Sellers curb expectations as buyers dither
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Fewer vendors are lifting their asking price during sales campaigns as more listings flood the market and worsening affordability spooks buyers, in further signs runaway price growth is easing.
The proportion of Sydney sellers bumping up their asking price mid-campaign has dropped to 9.3 per cent in April, down from the peak of 10 per cent in the previous month.
Despite the lower proportion of vendors hiking their asking price, it remains elevated compared to a year ago and still near multi-year highs.
In Melbourne, 7.8 per cent of vendors raised their asking price – lower than the 8.9 per cent recorded in March.
Rental homes in short supply as city slickers move in
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Rental homes are in short supply across some regional, coastal and outer suburbs in Sydney, Perth and Brisbane, with vacancy rates close to zero, as city slickers move into markets that were already undersupplied.
It is the lifestyle destinations and affordable suburbs where houses to rent are most scarce. An analysis of areas with populations between 30,000 and 130,000 by Suburbtrends.com found vacancies in Manly in Sydney’s Northern Beaches has dropped by almost half to just 1.2 per cent in March, compared with a year ago.
Coastal Cronulla in the city’s south fell by a similar amount to 1.3 per cent. In Sydney’s west, vacancy rates dropped sharply, including at St Marys where they are at 1.4 per cent.
Inside TV starâs stunning rooftop nuptials It was organised in a matter of weeks but an identity and her fiance pulled together an elegant wedding filled with joy.
Celebrity by Pictures Bayleigh Vedelago
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Subscriber only After five years together, real estate agent Fraser Byrne and Seven Network presenter Sammie O Brien tied the knot on December 6 last year. The wedding was held in the chapel at All Hallows School, where Sammie was a student, pulled together in a few weeks when it became clear that key guests and family members, including Fraser s best man who is living in Hong Kong, would be able to be in Brisbane in the lead-up to Christmas. A reception for 100 guests followed on the spectacular rooftop of James Street s The Calile Hotel, with a neutral, stone and green theme. The New Farm couple then honeymooned at Moreton Island.