Perth’s rental market surges, but experts wary of RTA review
By Fergus Halliday
21 July 2021
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Ahead of an impending review of tenancy laws, Perth’s vacancy rate has recorded its highest monthly increase since April 2020.
With PerthPerth, TASPerth, WA’s vacancy rate and rental listings rising, the REIWA suggests that there is light at the end of the tunnel for property investors.
According to the REIWA, Perth’s vacancy rate rose 1.2 per cent in June 2021.
This figure represents the highest that the vacancy rate for the Western City capital has been since August 2020, and the biggest month-on-month growth since April 2020.
Sydney’s prime property outpaces forecasts to take top spot in global rankings
By Fergus Halliday
21 July 2021
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Double-digit growth has put Sydney well ahead of the rest when it comes to luxury real estate.
Like the rest of Sydney’s property prices, the prime real estate market has continued to rise in 2021.
According to new research by Knight Frank, Sydney actually outpaced earlier expectations for growth by more than double their original expectations.
Back in December 2020, the firm predicted that Sydney’s prime real estate would rise 3 per cent in 2021. Six months later, they’ve bumped that up to a forecast of 10 per cent.
Bring-your-own-bathroom Auckland property sells for $2m
By Fergus Halliday
20 July 2021
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Despite the new measures introduced by the New Zealand government, the ‘DIY nightmare’ genre has maintained its strength.
A villa in the Auckland suburb of Grey Lynn has fetched a price tag of over NZ$2.07 million over the weekend.
Despite missing several walls and a bathroom, the real estate agency responsible for the sale described the three-bedroom property as “the most affordable character entry to home ownership available in Grey Lynn”.
“Zoned for single house zone under the unitary plan, you can rest assured the investment you are making here in the beating heart of Grey Lynn will be well rewarded and sought after by future owners preferring a character-filled neighbourhood rather than urban intensification on their doorstep,” the listing for the property read.
Is a post-lockdown surge on the horizon for Sydney’s property sector?
By Fergus Halliday
20 July 2021
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What can Melbourne tell us about the lockdown’s impact on Sydney’s property market?
Real Estate industry experts predict that Sydney’s lockdown will be a little more than a speed bump for a hot housing market.
With case numbers remaining stubbornly high, Sydney’s latest lockdown is at present expected to last until the end of July 2021.
While in-person auctions and traditional open houses aren’t taking place in the “Greater Sydney area” during this period, exemptions to the current COVID-19 health orders remain in place for one-on-one inspections and online auctions.
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