Home listings pile up in Sydney and Melbourne amid falling prices
Stock levels are piling up in parts of Sydney as more sellers come to market amid weak buyer demand. Peter Rae Sellers racing to beat the competition – in a falling market already padded by properties that failed to sell in spring last year – have pushed up the volume of residential listings in parts [...]
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Why your clients should refinance their mortgage in January
Experts reveal what makes this month an ideal time to explore refinancing options January presents a strong opportunity for Australian homeowners to refinance their mortgages, according to industry experts, as lenders are typically quieter but still eager to attract business. Historical data shows that January refinancing activity averages just 74% of the typical monthly loan [...]
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House prices tipped to rise 3pc in 2025
An auction in Dulwich Hill, Sydney. Interest rate cuts are likely to have the most impact on Sydney and Melbourne house prices. Steven Siewert Residential property prices could rise by just 3 per cent nationally in 2025, with anticipated rate cuts expected to revive a cooling market, according to property experts and economists surveyed by [...]
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The ‘Australian Dream’ is looking more like an apartment than a house
Toga’s Made Marrickville is one of Place Studio’s most notable projects. Australia is a country obsessed with property. The Great Australian Dream has long been of owning a house on the quintessential quarter-acre block, providing enough space for a front garden and backyard. Achieving the dream was a real possibility for most Australians in post-war [...]
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Best (and worst) housing markets of the year
The Notrella at 142 Wolseley Road, Point Piper, was this year’s top sale according to CoreLogic Units vastly outperformed houses this year and are on track to dominate in 2025 as demand soars for affordable homes amid high interest rates and surging values for freestanding homes, CoreLogic’s Best of the Best report shows. This year’s [...]
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Where price growth for apartments will outpace houses in 2025
This four-bedroom mansion at 69 Wolseley Road, Point Piper, was among the most viewed properties online this year. Apartment values will increase at a faster rate than houses in Brisbane next year, fuelled by surging demand from home buyers priced out of freestanding homes, Domain predicts. And in Sydney, Perth and Adelaide price gains in [...]
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Upgraders dominate the housing market as prices slow
It’s an upgrader’s market with softer prices and more properties on offer. Dion Georgopoulos Upgraders have overtaken aspiring home owners as the most dominant force in the housing market for the first time this year, spurred on by the slowing price growth and rising stock, a new poll by CBRE shows. The share of home [...]
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Why new apartments don’t sell and old ones do
Go slow: developer Pace’s 313-unit project in Melbourne’s Coburg had 72 unsold apartments when it was completed in September. Eamon Gallagher When developer Pace completed a two-tower unit development in Melbourne in September, it had still 72 of 313 apartments unsold. The problem for the privately owned developer was that the apartments it was selling [...]
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House prices fall in 40pc of Sydney suburbs
House prices have dropped by as much as 9.7 per cent in some of Sydney’s premium suburbs as the downturn accelerates. Domain House prices are now falling across two out of every five Sydney suburbs, a five-fold increase from a year ago, and the highest level in 20 months, data from CoreLogic shows. The share [...]
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