Sydney Eastern Suburbs’ golden property market
The luxury market continues to dominate news headlines with the sales of 3 Lindsay Avenue, Darling Point, with a reported $65M sale price. The sale of a non-waterfront mansion for $62M in Wentworth Road Vaucluse, also made the top 10 on record.
Selling your property under court orders
A relationship breakdown comes with many other complications, such as selling your family home. It is daunting, I understand what you are going through.
Is the property market going to crash?
In a normal property market, you sell before you buy, whereas, in the buoyant market we’ve had, you would buy before you sold, fuelling competition which resulted in price inflation.
Bondi Beach penthouse sells for a cool $20.1 million
The suburb record for Bondi Beach was set in 2013 at $21 million for a double penthouse on the top of the Bondi Pacific. At the time, the off-plan sale set a record price for an Australian apartment.
The fastest-selling property market we have ever experienced
Everything is selling quickly, but some areas are hotter than others. Current demand is driven by low-interest rates and the changing needs of householders who no longer have to commute to work as they work from their home offices.
Why the housing market is on fire
So, we’re in the middle of a pandemic and the property market is on fire. Median property prices have risen considerably in all the four capitals on the East coast of Australia over the past three months
Spiralling Property Prices Force Buyers to Borrow More
As house prices spiral across the country, would-be homeowners are forced to make a plan. According to CoreLogic data, in February house prices rose at rates beyond anything we’ve seen in 17 years. Only Darwin and Perth have avoided these vast increases in price.
Homeownership in Sydney – Upsizing or downsize?
Homeownership in Australia is changing. ABS data shows that homeownership reached its peak at 71.4% in 1966. This was up from 53.4% in 1947. In recent years homeownership has been on a slow decline reaching 67.1% in 2016.