Peter Costello issues a wake-up call to young Australians complaining about house prices
1 year, 6 months ago

Peter Costello issues a wake-up call to young Australians complaining about house prices

Daily Mail  

Nine chairman and former treasurer Peter Costello has claimed young Australians are prioritising overseas holidays over saving for a house deposit. Peter Costello, who was treasurer under Liberal PM John Howard, claimed young people would rather spend money on travelling than saving for a house How long it takes to save for a mortgage deposit SYDNEY: 14.3 years in a city with a median house price of $1,253,759 MELBOURNE: 11.4 years in a city with a median house price of $907,220 BRISBANE: 10.1 years in a city with a median house price of $781,881 ADELAIDE: 10.8 years in a city with a median house price of $697,909 PERTH: 7.7 years in a city with a median house price of $599,240 HOBART: 10.8 years in a city with a median house price of $692,361 CANBERRA: 9.6 years in a city with a median house price of $946,463 DARWIN: 6.5 years in a city with a median house price of $573,534 Source: ANZ-CoreLogic Housing Affordability report released in May 2023. Mr Costello said young people were hitting milestones at a slower pace than their predecessors as they expected to live longer and have at least four different jobs Reserve Bank of Australia Governor Philip Lowe on Wednesday warning record immigration would only push up rents and house prices, with 400,000 new arrivals expected this financial year Economist Saul Eslake, who has long been a critic of government-funded first home buyer grants, said unaffordable housing was undermining the living standards of coming generations. That is less than half Sydney's median house price of $1,253,759, even after a fall of 12 per cent in the year to April, CoreLogic data showed. Sydney's median house price of is $1,253,759 and a borrower needs a 20 per cent deposit of $250,752.

Australia City Interest Rates Price Young Young People House Cent Melbourne Sydney House Prices Deposit Australians Median Mr Costello Younger People Costello Peter Costello Young Australians  median  deposit  costello  prices  peter  australians  city  issues  young  price  australia  dont  wakeup  complaining  house  cent

History of this topic

Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth
4 weeks, 1 day ago

Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth

ABC  

House prices in Sydney and Melbourne are set to decline further in 2025, while Perth is likely to experience the strongest growth among Australia's capital cities, according to SQM Research's latest Boom and Bust Report. City 2025 housing price forecast Perth +14% to +19% Brisbane +9% to +14% Darwin +5% to +8% Melbourne -5% to -1% Sydney -5% to -1% …

Three generations of this Melbourne family tells a story about Australia's soaring house prices
1 month ago

Three generations of this Melbourne family tells a story about Australia's soaring house prices

ABC  

When Neil Cornish was a young boy in the 1950s, he and three friends built a model village in the backyard. The first home they looked at was a "beautiful" little house in Mulgrave, in Melbourne's south-east. By 2003, when Megan and Damian bought, around 35 per cent of an average household's income went on home loan repayments. In 2003, …

Why house prices are starting to fall
1 month, 3 weeks ago

Why house prices are starting to fall

ABC  

Sam Hawley: All focus this week will of course be on the US election and we'll be bringing you plenty of coverage. I mean, you know, what we've seen on a longer term perspective back, you know, I don't know, ever since I've been looking at it, you know, since the 60s or 70s, there's always been an ever increasing …

South Australian home prices up thanks to Victorian investors looking avoid land tax increases
2 months, 3 weeks ago

South Australian home prices up thanks to Victorian investors looking avoid land tax increases

ABC  

Investment property owners are selling up in Victoria to avoid increased taxes and buying in South Australia instead, according to real estate agents. Changes hit Victorian landlords Real Estate Institute of Victoria chief executive Kelly Ryan said the taxes came on top of higher minimum standards for properties introduced by the Victorian government, plus rent freezes during the COVID-19 pandemic, …

CoreLogic house price data shows home values still rising but growth is slowing
3 months, 3 weeks ago

CoreLogic house price data shows home values still rising but growth is slowing

ABC  

In what will be disappointing news for first home buyers, Australian house prices have continued to rise over the past month, according to new data. Average dwelling values climbed by 0.5 per cent in August, the 19th consecutive monthly increase in house prices tracked by CoreLogic's Home Value Index. Australia's capital cities were evenly split on house price rises and …

Here's how much you need to earn to afford a mid-range home in your capital city
5 months, 2 weeks ago

Here's how much you need to earn to afford a mid-range home in your capital city

ABC  

National figures show the cost of buying a home is going up. A new report from property data tracker CoreLogic shows the median dwelling values in Australia increased a further 0.7 per cent in June. It has been criticised as unrealistic because housing costs chew up much more than 30 per cent of some people's income, but it still holds …

Extraordinary rise in value of Aussie homes - here are the states with the largest jumps
6 months, 1 week ago

Extraordinary rise in value of Aussie homes - here are the states with the largest jumps

Daily Mail  

The combined value of Australian residential dwellings soared to a record $10.7trillion in the March quarter, according to new Australian Bureau of Statistics data. On Tuesday, the ABS reported that the total value of homes in Australia rose by $209.4billion in the first quarter of 2024, bringing the average home value to $959,300, up $14,300 in just three months. Across …

CoreLogic house price data show Brisbane overtaking Melbourne and Canberra as Australia's second priciest city
6 months, 3 weeks ago

CoreLogic house price data show Brisbane overtaking Melbourne and Canberra as Australia's second priciest city

ABC  

In short: CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year. CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year. However, Brisbane has now become the second-most expensive city for housing in the country, …

Top CEO Matt Barrie exposes the huge problem with Australia that's the 'root of all evil' - and why many young Aussies may have the same grim vision of their future
6 months, 4 weeks ago

Top CEO Matt Barrie exposes the huge problem with Australia that's the 'root of all evil' - and why many young Aussies may have the same grim vision of their future

Daily Mail  

A top CEO has claimed the wildly expensive housing market that successive governments have let run out of control is the 'root of all evil' in Australia. Freelancer.com CEO Matt Barrie said the staggering increase in house prices has led to widespread ramifications for Aussies' finances and the way they view the world. Freelancer CEO Matt Barrie has taken aim …

The Aussie city where it now costs more than $1,000 a week to rent a house
8 months, 1 week ago

The Aussie city where it now costs more than $1,000 a week to rent a house

Daily Mail  

A high-income professional earning $180,000 a year would now be in housing stress renting the typical house in Australia's most expensive capital city, new data shows. Sydney's median weekly rent surged by 10.2 per cent in the year to April to $1,053.56, new SQM Research data released on Tuesday revealed. Mount Colah, 38km north of Sydney, has a median weekly …

Has the great Australian dream of affordable home ownership turned to a nightmare?
8 months, 2 weeks ago

Has the great Australian dream of affordable home ownership turned to a nightmare?

ABC  

Almost everyone recognises the problem. A recent study by the US Federal Reserve Bank of Dallas found that while higher rates since 2021 had made life tougher for home buyers, affordability would have been even worse if rates hadn't risen because housing prices would have risen more. Since the turn of the century, lower interest rates have allowed home buyers …

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000
8 months, 3 weeks ago

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000

Daily Mail  

House prices in Australia's capital cities have surged by up to 20 per cent in the past year as immigration hit an all-time high. In Perth, the median house price has surged by 20 per cent during the past year to $735,276 to still be Australia's most affordable mainland state capital city market, new CoreLogic data showed CoreLogic research director …

Price gap between houses and apartments widens to new record as land values surge in capital cities
10 months ago

Price gap between houses and apartments widens to new record as land values surge in capital cities

ABC  

In short: CoreLogic data shows the price gap between apartments and standalone houses has widened by 45 per cent since March 2020 and January 2024. "It's not like this is just Sydney or Melbourne pushing the numbers around, it's happening across every capital city to some extent," Mr Lawless said. Mr Lawless said the widening gap between house and unit …

Alan Kohler exposes Australia's 'worst financial mistake' - and boomers are the ones benefiting
10 months, 1 week ago

Alan Kohler exposes Australia's 'worst financial mistake' - and boomers are the ones benefiting

Daily Mail  

This video is no longer available This video is no longer available The ABC's finance expert Alan Kohler has described the housing affordability crisis as Australia's worst ever financial mistake. Adelaide, he pointed out, is now Australia's second least affordable capital city when the state's average, full-time salary is compared to the city's median property price. In January, the median …

Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city
10 months, 2 weeks ago

Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city

ABC  

Three capital cities continue to power the national property market, with prices rising by 0.4 per cent in January to start off the new year. Brisbane Monthly change: 1 per cent increase 1 per cent increase Brisbane median house value: $888,628 $888,628 Median unit value: $568,595 It was the pockets on the outer fringe of Brisbane that recorded the biggest …

The one mistake Aussies are making when buying a house - and the things you should be looking for
11 months, 4 weeks ago

The one mistake Aussies are making when buying a house - and the things you should be looking for

Daily Mail  

Prospective property buyers are being told to avoid purchasing something because it is cheap with a wealth expert warning it could cost you in the long run. Pictured are houses in the West Australian town of Coolgardie where houses typically sell for less than $160,000 Property investment expert Brett Warren, the director of buyer's agent Metropole in Brisbane, said buyers …

What the typical Aussie can really afford - and why you might have to move to buy that dream home
1 year ago

What the typical Aussie can really afford - and why you might have to move to buy that dream home

Daily Mail  

An Australian worker on a middle income can now only afford to buy an apartment in a big city unless they moved to a regional area. An Australian worker on a middle-income can now only afford to buy an apartment in a big city unless they moved to a regional area - but it can be cheaper than renting Perth …

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal
1 year, 8 months ago

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal

Daily Mail  

A worrying number of young Australians have given up on ever owning their home, a new survey has found. A Resolve Political Monitor poll published on Monday showed 54 per cent of respondents on middle incomes and 63 per cent in the low income bracket think they will never be able to afford their own home. Sydney's median house prices …

House price falls ease in February with Sydney posting a rise as real estate listings dry up
1 year, 9 months ago

House price falls ease in February with Sydney posting a rise as real estate listings dry up

ABC  

A lack of properties for sale and the first rise in Sydney home prices in more than a year have stabilised real estate values across the nation. Key points: The CoreLogic home price index fell 0.1 per cent nationally in February, the smallest fall since May 2022 Sydney home values rose for the first month since January 2022 Westpac is …

Sydney housing crisis: Newtown home sells in just three minutes - $360,000 above asking price
1 year, 9 months ago

Sydney housing crisis: Newtown home sells in just three minutes - $360,000 above asking price

Daily Mail  

It sold for $360,000 above the reserve price at the auction One family forked out $3.11million for the Newtown house An auction for a Sydney home wrapped in three minutes An auction for an 'unusual' city home has ended in mere minutes and gone $360,000 above the reserve price - showing at least some places appear to be immune to …

Sydney, Melbourne real estate: Why house prices could rise in 2023 even with interest rates rising
1 year, 11 months ago

Sydney, Melbourne real estate: Why house prices could rise in 2023 even with interest rates rising

Daily Mail  

House prices could rise again in 2023 even if interest rates keep going up because rental vacancy rates are tight and immigrants are moving to Australia. House prices could rise again in 2023 even if interest rates keep going up because rental vacancy rates are tight and immigrants are moving to Australia House prices expected to rise again in 2023 …

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation
2 years, 1 month ago

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

ABC  

Australia's median property values dropped 1.2 per cent in October, to $721,018, a figure including both houses and apartments. Adelaide Change: 0.3 per cent decrease in October Adelaide median house value: $706,154 Median unit value: $436,462 CoreLogic data shows Adelaide values recorded a COVID-19 "trough to peak" growth of 44.7 per cent. Hobart Change: 1.1 per cent decrease Hobart median …

The Australian suburbs where interest rate hikes mean house prices are plunging by six figures
2 years, 4 months ago

The Australian suburbs where interest rate hikes mean house prices are plunging by six figures

Daily Mail  

A series of interest rate hikes have caused dramatic house price plunges of $250,000 in wealthy suburbs and the downturn is expected to get worse. The Reserve Bank in August raised interest rates for the fourth straight month, marking the most dramatic increases since 1994 Plummeting median house prices Sydney - North shore - down $250,000 or 8.4 per cent …

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia
2 years, 4 months ago

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia

ABC  

Australia's median property value has dropped by 2 per cent since the beginning of May, to $747,800— a figure that includes houses and apartments, the latest housing data shows. Adelaide: home prices up Change: 0.4 per cent increase in July Adelaide median house value: $705,634 Median unit value: $431,409 Corelogic data shows Adelaide dwellings have recorded a 24.1 per cent …

Australian house prices fall at 'fastest rate' since 2008 financial crisis
2 years, 4 months ago

Australian house prices fall at 'fastest rate' since 2008 financial crisis

ABC  

House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are "likely to worsen" as interest rates continue to rise, according to property analytics firm CoreLogic. Key points: Economists predict Australian house prices could fall between 12 and 20 per cent The median property value dropped 8.5pc during the GFC Rents …

Largest house price correction since 1980 to hit, Sydney and Melbourne set to be hit the hardest
2 years, 6 months ago

Largest house price correction since 1980 to hit, Sydney and Melbourne set to be hit the hardest

Daily Mail  

Australian house prices could plunge by 20 per cent with Sydney and Melbourne tipped to suffer the biggest slide in four decades - as interest rates soared to curb stubborn inflation. Scroll down for video Australian house prices could plunge by 20 per cent with Sydney and Melbourne set to suffer biggest slide in four decades - as interest rates …

Declining Sydney property prices a forecast for the rest of Australia, experts say
2 years, 6 months ago

Declining Sydney property prices a forecast for the rest of Australia, experts say

ABC  

As interest rates rise, Sydney house prices are dropping and experts say it is a "bellwether" for what is about to happen across the rest of the country. Key points: Interest rates are driving the decline in value of Sydney properties The Reserve Bank of Australia increased the cash rate to 0.85 per cent. "If we see interest rates rise …

Melbourne house prices could plunge by $135,000 by end of 2023 as AMP Capital issues forecast
2 years, 6 months ago

Melbourne house prices could plunge by $135,000 by end of 2023 as AMP Capital issues forecast

Daily Mail  

Melbourne house prices could tumble by as much as $135,500 in just 18 months, according to one financial expert. Melbourne house prices could tumble by as much as $135,500 in just 18 months, according to one financial expert Mr Oliver's prediction comes as the Big Four banks issued their forecasts warning the housing market could drastically drop in value by …

Anthony Albanese faces a mammoth challenge with inflation soaring
2 years, 6 months ago

Anthony Albanese faces a mammoth challenge with inflation soaring

Daily Mail  

Anthony Albanese could not stop smiling as he posed for photos with his new ministers outside Government House after they were sworn in on Wednesday. Anthony Albanese could not stop smiling as he posed for photos with his new ministers outside Government House after they were sworn in on Wednesday In Parliament House the mood was downbeat as new Treasurer …

Australia PM defends housing pitch as election looms
2 years, 7 months ago

Australia PM defends housing pitch as election looms

Al Jazeera  

Government plans would allow first home buyers to dip into their retirement savings for a deposit. Australian Prime Minister Scott Morrison has defended his election pitch to allow first-time buyers to use part of their retirement savings to buy homes in a bid to lure younger voters as the campaign entered its final week. Spending more money on a deposit …

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach
2 years, 7 months ago

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach

ABC  

It takes a first home buyer almost 11.5 years to save a 20 per cent deposit for an average priced home. Ms Owen says assuming a 15 per cent property price decline and a mortgage rate of almost 5 per cent "you save on the deposit, but you spend more over the life of the loan". "Assuming a household income …

‘Ridiculous prices’: Australians’ home ownership dreams turn sour
2 years, 8 months ago

‘Ridiculous prices’: Australians’ home ownership dreams turn sour

Al Jazeera  

Some Australians see buying a home as increasingly out of reach after a near tripling of prices in the last 20 years. “If doesn’t put housing affordability on the agenda for the government, I don’t know what will,” Nicola Powell, chief of research and economics at property marketplace Domain Group, said in a recent press release. “We have got ourselves …

Australian house prices keep growing but Sydney posts first fall in 17 months
2 years, 9 months ago

Australian house prices keep growing but Sydney posts first fall in 17 months

ABC  

Australian property prices continued to race upwards last month, but the nation's two biggest cities have started lagging well behind. Key points: Home values rose 0.6 per cent nationally in February according to CoreLogic Brisbane, regional and Adelaide had the biggest increases Sydney prices fell for the first time in 17 months with Melbourne values flat For the first time …

Australia's housing market could crash, warns Rich Dad Poor Dad author
2 years, 11 months ago

Australia's housing market could crash, warns Rich Dad Poor Dad author

Daily Mail  

Rich Dad Poor Dad author Robert Kiyosaki is expecting Australian house prices to crash after rising by the third-fastest pace in history - because of speculation. Rich Dad Poor Dad author Robert Kiyosaki is expecting Australian house prices to crash after rising by the third fastest pace in history - because of speculation Between March 2020 and June 2021, the …

Former treasurer Peter Costello blames Reserve Bank of Australia for house price rises
3 years, 1 month ago

Former treasurer Peter Costello blames Reserve Bank of Australia for house price rises

Daily Mail  

Australia's longest-serving treasurer has blamed the Reserve Bank for the extraordinary surge in house prices across the country. Scroll down for video Australia's longest-serving treasurer has blamed the Reserve Bank for the ridiculous surge in house prices Dr Lowe has since indicated interest rates could rise in 2023 but he ruled out raising the cash rate early to cool an …

Reserve Bank of Australia assistant governor Luci Ellis blames government spending for house prices
3 years, 1 month ago

Reserve Bank of Australia assistant governor Luci Ellis blames government spending for house prices

Daily Mail  

Taxpayer-funded policies have been blamed for the surge in Australian property prices to well beyond what an average income earner can afford. Luci Ellis, an assistant governor on economic policy with the Reserve Bank of Australia, suggested pandemic stimulus measures were responsible, with house values in some coastal areas surging by more than 30 per cent in just a year. …

House prices keep surging in Australia
3 years, 1 month ago

House prices keep surging in Australia

Daily Mail  

Source: CoreLogic data in median house price increases in the year to October 2021 CANBERRA: Up 29 per cent to $985,040 DARWIN: Up 17.1 per cent to $567,056 PERTH: Up 16.7 per cent to $550,044 ADELAIDE: Up 22.5 per cent to $591,558 BRISBBANE: Up 24.8 per cent to $731,392 MELBOURNE: Up 19.5 per cent to $972,659 SYDNEY: Up 30.4 per …

From a 'class divide' to 'intergenerational theft', Australia's real estate frenzy leaves many behind
3 years, 1 month ago

From a 'class divide' to 'intergenerational theft', Australia's real estate frenzy leaves many behind

ABC  

An un-renovated semi-detached home in Bondi sold recently for more than $2.7 million. The "mint original condition", three-bedroom home, up the hill from the famous Sydney beach, provides a window into the extraordinary escalation of Australian real estate prices. "What's really striking is the decline in the home ownership rate among people under the age of 45," says economist Saul …

As home prices soar beyond reach, the government inquiry into supply and affordability may not explain why
3 years, 2 months ago

As home prices soar beyond reach, the government inquiry into supply and affordability may not explain why

ABC  

Never has an inquiry into the skyrocketing price of homes been more urgent. In its submission to the inquiry the Reserve Bank includes a graph showing the supply of housing outpacing population growth for the best part of the decade leading up to the latest price explosion. In evidence to the inquiry last month, Treasury assistant secretary John Swieringa drew …

Perth the most affordable capital city in Australia to buy a house, data shows, as shortage persists
3 years, 4 months ago

Perth the most affordable capital city in Australia to buy a house, data shows, as shortage persists

ABC  

Susannah Morcombe has spent almost a year looking for a home in Perth, without success. Key points: The median time it took to sell a Perth home in the June quarter was 18 days There remains major concern there aren't enough homes to buy or rent It's left potential buyers and struggling families facing tough decisions She is one of …

Price gap between units and houses in Canberra the largest in the country
3 years, 4 months ago

Price gap between units and houses in Canberra the largest in the country

ABC  

The national capital now holds another title: the city with the largest price gap between units and houses in Australia. Key points: Since the onset of the COVID-19 pandemic, ACT house prices have increased more than 20 per cent For every house constructed in Canberra, there are 5.5 units built In June, Canberra's median house price was nearly $880,000, while …

Why Australian big city house prices could stagnate for a DECADE
3 years, 5 months ago

Why Australian big city house prices could stagnate for a DECADE

Daily Mail  

Australian capital city house prices could stagnate for a decade with Sydney bracing for another fortnight of lockdowns. Australian capital city house prices could stagnate for a decade with Sydney living with another fortnight of lockdowns. Property market analyst Michael Matusik, the director of Property Insights, said a very strong run of growth was likely to end next year With …

Budget scheme leaves single-parent homebuyers a choice of one suburb
3 years, 7 months ago

Budget scheme leaves single-parent homebuyers a choice of one suburb

ABC  

It's designed to help single parents buy property, but in Sydney the federal government's plan to let people buy homes with a 2 per cent deposit doesn't leave much choice. The first home loan deposit scheme, which operates in a similar way but with a 5 per cent deposit, has been extended to 10,000 more buyers in 2021-22. In the …

Canberra gains more than a dozen 'million-dollar suburbs' in two years as house prices rise rapidly
3 years, 7 months ago

Canberra gains more than a dozen 'million-dollar suburbs' in two years as house prices rise rapidly

ABC  

If you are trying to enter the Canberra property market and feel it is getting much harder, much quicker — you are right. Key points: The median house price in more than a quarter of Canberra's suburbs now exceeds $1 million Analysts say the ACT's high incomes and a reduced supply of properties are feeding the boo- Soaring prices are …

Sydney's median house prices hit record high of more than $1.3 million
3 years, 7 months ago

Sydney's median house prices hit record high of more than $1.3 million

ABC  

A "rapid" acceleration in price growth, mostly driven by upper-end homes, has seen Sydney's median house price rocket to a new record of more than $1.3 million. Domain's Senior Research Analyst, Nicola Powell said it had been a "rapid acceleration" in prices. "It's the fastest acceleration of house prices over a single quarter since our Domain records began in 1993," …

Domain reveals the cities where rent has surged 15% in just one year and where rents fell
3 years, 8 months ago

Domain reveals the cities where rent has surged 15% in just one year and where rents fell

Daily Mail  

House rents in some parts of Australia have surged by 15 per cent in just one year but in one big city living costs fell. Since the first Covid lockdowns in March last year, Darwin rents have soared by 14.6 per cent, putting its weekly median rent of $550 on equal footing with Sydney. Pictured is a house in Ludmilla …

Why Australian house prices could plunge by 8 per cent in 2022
3 years, 8 months ago

Why Australian house prices could plunge by 8 per cent in 2022

Daily Mail  

Big city house prices are tipped to fall by as much as 8 per cent in 2022 as lending rules tighten and Australia's post-Covid economic recovery loses momentum. Big city house prices could plunge by 8 per cent in 2022 as lending rules were tightened and Australia's economic recovery lost momentum. Pictured are houses at Kellyville in Sydney Key factors …

The 54 Sydney, Melbourne and Brisbane suburbs breaking the $1 million barrier in February 2021
3 years, 8 months ago

The 54 Sydney, Melbourne and Brisbane suburbs breaking the $1 million barrier in February 2021

Daily Mail  

Australia's property price boom shows little sign of ending with 54 suburbs in Sydney, Melbourne and Brisbane surpassing the $1million barrier during the past year. Copacabana on the central coast north of Sydney saw its median house price surge by 68 per cent from $850,000 to $1.425million Copacabana on the Central Coast, north of Sydney, saw its median house price …

Sydney boatshed at Point Piper sells for a record $40 million, ANZ tips 17 per cent house price rise
3 years, 8 months ago

Sydney boatshed at Point Piper sells for a record $40 million, ANZ tips 17 per cent house price rise

Daily Mail  

Sydney's property boom has reached ridiculous levels with a boatshed lacking a house selling for a record $40million. The Wunulla Road property on Sydney Harbour with a pool but no house is certainly Australia's priciest-ever boatshed Suburbs with huge annual price increases Alexandria, Sydney inner south: up 30.6 per cent to $1.9million Clovelly, Sydney's east: up 29.9 per cent to …

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