06 Mar Property News Round Up March 6
Here’s the round up of news on Aussie property around the web this week.
This week’s property news basically confirms that it’s not all doom and gloom as the headlines would have us think.
New stock levels, whilst high will not cause the market to crash and recent drops in approvals will see the long-term supply issue remain and prices hold.
What we are experiencing in the Sydney market is that the First Home Buyer incentives are creating a safety net price wise and encouraging more home ownership in general.
Only time will tell but it seems that the thought of Chinese buyers removing themselves from the market creating a bottomless pit for property prices is just not true.
- ABC says that Sydney property prices not affected by new stock, according to a parliamentary inquiry, housing affordabilty may be a while away
- According to The Australian, Money troubles thwart Chinese home-buyers, but they are still flocking to the unit market
- An international perspective from Mansion Global – Australia Continues to Attract Foreign Buyers
- Money Morning asks the question, Is the Australian property market as dire as we’re led to believe?
- Manly tops the list of Sydney beach suburbs attracting overseas buyers
- CBA and Westpac slash fixed rates on key investor products