Most homeowners who sold their properties in the September quarter would have made a profit but a few cohorts would not have been so lucky.
Buyers’ budgets are being stretched to their limits,but any interest rate cuts next year may change that.
The tech support worker was able to find a more affordable home and a way to save money commuting,but he might not have ended up ahead.
The number of purchases by overseas buyers has slumped,with buyers from China and Hong Kong slashing their spending by a quarter.
Sellers who expect boom-time prices are finding they need to cut back their expectations to meet the market.
More than 3 million medium-density homes can be built nationally,a new analysis shows – but there are hurdles.
Affordability constraints are testing buyers’ limits,even at the upper end of the market,and the steepest drops are taking place in desirable areas.
As the property market weakens and home values fall,some types of homeowners are waiting months to find the right buyer.
Would-be home buyers have been hit by a lose-lose situation since interest rates began to rise and future cuts may not act as previously expected.
High interest rates and affordability pressures are taking a toll on buyers,but not enough to push Sydney property prices lower.
The four-bedroom home sold for almost three times what the fashion designer paid for the cottage in 2009 to a local family who were looking to upsize within the suburb.