Prices are expect to jump “overnight” in Sydney’s cheapest areas on the back of first-home buyer stamp duty concessions.
Sydney’s median house price has increased from $646,000 to $1.15 million in five years, and the geography of the harbour city has fundamentally changed.
It’s crunch time for Australia’s booming property markets.
I was stunned to receive the Award of Companion in the Order of Australia on the Queen’s Birthday holiday: a humbling and proud experience.
It was a small admission from the NSW government but it spoke volumes about its changing view of housing affordability.
The Sydney housing boom is anticipated to moderate, but the NSW government has no crash in sight for the property market in their plans.
The aim of the state government’s policy is to give first-home buyers an edge.
Next month Chippendale resident Marcus Higgins may struggle to pay rent for the apartment he’s called home for a year.
The Sydney property market is showing signs of waning in suburbs that were once hotbeds of investor activity.
It’s the last place you would expect to find million-dollar property.