SYDNEY, July 1 (Xinhua) -- Australian house prices rose by 0.5 percent in June according to Corelogic's June Home Value Index received on Friday. Sydney and Melbourne posted the biggest gains when it came to Australia's capital cities, rising by over 11 percent in the past year. Commonweal...
The city's largest downturn on record was in the recession between 1989 and 1991 and Lawless says it is likely that Sydney will "set a new record in terms of the magnitude of price decline and the length of decline." A tighter lending environment is contributing to price declines with inve...
"Sydney house prices are about 12.2 times annual household incomes which is grossly excessive. "What housing should be in normal markets is at or below three times household earnings, so Sydney is four times what it should be." Mr Pavletich said decentralisation was also ...
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House prices dropped 1.1% in February and 11.5% year-over-year. Condo prices dropped 0.8% in February and 8.8% year-over-year. In the Melbourne metro, the second largest market in Australia, prices of all types of homes fell 1% for the month and...
Stay updated with the latest news by flipping through the complimentary daily newspaper provided for your convenience. For entertainment, enjoy a selection of in-house movies on the television, or catch up on your favorite shows with satellite/cable TV channels. Stay effortlessly stylish with the ...
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BUDGET PROPERTY STYLING DEVALUING HOUSE PRICES IN INNER SYDNEYNikki Shah
house prices to rents back to its long-term average, reports AMP Capital, and house prices need to fall by about 18% for the ratio of house prices to wages to return to more normal levels. It is not surprising, on these figures, that the OECD has found Australia to have the most ...
Louis Christopher, the managing director of SQM Research, has upgraded his forecast forSydneyhouse price growth to a probable 11 per cent to 15 per cent for 2015. Previous price growth expectations forSydneywere 8 per cent to 12 per cent for the year. ...