NSW Government Comes to Rescue the Property Market
The markets have been thrashed in recent weeks and news about continuing hikes in the cash rate isn’t giving much joy to the property sector either.
The markets have been thrashed in recent weeks and news about continuing hikes in the cash rate isn’t giving much joy to the property sector either.
According to the platform, over the past summer holiday season, Airbnb listings across the WA were searched more than 2.1 million times.
The news caused more of a flurry than the election result — a 0.5% hike in the cash rate! The last time the RBA raised rates by 0.5% was 22 years ago.
Sydney housing values have fallen 1.5% since the beginning of the year.
Still, they remain 22.7% above pre-COVID levels.
Following two years of virtually zero immigration coupled with the biggest property boom since the late ‘80s — the blinkers are off.
Once the election results are in, we can expect a rush to market either way. That’s not to say the whole house of cards cannot come tumbling down.
You can’t have a more one-eyed view of the property market than the economic narrative currently dominating the conversation in Australia right now.
In recent weeks, I’ve been contacted by several owners wanting advice on selling apartments that have lost significant value since construction
The real Great Australian Dream is to own an investment property or two and get wealthy from the so-called ‘capital gains’.
SQM Research released its national vacancy rate data. According to the statistics, rents are ‘exploding’.
Investment ideas from the edge of the bell curve.
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