Toggle Menu Header



Content Editor at, Sydney

Australia has dealt with the COVID-19 pandemic better than some other countries and territories around the world

17D ago 0 Replies 32 Views
Australia's housing market was among the top performers globally in terms of price growth over the first six months of 2020, according to a study from Knight Frank.
Australia moved 37 places up the global rankings from last year, claiming the 19th spot in Knight Frank’s Global House Price Index over the second quarter of 2020.

While the annual price growth in Australia had fallen slightly from the first quarter of the year, it was still higher than the average price gain of 4.7% across 56 other countries and territories tracked in the index over the quarter, said Michelle Ciesielski, head of residential research for Australia at Knight Frank.

"Whilst in the past eight weeks the difficulties around obtaining finance have seen the number of registered bidders thin out at auction, the clearance rate remains stable as do prices across the inner and middle rings of metropolitan Sydney," 


Share on:

Top Contributors Last 30 days

1 InvestAus
2 Anuj
3 Anjali

Related Posts

NSW: New South Wales's Central Coast Region is projected to record a rental market boom

New South Wales's Central Coast Region is projected to record a rental market boom as home seekers escape inner-city areas, according to Brand Property. Over the May to August period, Brand Property recorded a 196% rise in tenant applications and a four-fold increase in enquiries for homes in the Central Coast. "People from Sydney who have been working from home during the coronavirus now see living on the Central Coast as viable and much more affordable," he said. Figures from SQM Research show that Sydney reported a 3.5% increase in vacancies in August, with the Sydney CBD region reporting the highest vacancy rate at 12.9%. The latest report from the Real Estate Institute of New South Wales (REINSW) showed similar results when it comes to regional locations. However, it did report that while vacancies in most regional locations in the state remained tight, Central Coast was actually one of the few that reported an increase in vacancy rate in August. Source: x Region poised for a "rental boom" This region stands to benefit from the exodus of renters from big cities
1Hr ago 16 Views

NSW: A 26.31 per cent increase on the volume of auctions recorded

With the first month of the spring selling season done and dusted, buyers across Sydney made plenty of bold offers to finalise a deal today. This translated not only into many properties selling under the hammer, but also reserves tumbling on what was a windy Saturday. As of Saturday night Sydney achieved a clearance rate of 80.2 per cent from 374 reported auctions to, with more results to follow. An Epping auction with 16 bidders and lasting 25 minutes sold on Saturday for $1.777m in one of the best results on Saturday. Continue reading at: x Sydney auctions: Property market on fire as Sydney... A stellar Saturday has seen Sydney record its best clearance rate this spring as reserves tumbled across the board, including at a bizarre auction that saw a relative purchase the sellers home.
Justprop Team
Justprop Team
1Hr ago 1 View

NSW: NSW residents are on the way out of the state

The permanent exodus of NSW residents to Queensland after the borders re-open looms as a key housing supply and demand issue for both states. The interstate migration could be on as soon as the Queensland premier Anastasia Palaszczuk loosens the restrictions, with plenty of time for people to think about it during the NSW lockdown. The scenario was raised in a report by the National Housing Finance and Investment Corporation (NHFIC) titled COVID-19: Australia’s population and housing demand. Most of the headlines after the report’s release centred on the impact of closed international borders on new dwelling demand across Australia. International border closures have effectively shut down net overseas migration, which has accounted for 59 per cent of population growth since 2007. The forecasters also looked at interstate migration premised on the theory that higher migration equals higher demand for property. Queensland’s attractiveness impacts employment prospects and house prices. It has been the relative house price differences between Sydney, Melbourne and Brisbane that have “consistently shaped Queensland’s interstate migrant intake” over the past 40 years. Get more details at: x Exodus of NSW residents to Queensland a major hous... The permanent exodus of NSW residents to Queensland after the borders re-open looms as a key housing supply and demand issue for both states.
1D ago 8 Views

Localities close to CBD with good schools

Looking for recommendations for localities close to CBD with good schools and shopping options. Have heard about Balmain and Surry Hills....Are they good? 
1D ago 6 Views

NSW: The Central Coast is facing unprecedented demand for rental properties

According to local real estate agency Brand Property, recent spikes in demand aren’t likely to slow down, with the region reporting a vacancy rate of just 0.7 per cent. Already, the agency has reported a 196 per cent increase in tenant applications between May and August compared with the same period last year. It’s a huge contrast to the reported figures in Sydney, where the vacancy rate is now the highest in the country, at 3.5 per cent, according to SQM Research. But it’s not only lifestyle driving an uplift in rental demand, according to Brand Property, which has also pointed out a persistent trend of renters downgrading their property in the cooler months, likely due to job losses and pay cuts. It means “all areas are proving popular at the moment, because the more expensive suburbs are still cheap compared to Sydney”, the agency said. It noted a five-bedroom architectural home in Terrigal was recently rented for $1,100 per week after being listed for just two days. Source: x COVID-19 boosts Central Coast rental market The Central Coast is facing unprecedented demand for rental properties as cityslickers leave Sydney in droves.
3D ago 229 Views

NSW: Demand for property has shown signs of returning to pre-COVID-19 levels

Demand for property has shown signs of returning to pre-COVID-19 levels across much of Australia as households pump money they would have spent on travel or entertainment into housing instead. Figures from the Australian Bureau of Statistics revealed mortgage approvals have been tracking up since the market hit a trough in May, despite the weaker economy and mounting job losses. This increase was largely from owner occupier spending, particularly from first homebuyers. Owner occupiers spent an additional $1.2 billion on real estate between June and July, with about a fifth more first homebuyers in the market compared to May.“There are hundreds of Aussies with a deposit saved, keeping a keen eye on the housing market and ready to pounce. It looks like the declines seen thus far in the eastern capitals may be softening, and the housing market could very well turn a corner in the next few weeks.” Source: x Mortgage approvals on the rise as more buyers repo... There was widespread fear of a coming “cliff” for the property market but it has instead been recovering due to a trend most economists didn’t anticipate.
4D ago 109 Views
8 online
Zhian Chen
Fiona Affleck
Simon Dougherty
hemal anadkat
and more ...