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The crazy crowd for a recent auction in Bangalore Street, Kensington. Soaring house prices in almost every corner of the country, buyers overwhelmed with FOMO, not enough stock on the shelves and banks practically giving money away has lead to one of the speediest post-recession recoveries Australia has ever seen. Here are the seven signs that the boom is here and looks certain to stay for some time yet. Home values are rising at lightening speed This Gold Coast cottage earned a $340,000 profit in just six months. Picture: Supplied Spurred on by the perfect storm of record low mortgage rates, improving economic conditions, government handouts and low supply levels, Australia s housing market has seen values rise at the fastest rate in 17 years. CoreLogic is calling it a broadbased boom after crunching the numbers and declaring that dwelling values surged 2.1 per cent in February - the largest month-on-month change recorded since August 2003. ....
Seven signs the housing market is going nuts coffscoastadvocate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coffscoastadvocate.com.au Daily Mail and Mail on Sunday newspapers.
Seven signs the housing market is going nuts tweeddailynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tweeddailynews.com.au Daily Mail and Mail on Sunday newspapers.
'Australia's love affair with property remains': Report realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.
‘Great Australian dream’ of owning a home lives on amid COVID By Bianca Dabu 16 February 2021 | 1 minute read SHARE Most Australian investors and home buyers were largely undeterred by the events of 2020, remaining eager to push through with their investment plans, a new survey has found. Despite having to face the impacts of COVID-19, a majority of Australians remain in pursuit of their dream to own a home, according to the 2021 Buyer Barometer Survey by the Real Estate Buyers Agents Association of Australia (REBAA) and Property Talk Australia (PTA). Of the 745 home buyers and investors from across the country who participated in the survey, only 15 per cent said that they put their search on hold in response to COVID-19, while 9 per cent changed their buying criteria. ....