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The suburbs in Australia where it's cheaper to buy than rent

The suburbs in Australia where it's cheaper to buy than rent
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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More dwellings sell before and after auctions in lockdown

Mortgage Business
More dwellings sell before and after auctions in lockdown
By Malavika Santhebennur
09 July 2021
Properties sold before and after auctions spiked in Sydney and Melbourne during lockdowns compared with the last five years, according to a report.
CoreLogic has released a report on the housing market through pandemic lockdowns, which has revealed that in Sydney, the percentage of properties sold before auction surged to 35.2 per cent for the two weeks ending 4 July, up from 23.1 per cent over the past five years.
This proportion also rose to 28 per cent during stage 2 restrictions in 2020.
Meanwhile, the proportion of properties sold at auctions in Sydney declined from the pre-COVID-19 series average of 44.1 per cent to 32.3 per cent during the 2020 stage 2 restrictions and 36.3 per cent ....

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What Sydney's latest lockdown restrictions mean for first-time buyers about to purchase their home

What Sydney's latest lockdown restrictions mean for first-time buyers about to purchase their home
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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Australia's national dwelling value increases 13.5 per cent in 12 months

Australia s national dwelling value increases 13.5 per cent in 12 months
CoreLogic s monthly Home Value Index rose again last month, taking annual growth to 13.5 per cent for the financial year.
Zoe ZaczekDigital Reporter
July 2, 2021 - 2:30PM
Australia’s property value has continued to soar over the last 12 months with the annual national dwelling value growing by 13.5 per cent.
CoreLogic’s Home Value Index, released on Thursday, revealed the nation saw out the end of the financial year with a median of $645,454 following a 1.9 per cent rise in national home values in June.
Over the last 12 months, the growth in Australian dwelling values was topped by houses which rose by 15.6 per cent. There was a 6.8 per cent annual lift in the value of units. ....

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Property prices boomed 13.5% this year – but momentum is beginning to fade

Australian property prices rose 13.5% nationally over the last financial year.
Darwin, Hobart and Canberra led the country, with prices in all three cities rising by about 20%.
The Sydney market, meanwhile, jumped 15%, with median prices rising by $130,000 in just 12 months.
Australian real estate finished the financial year with a bang, as prices broke records once again.
Prices jumped another 1.3% in June, according to new CoreLogic data, with the market ending the 2020-21 financial year 13.5% higher than it began it.
“This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000’s housing boom was winding down after a period of exceptional growth,” Australian head of research Australia Eliza Owen said. ....

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