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Buyers are turning to new residential communities to get a foothold on the property ladder.
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Five Australian cities in the top ten of JLL’s Investment Intensity Index in Asia Pacific, with Sydney leading.
Melbourne's median house price is now almost $730,000.
Australian property provides security and prestige, as well as access to homes and land that simply don’t exist in China.
"Current demand for property, auction clearance rates and market depth do not indicate a major market correction is on the horizon."
REIWA finds sales turnover was down by 14 per cent on the previous quarter, and there is a high number of listings offering buyers plenty of choice.
Sydney’s red hot auction scene has cooled lately and this could be telling.
"The inner city is still showing signs of supply slowly entering the market place."
Propertyology conducted a study to compare the historical property market performance of each of Australia’s 550 local government authorities between 2000 and 2014.
There are about 1000 Sydney homes set to be auctioned this Saturday.
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