by Konrad Bobilak | Feb 6, 2017 | property
Skyrocketing rents in Hong Kong have seen a rise in the number of people living in “coffin” homes. With property prices jumping nearly 50 per cent since 2012, it is estimated more than 200,000 people now live like 61-year-old Ziwa Wong, in a tiny space that’s just 1.8...
by Konrad Bobilak | Feb 6, 2017 | property
Unseasonably festive season sales and auctions against record low stock levels gave house prices another price boost in January with Sydney and Melbourne recording the highest growth, Corelogic’s January Hedonic Home Value Index shows. Sydney posted a 1 per cent...
by Konrad Bobilak | Feb 6, 2017 | property
If you thought it was hard to get into the housing market, it may yet get worse unless the Federal Government changes tax policies to reduce investor demand. That is the warning of economists at Australia’s biggest mortgage lender, the Commonwealth Bank....
by Konrad Bobilak | Feb 6, 2017 | property
Australian financial intelligence officials last year investigated more than $3.3 billion of suspect transfers by Chinese investors — including $1bn invested in property — raising concerns that Australia’s foreign ownership laws are being sidestepped by people...
by Konrad Bobilak | Feb 6, 2017 | property
Suburbs once seen as industrial and working class are steadily slipping out of reach of the very buyers who would have once deemed them affordable. It now costs more than $1 million to buy a house in the heavily-industrial suburb of Clayton, 19 kilometres from...
by Konrad Bobilak | Feb 6, 2017 | property
Image: 16 Morcom Ave, Ringwood East sold for $918,000 in the December quarter. The suburb experienced the biggest median house price growth of any Melbourne suburb in that period. MELBOURNE’S median house price has surged past three-quarters of a million...