Oversupply of apartments pushes Sydney vacancy rate to record high

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 …

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A host of Melbourne suburbs drop below the million-dollar median mark

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 …

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Real estate recovery – the Perth suburbs surging upwards

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 …

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‘Spurious’ council decisions blamed for slowing Tasmania’s real estate surge

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 …

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CoreLogic Data: Over 2018, Melbourne’s clearance rate fell by 22%

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 …

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New report shows real estate market downturn is real, but overblown

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 …

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