Markets

Lockdowns haven’t been able to slow down Australia’s property market yet, but Sydney’s could prove the exception

Australia’s property markets have proved resilient throughout its various lockdowns. CoreLogic found that sales tended to bounce back following a lockdown period, but says government intervention had been the biggest factor stabilising the market. As Sydney looks like extending its three-week lockdown further, a lack of government support this time […]
Lockdowns haven’t been able to slow down Australia’s property market yet, but Sydney’s could prove the exception
Markets

Property prices boomed 13.5% this year – but momentum is beginning to fade

Australian property prices rose 13.5% nationally over the last financial year. Darwin, Hobart and Canberra led the country, with prices in all three cities rising by about 20%. The Sydney market, meanwhile, jumped 15%, with median prices rising by $130,000 in just 12 months. Visit Business Insider Australia’s homepage for […]
Property prices boomed 13.5% this year – but momentum is beginning to fade
Markets

Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC

Economists have predicted Australian property prices will continue soaring throughout the remainder of the year on the back of record low interest rates. Sydney is expected to lead the market higher, with prices finishing the year 21%, or $216,300, higher. Meanwhile some economists warn the Morrison government’s loan guarantee scheme […]
Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC
Markets

Australia’s housing market is now worth $8.1 trillion – that’s more than super, the stock market and commercial real estate combined

Australia’s housing market hit $8.1 trillion in value last month, surpassing the combined values of listed shares, superannuation, and commercial real estate by $1 trillion. Market analysts CoreLogic state home prices spiked 6.8% in the three months to April 2021. But the Reserve Bank of Australia maintains other policy levers […]
Australia’s housing market is now worth $8.1 trillion – that’s more than super, the stock market and commercial real estate combined