Tag - Real Estate

Chinese buyers are getting ready to flock back into Australia’s ‘cheap’ property market – with one city emerging as their clear favourite

Chinese have ranked Australia as their number one destination to buy property, with 27% of tourists telling Chinese portal Juwai they’ll consider buying a property on their next overseas trip. Of the Australian cities, Melbourne was ranked by almost half of all Chinese buyers as their top pick. Sydney and Brisbane, with Brisbane singled out for its more affordable market. After a couple years of declining Chinese activity in the market, renewed interest could lead to a boom in prices, with the depreciation of the Australian dollar securing an 11.1% discount for Chinese buyers. (more…)

Australia’s best and worst performing suburbs since 2014

Australia’s best and worst-performing suburbs of the past five years have been revealed, with new data showing the hotspots that have skyrocketed since 2014 and those that have borne the brunt of the mining downturn.

The figures, released as part of Domain’s latest quarterly house price report, show the top 10 suburbs for houses and units combined, as well as the bottom 10 suburbs for houses and units combined.
Other suburbs with strong growth included units in Adelaide’s inner eastern blue-chip suburb, Norwood; houses in the wealthy Sydney Eastern Suburbs neighbourhood of Vaucluse; units in Noosa Heads, Queensland; and houses in Burradoo, in the NSW Southern Highlands. (more…)

Sydney’s property market is set for a new boom

Sydney's property market is set for a new boom with an undersupply of homes predicted to fuel a spike in house prices. Clearance rates have been sitting above 70 per cent for seven weeks as a limited number of new properties come onto the market. On Saturday, 734 auctions are scheduled for Sydney in the city's biggest test of the market since Easter.

The auction weekend comes as data released by property analytics firm CoreLogic shows housing affordability concerns remain severe.

The report also reveals the proportion of Australians living with their parents who believe they will still be at home when they are 30 has jumped from one in five to more than a third over the last two years. CoreLogic’s Asia Pacific research director Tim Lawless said the period of improved housing affordability caused by cheaper house prices was coming to an end. (more…)

So much for the downturn! Australia’s housing affordability is at crisis levels as the number of expensive suburbs TRIPLES

The number of suburbs with ridiculously unaffordable house prices has tripled despite Australia being in the grip of a record property market downturn.

During the last real estate boom in June 2014, just 3.2 per cent of Sydney suburbs had a median price of more than $2million, CoreLogic data showed.

That number has more than tripled in just five years, with 10.6 per cent of houses in Australia's biggest city being in this situation. (more…)


Liverpool Civic Place

Council’s proposed mixed-use Liverpool Civic Place development will anchor and activate the southern end of Liverpool CBD, providing new public spaces, community facilities and job opportunities for our growing city. Located at 52 Scott Street, Liverpool, Council will commit around $195 million to its components of the proposed development, which include:   (more…)

2018/2019 Investment Sales Report

Coomercial Property InvestmentsWith the Federal Election and uncertainty around negative gearing and capital gains tax now in the rear-view mirror, the commercial property market is again in investors sights. But just how well has the market performed over the pas 12 months? The attached Sales Report from Burgess Rawson, highlights sales in the commercial and industrial property market, including Retail, Child Care Centres, Fast Food, Medical, Automotive and other property types. (more…)
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