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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) ....
Levi The Kiwi Mitre 10 worker who wants to trade red clay tomato for house 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.
Australia s property market has recorded its strongest rise in almost five years with the average price of a residential home now more than $720,000. New figures released today from the Australian Bureau of Statistics (ABS) found residential property prices rose in all capital cities in the December quarter of 2020. The total value of Australia s 10.6 million residential dwellings rose by $257.9 billion to $7.7 billion in the December quarter 2020. The mean price of residential dwellings in Australia is now $728,500. READ MORE: Crowds take in the action during a property auction at 7 Finlays Avenue, Earlwood, conducted by Auctioneer Tom Papas.(James Alcock/NINE MEDIA) The rise in property prices is consistent with a range of housing market indicators, ABS head of prices statistics Michelle Marquardt said in a statement. ....