Sydney rents have recorded their biggest annual fall in more than a decade thanks to the last remnants of the city’s record construction boom, but cheaper rent may not last much longer, according to property experts. Across the city, the median weekly asking rent for houses dropped $25 to $525 in the year to September,…
Macquarie’s Martin Place Towers Win Approval
Macquarie’s controversial Martin Place integrated station development has cleared the final hurdle for approval, after the NSW government gave the $637 million towers the green light this week. Premier Gladys Berejiklian approved the project—submitted as part of an unsolicited, private sector-led proposal in 2017—in Sydney, unveiling new renderings of the 39-storey office tower at the northern entrance to the…
Sydney’s apartment markets are defying the general trend: Hotspotting’s Terry Ryder
EXPERT OBSERVATION Newspapers and other forms of mainstream media add to the great seething mass of misinformation when they publish a single figure to describe price trends in a major capital city. When they declare that Sydney prices have dropped 10% or 12% in the past 12 months, it paints a picture of a market…
Byron Is Now More Expensive than Sydney
With a population of just 34,500 people and a median house price of $987,500, Australia’s most expensive city is now Byron Bay in Northern New South Wales. New research from property market research firm Propertyology has identified the most expensive cities by median house price. According to the report, the price gap between Australia’s two…
Why more families than ever are quitting Sydney and leaving for Brisbane
Sydneysiders are looking to buy property in southeast Queensland more than anywhere else in Australia, new data shows. Exclusive research from Domain into out-of-area inquiries made by people living in Sydney has revealed that, last year, more than 50 per cent were looking at buying property in Queensland. That’s up 5 per cent on 2017…
Migration fuels boom
New wave of southerners to lift property prices. Queensland real estate is on the cusp of a boom fueled by Sydney and Melbourne’s property woes, with a leading analyst predicting interstate migration to hit a record high by next year – putting upward pressure on home prices. Research by Place Advisory, provided exclusively to The…
