What can you buy around the country for the $797,000 median price of a Sydney apartment?
In Hobart, you can buy a five-bedroom house close to the city and with water views for around the same price as a one-bedroom apartment in inner-city Sydney.
Property investors who attempt to self-assess their depreciation claims this tax period instead of relying on an expert quantity surveyor may be placing themselves at risk of missing out on thousands of dollars in legitimate tax savings, says Bradley Beer of BMT Tax Depreciation.
At $310,000, could this be the cheapest property in Sydney's eastern suburbs?
It's bright and sunny, it's freshly painted and has new carpet, it's in Sydney's fashionable inner-city suburb of Paddington. And it's on the market for $310,000.
Sydney, Melbourne, Hobart climb Knight Frank global price-growth index
Knight Frank has released its latest Global Residential Cities Index: Sydney is up from 30th place to 23rd, Melbourne is up from 28th to 24th, and Hobart has rocketed from 77th position to 34th.
Pace of decline in Perth property prices steadied in June quarter
Though 54% of sellers had to lower their asking price in the three months to June, the size of the discount has levelled out at 6.5%, preventing the median price from falling futher.