27 Mar Property News Round Up 26 Mar
The biggest news this week is around the auction record which was surprisingly broken. The pre-Easter week is traditionally a big week for selling, and this week the number of auctions surged.
AFR also attributes this surge to the number of investors being drawn into the market due to recent efforts from the banks.
Australia, the land of the property millionaire?
Amid all this talk of bust fears, it seems we are still a country of property millionaires. Nine Finance puts the numbers together.
However, could this upward trend be reversed in the near future? Your Property Investment mag looks at Gen Y’s reliance on credit contributing to a lack of home ownership goals for this segment of the population.
And finally, is Perth the next Hobart? The west is the latest area drawing interest in property, according to The West Australian.
Have a great week everybody!