has reflected on the downturn seen throughout 2018, continuing to tug on the market in 2019’s early stages, surmising that Australia is “now in the midst …
Continue reading New report shows real estate market downturn is real, but overblown
