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Summary
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Sydney Egging On National Growth
In an article for the website Your Investment Property, Phil McCarroll writes that the property prices in Sydney are growing resiliently. It is not time yet to entertain thoughts of a ‘bubble’ though. Sydney’s Residential Property Price Index (RPPI) has risen by 3.1% in the March quarter and 13% over the last year. Detached dwellings…
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May Witnesses Fall in Home Values
In an article for the website Your Investment Property, Phil McCarroll writes that May 2015 has been that rare month when the prices of properties have actually come down. The fall of 0.9% may however remain a one-off incident. Possibly, the fall in home values in the month of May was a result of price…
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Sydney Registers Steady Vacancy Rate
For two months now, the vacancy rate in Sydney has been less than 2%. In April, the availability rate was 1.9%. It is notable that the availability rate in Inner Sydney came down from 1.9% to 1.7% in April. While Middle Sydney affirmed the trend, coming down from 2.3% to 2.1%, Outer Sydney bucked the…
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Mandalay Fetches $40 Million
An article on the website Your Investment Property talks about Mandalay, a Point Piper property, which has been bought for $40 million. Spread over 1900 square metres, it has been purchased by a Chinese immigrant last month. Bill Webb, the former tobacco executive, had listed the property for $40 million- $45 million. The $40 million…
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Sydney Tops List of Real Estate Performers
In an article for the website Your Investment Property, Alastair Lynn talks about why Sydney and Melbourne are expected to continue their winning momentum in 2015. Sydney is expected to show 10% growth and Melbourne 7% growth in the present year. Falling interest rates will make entry into the property market a lot more streamlined.…
Tagged: sydney property market -
Bank Cuts Rate In Reaction to RBA’s Move
An article on the website The Adviser talks about banks slashing one, two, and three-year fixed rates; thus keeping in tune with the RBA’s cash rate cut (25 basis points). Suncorp Bank declared along the given line, even as it cited that its diversified profile allowed it to offer strong returns to its customers. For…
Tagged: sydney property market
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