by Konrad Bobilak | Apr 19, 2017 | property
PLENTY of people are getting rich off the Sydney and Melbourne property boom, but it’s not first homebuyers. The proportion of owner-occupier loans going to Australian first home buyers fell to 13.3 per cent in February. To put this in perspective: at the beginning of...
by Konrad Bobilak | Apr 18, 2017 | property
Data recently released by the ABS shows that household net worth has increased substantially over recent years however, household debt is also climbing to new record highs. The ABS’ recent release on finance and wealth for the December 2016 quarter showed that the net...
by Konrad Bobilak | Apr 10, 2017 | property
More than half the apartments bought off the plan in Melbourne’s CBD, Docklands and Southbank since 2011 have changed hands at a loss, while many inner-Brisbane unit buyers are also out of pocket from the resale of new apartments. Sydney, where the building boom is...
by Konrad Bobilak | Apr 10, 2017 | property
MELBOURNE’S rapidly growing population is underpinning the present surge in house prices, the Real Estate Institute of Victoria says. REIV president Joseph Walton said the outer suburbs were among the areas to increase, rising by 8.7 per cent in the 12 months to...
by Konrad Bobilak | Apr 10, 2017 | property
Australian house prices continued to soar in March, and not just in Sydney and Melbourne. According to the latest Hedonic Home Value Index released by CoreLogic earlier today, capital city house prices rose by a weighted average of 1.4% last month, leaving the...
by Konrad Bobilak | Apr 10, 2017 | property
Sydney and Melbourne’s sizzling housing markets stepped up the pressure on buyers last week as both cities recorded auction clearance rates of more than 80 per cent. The stronger figures, driven in part by a Melbourne auction market down by almost 500 properties...