Amid the doom and gloom surrounding the Melbourne housing market, the city’s median sale price crept up last year, according to the Real Estate Institute of Victoria (REIV). These were the top growth suburbs.
New home sales fell by 14.9 per cent in the final quarter of last year, dropping to their lowest level in seven years, according to the Housing Industry Association of Australia (HIA).
Renewed calls for stamp duty reform in the wake of REINSW figures
A report commissioned by the Real Estate Institute of NSW has revealed the top 50 suburbs where the most stamp duty is paid, prompting CEO Tim McKibbin to speak out against the the way the tax is calculated.
The number of home loan approvals fell by 0.9 per cent in November, and economists warn the weakness in the housing market is likely to be felt for some time.
A tenants market: More than 25,000 homes available for rent in Sydney
Sydney renters have twice as many properties to choose from than their Melbourne counterparts after a spike in listings over the December period, new figures from SQM Research reveals.