APRA measures push investors out, let first-home buyers in
APRA's efforts to clamp down on investor lending are taking effect, with the latest data from the Australian Bureau of Statistics showing that as investor lending declines, first-home buyers are increasing their presence in the housing market.
Auction sales achieved prices that were 0.974 per cent higher on a sunny day, which equates to nearly $11,500, based on the current median Sydney house price of $1,178,000.
Sydney and Melbourne remain in Knight Frank's top 10 for luxury real estate
Guangzhou leads the rankings on Knight Frank's Prime Global Cities Index, but Sydney and Melbourne remain in the top ten - for the tenth consecutive quarter.
Melbourne's best performing real estate: two-bedroom houses
The median price for a two-bedroom house in metropolitan Melbourne is $891,500, more than the median price for a three-bedroom house in the same area, and up 17.1 per cent for the year.
Developer's display apartment for sale, represents the very best of all that ABIAN offers
A display apartment chosen by the developer to represent the very best of ABIAN, with superior fixtures and fixing, spectacular never-to-be-built-out views, and upscaled cabinetry, is for sale.
"The Sydney Auction market took a leap forward this weekend," says John Cunningham, president of the REINSW, with the clearance rate recovering from its plunge into the 50s the previous week.