Tag Archives: Real Estate Market

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 apartments going uninhabited. News.com.au attribute

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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 threshold, bringing the total count

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Real estate recovery – the Perth suburbs surging upwards

Cottesloe, Gwelup and Bicton among most promising Perth suburbs Stirling is Australia’s second-strongest government area for growth markets These 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 index as leading

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