News

October 03, 2019

Lane Cove bounces back as buyers return to this family-friendly spot

When Sally Penfold returned to Sydney from a stint in Hong Kong with her husband Bruce Wymond 18 years ago, they set about finding a new home.

Originally from Melbourne, the city was new to Mr Wymond, an engineer and executive director/founding partner of international consultancy the Inhabit Group.

“So when it came to looking for a house he had a few conditions,” Ms Penfold, a health and wellness consultant, said.

“Nature and privacy were the non-negotiable draw cards, after returning from a...

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September 19, 2019

Sydney Fish Market

The Sydney Fish Market will establish a world-class “foodie” destination. The project seeks to set in place an exemplary example of integrating the public realm and contemporary market space that will become a landmark in Sydney’s unique harbour-based urban landscape. The new market will place people at the centre of the architectural response, with an emphasis on place-making to foster a strong sense of community at Blackwattle Bay.

  • Client:Urban Growth NSW
  • Location:Sydney, Australia
  • Size:80.000 m2
  • Collaborators:GXN, BVN, Aspect Studios, WallnerWeiss
  • Status:Completion 2023
  • Program:Market, Retail, Wholesale, F&B

 

Source:...

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September 05, 2019

‘Everything’s starting to sell really well’: Sydney’s auction market hits its stride

Sydney’s property market has gone from strength to strength with auction clearance rates hitting another high.

Almost 80 per cent of properties under the hammer sold at the weekend with clearance rates at 79.9 per cent – up from 74.1  per cent last weekend.

Domain property market research analyst Eliza Owen said steadily rising clearance rates revealed more proof of a strong recovery in Sydney’s real estate market.

She pointed to an increase in the number of properties sold before auction as a sign...

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July 25, 2019

House prices across Australia show signs of recovery, rise in three cities: new report

Australia’s property landscape is brightening, with new data confirming the fall in national prices is easing. 

House prices slipped just 0.4 per cent overall during the June quarter, after a drop of 2.2 per cent in the three months to June, while prices rose in three major cities.

Domain’s quarterly House Price Report, released on Thursday, reveals prices have experienced modest growth in Melbourne, Hobart and Canberra in recent months, and fell less sharply in almost every other capital. 

While the fall in the...

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July 11, 2019

Interest rates set to fall despite house prices going up

The Reserve Bank of Australia is poised to continue with interest rate cuts despite a turnaround in the pivotal Sydney and Melbourne property markets where dwelling values have increased for the first time since 2017.

On Tuesday, the RBA board meets in Darwin for the first time since June 1968, with markets expecting it to follow-up its June rate cut with another quarter percentage point reduction in the official cash rate. Such a move would take interest rates to a new...

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June 27, 2019

House prices across Australia to stabilise by year’s end: Domain report

Australian capital cities are expected to see property prices stabilise by the end of the year, with modest price growth predicted in 2020, new analysis shows.

Following a sluggish start to 2019 – with the financial services royal commission, a slowing economy, investor caution and election uncertainty subduing price growth – recent events are pointing to a change of mood in the latter half of this year, according to the Domain Property Price Forecasts released on Wednesday.

House price forecasts

  2019 (six-month...

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June 14, 2019

Should you borrow more money just because you can?

Hopeful house hunters have ridden the regulation rollercoaster over the past few years, but buyers’ budgets are bound for a boost under a proposed change announced by the banking regulator.

The credit crunch brought on by increased scrutiny on household finances looks set to ease, with the Australian Prudential Regulatory Authority flagging its proposal to relax the interest rate that borrowers are assessed against when applying for a loan.

On top of that, many analysts...

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May 30, 2019

What the federal election result means for the property market

A shorter, shallower property price downturn could be on the cards on the back of the Coalition’s victory at the polls, experts say.

But the long-term prospects for first-home buyers are less certain, with changes to investor tax concessions off the table for the foreseeable future.

Following months of uncertainty about the impact of those tax changes, which had led to greater wariness in the cooling market, experts are becoming slightly more bullish, revising their views...

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May 02, 2019

Predictions for this month’s cash rate call

The latest round of inflation data indicates there’s grounds to cut the official cash rate, but will it go ahead? The head of a national brokerage gives their predictions.

John Kolenda, managing director of Finsure, said that according to recent economic data, which includes low inflation and housing credit, the RBA does have grounds to cut the cash rate down even further from the all-time low of 1.5 per cent on 7 May.

“While I believe it...

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April 18, 2019

Easter Closure!

Happy Easter! 🐣 We will be closed from Friday 19th April and re-open Tuesday 23rd April 2019! Have a Happy & Safe Easter Long Weekend Everyone! 🎉

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