Tag #Property Prices

Showing 1 to 12 of 48 results

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Australian Property Market Shows Divergence: Double-Digit Price Drops in Select Suburbs

Over the past five years, several Australian suburbs, primarily in Melbourne and Sydney, experienced double-digit declines in property prices, defying the overall market trend; this is largely attributed to oversupply of investor-grade units and rising mortgage rates.

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16% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Auction Market Strengthens Amidst Interest Rate Cuts

Australia's auction market, particularly in Sydney and Melbourne, has seen its strongest performance in two years due to interest rate cuts boosting buyer activity while seller participation remains low, creating a supply-demand imbalance.

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16% Bias Score

Reduced Inequality
smh.com.au
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Australian Housing Market: Overpriced Listings Cause Delays

Nationally, old home listings (over 180 days) in Australia increased by 6.7 percent in August 2024 compared to the previous year, primarily due to sellers overpricing their properties, while new listings decreased slightly in major cities like Sydney and Melbourne.

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24% Bias Score

Reduced Inequality
smh.com.au
🌐 65% Global Worthiness
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Docklands Units Take 37 Years to Double in Value

Docklands units took 37 years to double in median price, from $291,807 in April 1988 to $584,450 in July 2023, slower than the average 27.6 years for other inner-city Melbourne suburbs, due to oversupply of lower-quality apartments built in the 2010s and a lack of amenities.

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44% Bias Score

Sustainable Cities and Communities
smh.com.au
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Soaring Australian House Prices Exacerbate Affordability Crisis

Australian house prices are rising across major cities, reaching record highs in Sydney and other capitals due to a shortage of properties and recent cuts to official interest rates, exacerbating the housing affordability crisis despite a rise in dwelling approvals.

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36% Bias Score

Reduced Inequality
dailymail.co.uk
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Perth Housing Market Booms on Population Surge

Perth's median house price soared by 6.5% to $855,395, driven by strong population growth (2.4%) from both interstate and overseas migration (45,124 net increase), with affordable suburbs under $1 million seeing the most significant gains, particularly those near the city center; this contrasts with...

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48% Bias Score

Sustainable Cities and Communities
zeit.de
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North Rhine-Westphalia Real Estate Market Recovers in 2024

After a 20-year low in 2023, the number of property sales in North Rhine-Westphalia (NRW), Germany, significantly increased in 2024, reaching 113,144 transactions—a 15,000 unit rise—and generating €5.58 billion in revenue, a 16 percent increase from 2023.

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16% Bias Score

Reduced Inequality
theguardian.com
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Londoners' Out-of-Capital Home Purchases Hit Decade Low

Londoners accounted for just 5.3% of house purchases outside the capital in the first seven months of 2023, the lowest proportion since 2013, due to a stalling London market and a return to office work.

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16% Bias Score

Sustainable Cities and Communities
dailymail.co.uk
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Dirty Money Inflates UK House Prices by £3,000

Illicit funds, primarily channeled through shell companies in British Overseas Territories, inflate UK property prices by \£3,000 on average, with London seeing an \£11,000 increase, significantly impacting housing affordability.

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48% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australia's Housing Market Shows More Equality, But Not More Affordability

Analysis reveals that the gap between Australia's highest and lowest priced houses has narrowed from 2.3 times to 1.9 times in the last three years due to higher interest rates and increased competition for affordable properties; however, inequality persists within certain suburbs, particularly luxu...

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44% Bias Score

Reduced Inequality
smh.com.au
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St Marys Properties Sell for \$3.5M, Developer Plans Townhouses

A developer paid \$3,515,000 for two St Marys properties on Saturday, exceeding the \$3 million reserve, and plans to build townhouses for first-home buyers; another property in North Ryde sold for \$2,225,000.

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32% Bias Score

Sustainable Cities and Communities
theguardian.com
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Simultaneous House Price Rises Across Australia's Capital Cities

Australia's eight capital cities saw simultaneous house price increases in the June quarter for the first time in four years, fueled by interest rate cuts and increased buyer demand; however, rising prices in some cities have created affordability issues.

Progress

36% Bias Score

Reduced Inequality

Showing 1 to 12 of 48 results