One year was all it took for Sydney man Sam O’Connor to get his foot on the property ladder. The 29-year-old has just snapped up a two-bedroom, one-bathroom apartment with a two-car garage in Bexley, 13km from Sydney’s CBD. The property manager, who earns $83,000 per year, was able to save a 10 per cent…
Unruly Airbnb guests will soon cause more headaches for their hosts, as neighbours gain new legal powers to seek compensation of up to $2000 and bans for problem rentals. But a blindspot in the apartment-focused legislation means free-standing houses are completely unaffected, one of the law’s key architects has warned. From Friday, members of an…
In 2018, Canberra’s detached home market remained flat while apartment prices took a hefty knock. Latest Domain figures show median home prices effectively stalled on $738,933 while apartment prices slumped 6.1 per cent to $412,718 – their steepest drop in 15 years. Domain has predicted a slightly brighter 4 per cent growth in home prices…
CAIRNS’ median house price is about nine times the median local income, putting its first home buyers ahead of most Aussies trying to get a foot onto the property ladder. This figure is lower than the national average of 12 times pre-tax income and lower than the Greater Brisbane average of 11. Corelogic data for…
The latest Canberra median house and unit prices reveal there are differing fortunes across suburbs in the nation’s capital. According to Domain data, Barton, Phillip and the City are the worst performing suburbs in Canberra. Among suburbs with more than 50 sales in 2018, Barton units had the greatest fall, with the median price of…
‘You win some, you lose some’… seasoned renovator Bernadette Janson accepts she may take a loss on a Redfern terrace up for February 16 auction bought for more than $1.2 million last October. With the market deteriorating further in that time, Belle Property Surry Hills agents Con Fotaras and Leon Parker have been quoting a…
Sustainability has moved from niche appeal into the mainstream prestige market, according to a growing number of architects and agents. It may come in the form of a request for something as minor as high-quality insulation and ways of catching rainwater run-off. It’s now commonplace, however, for high-end homes to also include solar-heated water systems…
Bairnsdale has been tipped by a leading property expert to be Victoria’s most improved market this year, narrowly beating out Mildura. Propertyology head of research Simon Pressley said the East Gippsland city had the potential to notch house price gains close to 10 per cent in 2019, after experiencing a 3.1 per cent rise in…
Some Sydney buyers are getting more bang for their buck in suburbs they were once locked out of as house prices continue to fall. House prices in the harbour city recorded the steepest decline in more than two decades after a 9.9 per cent drop in the past year, the latest Domain House Price Report showed. As…
Despite the drop off of prices in 2018, there is still some positive news for vendors as certain properties within the inner west did perform above expectations. While selling conditions are likely to remain tough for vendors, McGrath Newtown agent Adrian Tsavalas believes certain suburbs in particular can bounce back stronger due to the lifestyle…