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Despite the fact most housing market reporting has centred on Sydney, it's the Melbourne market that's really benefiting from low rates, according to new research.
Properties in the middle to outer ring suburbs of Australia’s biggest cities are practically ‘walking out of the door’ as soon as they’re listed, according to new statistics from CoreLogic RP Data.
The RBA defied market expectations and decided to keep the cash rate steady at 2.25%. The decision came after the previous rate cut decision saw a strong response from homebuyers, particularly in Sydney and Melbourne.
The Sydney and Melbourne property markets are seeing substantial growth, but where does this leave the rest of the country?
Rising house prices and increasing household debt have combined to make Australia at risk of an overvalued property market, according to Credit Suisse.
Melbourne looks to be overtaking Sydney in Australia’s population race.
Sales for the new housing sector have sky-rocketed, according to a survey of Australia’s largest volume builders.
Variable rates are back in vogue, while fixed rate demand has fallen to a two-year low after dropping for the fourth consecutive month.
After a ‘quieter year’ in 2014, Domain Group’s senior economist Andrew Wilson believes the Melbourne market is off to a strong start in 2015.
The proportion of properties which made a loss on resale decreased in the December quarter, according to CoreLogic RP Data.
Only 5.4% of suburbs in Sydney are within reach for buyers with a budget of $500,000 or less, according to new research.
Suburbs in South Australia, New South Wales and Victoria have come out on top in attracting the most buyers from around Australia.
Despite booming prices in the property market, first home buyer confidence has risen to a record high.
Think everybody is benefitting from interest rate cuts? Think again.
Keeping great tenants satisfied can save you a stack of time and money. Here’s how to do just that.
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