Median property prices highlight affordability pressures
Darling Point is again at the top of the property-price leaderboard, but CoreLogic's analysis of median property prices reveals affordability pressures are growing in NSW and Victoria.
There's been a lot of debate lately about whether it really is tougher for younger Australians to get into the property market. A new survey from ME Bank suggests it is.
"With Australia’s cheapest housing, solid investment returns, and increasingly optimistic outlook, I remain positive on the direction Tasmanian real estate is heading," says REIT President Tony Collidge.
Australians are more likely than residents of any other country to rely on proceeds from the sale of property to fund their retirement, says HSBC's Future of Retirement report.
The Reseve Bank's decision to cut rates to historic lows has been met with broad approval by the property sector, but low stock levels in some markets could cause prices to continue rising strongly.