Page 194 - Corelogic News Today

Gippsland-South West in Victoria, South Coast and Inverell in NSW, and West Coast in Tasmania are now offering buyers plenty of options, according to Suburbtrends.

'There was a lot of local interest.'

The once-humble granny flat is now big business, touted by some as a solution to the current shortage of affordable housing. But some are urging caution.

Many Americans are sitting on substantial amounts of home equity that they can tap into. But is it a good idea?

Australian property prices could climb as much as 7.7 per cent this year, a survey shows, and then advance a further 4.5 per cent next year.

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market, are now essentially treading water in an environment of high interest rates, approaching 8%; high home prices; and a dearth of home-purchase inventory.

Archistar, Blackfort and Corelogic have identified 655,000 potential sites in Sydney, Melbourne and Brisbane for granny flat development

TPG Telecom chairman Canning Fok’s Hong Kong home cost about $70 million in 2006, so this one was somewhat humble in comparison.

Research identifies 655,000 suitable homes, including 17.6% of all metro properties in Sydney and 13.2% in Melbourne

There are hundreds of thousands of possible sites for granny flats in Australia's biggest cities as they struggle...