Tag #Australian Real Estate

Showing 1 to 12 of 12 results

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Chemist Warehouse Expands Mosman Portfolio with $11.8 Million Acquisition

Chemist Warehouse founders purchased a $11.8 million property in Mosman, Sydney, adding to their portfolio, while another property sold for $16.36 million, showcasing strong commercial real estate demand on the lower North Shore.

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48% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Regional NSW House Prices Surge to Record High

Regional NSW house prices hit a record high of $785,000 in the March quarter, with Lismore leading at 28.6% annual growth due to post-flood recovery; Sydney also saw a 1.7% rise to $1.692 million, driven by buyer confidence.

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36% Bias Score

Reduced Inequality
smh.com.au
🌐 65% Global Worthiness
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Perth Housing Market: Boom Turns to Correction in Outer Suburbs

Perth's 2024 housing market saw double-digit growth in several suburbs, defying logic. However, price corrections are emerging as buyer's agents' influence wanes, raising concerns about the long-term stability of these areas, particularly in the outer-suburb mortgage belt.

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32% Bias Score

Reduced Inequality
smh.com.au
🌐 65% Global Worthiness
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Melbourne Commercial Property Market Shows Distress Amidst Price Corrections

Multiple Melbourne commercial properties are for sale, including a Queen Street office building with a significantly reduced price of \$45-50 million from an initial \$80 million listing, and an East Burwood office building facing a substantial loss in value due to its owner's financial collapse.

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44% Bias Score

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smh.com.au
🌐 55% Global Worthiness
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Victorian Coastal Property Prices Show Wide Variation

Victorian coastal home buyers can find properties under $1 million in towns like Tootgarook, Rosebud, and several on the Bellarine Peninsula, offering a stark contrast to more expensive areas such as Sorrento and the Surf Coast, where prices reach over $2 million; this reflects varying demand and lo...

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44% Bias Score

Reduced Inequality
smh.com.au
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Victorian Property Investor Exodus Amidst Rising Costs

Increased land tax and stricter regulations in Victoria are prompting investors to sell properties, causing a 22.6% drop in new home loan commitments from May to September, impacting rental supply and potentially harming low and middle-income renters.

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52% Bias Score

Reduced Inequality
smh.com.au
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NSW Investors Flood Melbourne's Property Market

NSW property investors are flocking to Melbourne's outer suburbs, such as Tarneit, Hoppers Crossing, and Werribee, to capitalize on lower property prices and strong rental yields following February's interest rate cuts; agents report a significant increase in NSW buyers outbidding local buyers, push...

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52% Bias Score

Reduced Inequality
smh.com.au
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Melbourne Housing Market Shows Regional Divergence After Rate Cut

Despite a citywide rise in house values following a February rate cut, several Melbourne regions experienced declines, with Essendon's median house price falling 1.4 percent to $1,455,000, while Whitehorse West unit prices dropped 2.5 percent to $730,000, indicating varied market responses.

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40% Bias Score

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smh.com.au
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Melbourne's $1.09 Million Property Market Threshold

In Melbourne, Australia, a home valued at $1.09 million or more places an owner in the top 25 percent of the market, comprising approximately 415,000 properties; this range includes both modest renovated homes and multi-million dollar mansions.

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44% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Home Sellers Shift to Private Sales Amid Market Slowdown

Facing a buyer's market, Australian home sellers are increasingly choosing private treaty sales over auctions, a trend fueled by high interest rates and a surplus of unsold properties, particularly noticeable in Sydney and Melbourne where auction listings have decreased.

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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Record $51.5 Million House Sale Exposes Australia's Housing Divide

A Point Piper mansion sold for $51.5 million in March 2024, exceeding the price of a typical capital city home by 51 times and the cheapest house by 2,710 times, highlighting the vast disparity in the Australian housing market.

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64% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Surf Coast House Prices Soar, Then Correct

Fueled by pandemic lockdowns, Australian Surf Coast and Bellarine Peninsula house prices soared over five years; Anglesea's median rose 67.4% to $1,467,500, while others exceeded $1 million, but have since seen a market correction due to higher interest rates and taxes.

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48% Bias Score

Reduced Inequality

Showing 1 to 12 of 12 results