Sydney house rents have jumped by 3.9 per cent in the past year, with the eastern suburbs up by 8.3 per cent, new figures show. Sydney house rents have jumped by 3.9 per cent in the past year, with the eastern suburbs up by 8.3 per cent, new figures show. Owning a house costs 30 per cent less … [Read more...] about Good News for Property Owners: Biggest jump in Sydney rents in five years: Domain Group
How things have changed for Sydney’s first home buyers
Analysis First home buyers have been a recurring challenge in Australian politics. They were singled out for assistance in Paul Keating's first budget in 1983 as the government tried to revive the economy after recession. In 2003 Peter Costello ordered a high-profile inquiry into first home … [Read more...] about How things have changed for Sydney’s first home buyers
Reserve Bank of Australia cuts official cash rate to record low 2% at May meeting
The Reserve Bank of Australia on Tuesday cut the cash rate to a new record low of 2 per cent, citing some ongoing economic weakness for its decision. The widely-expected quarter-point reduction, the second in three months, takes lending rates to the lowest point since at least the late … [Read more...] about Reserve Bank of Australia cuts official cash rate to record low 2% at May meeting
Sydney’s population to reach 5 million in a year
Sydney's population is set to top 5 million in the next year, after the city gained a record 84,230 people in 2013-14. The state's ten largest growth areas last financial year were all in the Sydney metropolitan area, as the city absorbed 77 per cent of NSW's population increase. The … [Read more...] about Sydney’s population to reach 5 million in a year
Interest rates on hold – for now. The Reserve Bank has decided to leave official interest rates on hold following its February rate cut.
The Bank cut rates last month following 16 consecutive months on hold reflecting growing concerns over the performance of the national economy. Official rates will remain at the record low of 2.25 percent over March despite recent data indicating a further weakening in the economy. Latest … [Read more...] about Interest rates on hold – for now. The Reserve Bank has decided to leave official interest rates on hold following its February rate cut.
E-Conveyancing. What is it?
Exciting times are ahead for buyers and seller of real property and for the people that work in the Australian property industry. E-Conveyancing has finally become a reality and is going to revolutionise the way that settlements are conducted. National Electronic Conveyancing has been in the … [Read more...] about E-Conveyancing. What is it?