Markets

The areas in Sydney and Melbourne most at risk of apartment oversupply

Analysis from Citi shows the Melbourne CBD is most at risk of apartment oversupply. While Sydney has more regions deemed at-risk, oversupply concerns aren’t as heightened as the key Melbourne trouble spots. The bank said new apartment approvals are likely to still exceed underlying demand until 2020. Analysis from Citi […]
The areas in Sydney and Melbourne most at risk of apartment oversupply
Markets

CHART: Australian capital city house price growth since the GFC

If you think that house prices in Sydney and Melbourne have risen rapidly in recent years, you’d be right. As shown in the chart below, supplied by CoreLogic RP Data, prices in Australia’s largest capitals have skyrocketed over the past seven years, rising by 80.2% and 67.8% respectively since January […]
CHART: Australian capital city house price growth since the GFC
Markets

CHART: Melbourne property prices have doubled over the past decade

Melbourne property owners have a lot to be happy about, particularly those who have owned their properties for a long period of time. As the chart from CoreLogic RP Data shows below, the median Melbourne house price has doubled over the past decade, adding to the even larger 168% increase […]
CHART: Melbourne property prices have doubled over the past decade