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House prices in Melbourne and Canberra surge to join Sydney in the $1 million-plus median house price club 9news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9news.com.au Daily Mail and Mail on Sunday newspapers.
Aussie property owners reap huge profits from COVID-induced housing boom 9news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9news.com.au Daily Mail and Mail on Sunday newspapers.
The average Australian property buyer would paid almost $150,000 less if they were in a position to buy five years ago, in just another example of the incredible rise in prices this year. CoreLogic data analysis from five years ago reveals startling increases in the median values of properties in Australia s capital cities, where the middle-priced home has grown in some cities by more than $200,000. In March 2016 the median value â which includes both apartments and free-standing homes â of an Aussie capital city property was $550,000. READ MORE: In 2016, the median value of a property in Hobart was the cheapest in the country at $341,500. Today, that median has slid up to an eye-watering $548,686.(Domain) ....
Australia s booming property market: The graph that explains buyers FOMO crisis The headline figures are startling: month-on-month the price of a median Aussie home is rising at its fastest rate in 32 years. There are now entire generations â this author included â who in their lifetimes have never seen the chance of purchasing the Aussie dream slip away as rapidly. But what s contributing to the electric market where crowds of potential bidders are willing to stand in a once-in-100-year rainstorm to bid for a Sydney semi? READ MORE: The ratio of sales to new listings is tracking about 1.1, implying for every new listing added to the market, 1.1 homes are sold.(CoreLogic) ....
Sydney property prices hit all-time high on back of housing boom It is now more expensive to buy a home in Sydney than in any other time in history. Fresh data from property research firm CoreLogic shows Sydney s property values have eclipsed the stratospheric heights they reached in mid-2017. The median value - meaning the middle price between the most expensive and the cheapest - for all dwellings in Sydney is now $895,933. READ MORE: When excluding units, the new median high for detached homes is a belt-tightening $1,061,229. Units are yet to hit record highs, with the median value for a flat in Sydney sitting at $738,254. ....