Volatility in Melbourne's high end market
The country’s least volatile market overall is Melbourne, but the trend of greater volatility among expensive homes is most apparent in the city. Price growth for expensive houses and units is much more volatile compared to cheaper houses and units, according to a recent study by real estate advertising portal Domain.
Sydney still the nation's top luxury market
Sydney is still the top luxury market across the nation and remains one of the world’s best-performing cities for high-end real estate despite drops in prices, according to news.com.au.
Falling homebuilding activity cripples GDP growth
Figures from the Australian Bureau of Statistics showed that the drop in residential building activity has hurt GDP growth. The result will also likely lessen the odds of a cut in the next interest-rate decision.
You need someone who is going to tell you the truth
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