Over the weekend, I attended an auction in Bentleigh at 29 McArthur Street. The house was marketed as a knock down or ideal for a complete renovation, so its main value was the land and its position. Bentleigh predominately attracts family buyers. The suburb, which can be found 13km from the CBD ...
I wrote a few weeks ago about housing bubbles and misconceptions commonly associated with the term. A bubble is typically an illusion of economic strength that draws buyers in while masking underlying fragilities. In some areas of Australia, the recent investor-led rally in property prices is concerning ...
A 78 per cent clearance rate was recorded this weekend, which is a robust result based on 837 reported auctions. The current heat in the market is unlikely to dissipate in the near term, as it is being driven by investors who are dominating the playing field at the median price point ...
Pre-election chitchat should have assured sellers – and buyers – that housing values do not typically suffer from federal elections. I think in the current circumstance, a strong Coalition win will be enough to promote a sense of security, and perhaps relief, in Australians, who are not going to suffer a second term of minority rule ...
After last week’s clearance rate dropped from 82 per cent to 79 per cent once all results had been collected, this week’s 75 per cent rate was back in line with the year-to-date trend, which currently sits at 71 per cent. ...
The jury’s out on whether Australia is entering the ‘mother of all dwelling booms’ as Robert Gottliebsen warned in Business Spectator last week. While the construction sector continues to fall short of expectation, the established housing market has moved, most notably in Sydney ...
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