Adelaide buyers traditionally favour detached housing, but with our ageing population, it’s fair to expect more high-density developments will be required, says Michael McDonald, CEO of Raine & Horne South Australia.
What can you buy around the country for the $797,000 median price of a Sydney apartment?
In Hobart, you can buy a five-bedroom house close to the city and with water views for around the same price as a one-bedroom apartment in inner-city Sydney.
For every property they are marketing, Victorian agents must now provide a fact sheet with comparable sales, median prices, and estimated sale price, under new underquoting laws that come in today.
A feature of the past year has been the diversity of the Australian housing market with the median price in Sydney increasing by 22.6 per cent in the twelve months to September whilst Perth decreased by 5.0 per cent.
