With property values starting to improve, astute empty nesters in Darwin are realising that now is the perfect time to downgrade from a spacious family home into a modern apartment.
Ben Peters lives with his parents, and has been saving to buy his own home for more than ten years. Despite a few misses at auction, his home ownership dream remains intact.
In the first three months of 2017, the Tasmanian real estate market recorded its highest number of sales since 2004, according to new data from the REIT.
Where is property price growth strongest around the country? Geraldton, Mermaid Beach, Kew, Karrinyup, and Burleigh Heads, according to Real Estate Investar.
Melbourne’s median house price recorded its fastest pace of quarterly growth since 2013 during the March quarter, smashing through the $800,000 barrier for the first time, according to new data from the REIV.
The Clarence Valley, Newcastle, and Wollongong achieved growth in house prices of almost 20 per cent in the year to March 2017, according to Domain.
The Sydney rental market continues to tighten.
The Federal government is considering limiting the number of properties investors can own, according to media reports out today.
More apartments than houses were built in the December 2016 quarter, the first time 'on record' that this has occurred.
Housing affordability remains a significant national challenge despite the latest HIA Affordability Report showing an improvement in the early months of 2017.
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