More than 3,000 properties went under the hammer across capital cities last week.
House prices have risen at their fastest pace in 30 years, according to November sales figures published in The Australian. Dwellings rose 2.7 per cent in Sydney, followed by Melbourne, Brisbane and the Gold Coast.
If they rise any further no one will be able to purchase a property and the Australian dream for most Australians will be gone. Why don’t we stop overseas investment on our properties?
NSW and Victoria home approvals crashing and sky runs a story housing is on a huge recovery, sky will literally run any lie to protect the liberals from their economic vandalism....
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House prices set to rise after auction boom | Sky News AustraliaThe past seven days have been the busiest week for auctions so far this year, indicating that house prices are set for another rise according to corelogicau’s Tim Lawless corelogicau Already hideously expansive. corelogicau nope there about to nose dive! corelogicau 😂😂😂
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Sydney, Melbourne house price surge accelerated in NovemberAustralian home values are likely to reach fresh record highs within months, as Sydney and Melbourne post boom-time price rises and their auction markets run hot. Core logic has said this for a while, but estate agents on the ground aren’t seeing any acceleration or increases? More artificial pumping of a market that the government relies upon to keep the economy artificially chugging along. Australians meanwhile, continue to live on huge amounts of credit and their home equity loans whilst leading the entire world in levels of household debt.🙄 How ppl gunna pay the massive mortage when the economy crashes?
Source: abcnews - 🏆 5. / 83 Read more »
Sydney and Melbourne house values surge on lower interest ratesThe Sydney and Melbourne property markets have driven the biggest monthly lift in national house prices in 16 years as falling interest rates and a shortage of supply combine to drive up values | swrighteconomy
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House prices set to rise after auction boom | Sky News AustraliaThe past seven days have been the busiest week for auctions so far this year, indicating that house prices are set for another rise according to corelogicau’s Tim Lawless corelogicau Already hideously expansive. corelogicau nope there about to nose dive! corelogicau 😂😂😂
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA 'electrified the housing market' | Sky News AustraliaThe Australian newspaper's economics editor Adam Creighton says “the Reserve Banks seems to have electrified the housing market”.\n\nMr Creighton told Sky News all the state capitals advanced in November, and “Sydney saw a 2.6 per cent increase in one month, which is the fastest increase in more than 30 years”.\n\nThe economics editor said it is worth pointing out “the house price increases are based on very low turnover still, and turnover in the housing markets is in a 30-year low”.\n\n“While the three rate cuts don’t seem to have much effect on business investment or household consumption just yet, they certainly have had a big impact on house prices”, he said. \n\nImage: Getty
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Folau and Rugby Australia to settle dispute on Monday | Sky News AustraliaRugby Australia and Israel Folau are meeting at the federal court on Monday to settle a dispute following the rugby players termination earlier this year.\n\nIsrael Folau stirred controversy recently by claiming ongoing bushfires in New South Wales and Queensland were 'God's punishment' for the legalisation of same sex marriage in Australia.\n\nRugby Australia said the ongoing commentary and Mr Folau's refusal to apologise, reinforces their decision to terminate the embattled rugby union player's contract. \n\nEarlier this year, Rugby Australia terminated his multi-million dollar contract after a series of inflammatory posts on social media.\n\nImage: News Corp Australia
Source: SkyNewsAust - 🏆 7. / 78 Read more »