Sydney’s property market has recorded its quickest turnaround in decades, with house prices rebounding almost $50,000 last quarter, new data shows. Houses prices regained almost one-third of the value lost during the two-year downturn, Domain’s September House Price Report, released on Thursday shows, with the city’s median up 4.8 per cent to $1,079,491. The rapid recovery — four times greater than the
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Lendlease has garnered about $110 million in the sale of two unique Sydney buildings across its Barangaroo and Darling Harbour developments. The distinctive Barangaroo House, leased to Matt Moran and Bruce Solomon’s Solotel business at 35 Barangaroo Avenue on Barangaroo South’s waterfront was sold to a private investor for about $40 million. The lease will
Pyrmont will become Sydney’s next “economic and jobs hub” according to the NSW government, under plans likely to smooth the path for high-rise development after a proposed Star casino tower was controversially opposed by government bureaucrats. Premier Gladys Berejiklian said new planning controls to be developed by the government would see Pyrmont and the precinct
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
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
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
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
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
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
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