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…
DetailsCAIRNS’ 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…
DetailsThe 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…
Details‘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…
DetailsSustainability 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…
DetailsBairnsdale 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…
DetailsSome 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…
DetailsDespite 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…
DetailsThe number of Chinese buyers of Australian homes is likely to remain steady this year in what’s being seen as a major boost for the weakening domestic property market. Continued wealth growth in China – with dollar-worth per adult having risen four-fold over the past six years – an eye for an Australian bargain, a weak…
DetailsAlong with home and contents insurance, there are two other types of insurance you should know about when buying a home. Mortgage insurance: is designed to protect you as the borrower in a home loan, in case something happens and you are not able to pay your mortgage. It usually covers repayments on your home…
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