Sydney’s housing market could be on course for a double-dip downturn as early as next month, after prices slowed faster than expected in November, sparked by the Melbourne Cup interest rate rise and a large lift in listings, CoreLogic data shows. Home values in the city lifted by 0.3 per cent during the month, which…
FOMO returns amid high migration and supply shortage
Expectations of strong capital growth and robust rental increases fuelled by record migration are enticing a growing pool of property investors like Marc Woolfson back into the market, despite higher interest rates. “I think there are really good opportunities for property values to increase strongly due to limited housing supply and high migration,” he said. Melbourne-based…
Brisbane home prices hit new record high, gaining on Melbourne
BRISBANE has led the nation in home price growth over the past month, with values hitting a new record high as homeowners brace for a potential rate hike next week, a new report reveals. Proptrack’s Home Price Index, released today, shows the city’s unit and house prices combined gained another half a per cent in…
Gold Coast a honey pot for wealthy buyers with cash deals dominating luxury apartment sales
Artist’s impression of DD Living’s $457 million Royale Gold Coast at Surfers Paradise The Gold Coast property market has become a honey pot for cash buyers of luxury apartments, with one of the city’s most active project marketing groups revealing that interest rate increases are having no impact on sales of $3 million-plus holiday homes.…
Queensland property continues to shine on: REIQ
Queensland property keeps proving itself to be a shining performer, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ) today. The June 2023 quarter (April – June 2023) revealed that many of the Sunshine State’s property markets remain in an enviable position, with statewide median house prices rising by…
Luxury Homes Are Selling Surprisingly Fast in These Cities, Cash Buyers Dominate on Australia’s Gold Coast, and More
Mansion Global’s daily round-up of the latest luxury real estate news from around the world. THE LEAD Luxury Homes Are Selling Surprisingly Fast in These Cities California’s Silicon Valley, including San Jose, Sunnyvale and Santa Clara, has the fastest-selling luxury homes in the U.S. That might surprise given the high-profile layoffs that began rippling through the…
