It seems that with every new property boom in Australia’s major cities, a new construction craze commences. Around 10 years ago when real estate was going gangbusters, high-rise apartment developers flooded a number of ‘big ticket’ markets with their offerings, most notably across Melbourne’s CBD precincts. Buoyed by the good times when real estate is […]
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Pardon the very obvious pun, but Australia’s housing sector has become increasingly hot property on the international investment stage. And it’s not just overseas purchasers looking to snap up our bricks and mortar who want in on the action. Property portal search engines are proving to be a lucrative little money-spinner in their own right, […]
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There’s no denying that current market conditions in many parts of Australia are proving quite favourable for property vendors right now. Sydney home owners in particular have been delighting in frenzied bidding wars at weekend auctions, while listings have been consistently snapped up for well above guide prices right across the Harbour City for some time. But as with everything, all good things will eventually come to an end. And if you believe the housing bubble hype, ‘the end’ in this instance might be a major price correction in some of today’s particularly heated housing sectors.
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Developed economies across the globe have been clinging to their property markets like a buoy, relying on the fact that housing is an essential commodity of trade and therefore, the most likely to stay afloat when all else is threatening to sink the proverbial financial fleet.
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