Unlike any other year in the property market
In what is shaping up to be the deepest correction in property in 30 years, the global housing market is predicted to continue declining in 2023. The year 2022 will mark the softest property sectors in the nation’s two largest cities since the 1990-91 recession, according to new research on failed auction results. Sydney property […]
What’s ahead for property in 2023?
Population growth and the nation’s wealth will be the main long-term drivers of our property market, rather than short-term fluctuations caused by interest rate increases, inflation, or government intervention. Despite the difficulty of forecasting, particularly about the future, history is instructive, so let’s take a look at the past, even though it is only one […]
Looking at the market over 2022 in Sydney’s eastern suburbs
Sydney’s property market has been in the news a lot over the past 12 months, but if you read most media reports, you’d probably get the impression it is all gloom and doom. However, the reality is much more complex – and, in many cases, more positive – than headlines suggest, especially in the eastern […]
Sydney’s eastern suburbs property selling season data
We dive into the Sydney and eastern suburbs listings numbers to find out how spring is tracking, typically the busiest time of year for real estate
Over the past 30 years, prices have risen by more than 1,500% in three suburbs
The median Sydney property price has risen by over 550% in the past 30 years. In 1993, the median house price in Sydney was $188,050. Today, it is $1,036,727.
Federal Budget 2022 – Challenges, New Priorities
Australians have experienced sharp increases in their living costs since the last Federal Budget was delivered in March 2022, with inflation surging to levels not seen since the GST was introduced in 2000. Aside from this, the RBA has increased the official cash rate six times, increasing by 2.50 percentage points since May to 2.60%. […]