The end of 2019 ended quite well with the gradual recovery of the property market, interest rate cuts and easing credit conditions. We could see an overall increase in property prices as prices started to recover. But times are changing due to COVID-19. Uncertainty is everywhere. The pandemic known as the coronavirus, a.k.a. COVID-19,
Tag: Property Market
Melbourne and Sydney’s property market may recover faster than expected! It’s predicted that within 12 months, prices will reach their peaks again. The recent low interest rates and simpler credit standards has given a boost in the recent growth in property prices. Although many economists predicted this growth, the growth is rebounding stronger and
Analysts from SQM Research predicts Melbourne and Sydney home prices will rise to double digits in 2020! Managing Director of SQM Research, Louis Christopher, proposes many future scenarios. After considering many factors, he suggests this ideal scenario. In this ideal scenario, Melbourne prices would rise 12 to 17 per cent and Sydney prices
Melbourne and Sydney have shown a large increase in house pricing this past month (October 2019). For the month of October, Melbourne had an increase in housing prices of 2.3 per cent – a rate not seen since 10 years ago. Sydney did not fall behind by much, with prices increasing by 1.7 per
With house prices rising, how does one get around with paying less or earning more? Behavioural economics have provided some insights on how to save tens, hundreds, or even thousands on a home. Many irrational factors affecting how much people pay for a home have been discussed. Auctions are generally preferred over private
The Reserve Bank of Australia (RBA) recently outlined future challenges during their six-monthly check-up on the financial system. According to RBA, although the recent growth in the market has helped many banks and households, risks of housing prices dropping still exist. Contrary to this, RBA predicts that housing prices could potentially rise sharply in
Have a glance at the changes in our property prices in the past 12 months from August 2018 to August 2019 (retrieved from here): Capital City 12-month change in value Aug 2018-Aug 2019 Median value Sydney – 6.9 percent $790,072 Melbourne – 6.2 percent $626,703 Brisbane – 2.1 percent $485,493 Adelaide – 1.1 percent $428,203
Can we expect more buyers in Australia’s property market? Every year, many Chinese tourists visit Australia. So much so that, according to a survey conducted on Juwai, many are even considering buying property in Australia. Hence, we can expect to see more activity from Chinese buyers within our property market. This is especially true