Sydney End of the market upswing. Now being constrained by buying and rental affordability, plus low rental yields. Yet, sales demand still exceeds resale supply. New housing supply remains relatively tight.
In the current investment space, there’s been much rhetoric surrounding housing affordability and the ways in which the government will curb investor interest with changes to policy. Listen to the The Smart Property Investment Show podcast.
Sydney’s vacancy rate held steady in April at only 1.7 per cent, indicating there are supply constraints in the rental property market.
Based on the relationship between demonstrated housing demand and advertised stock levels we are seeing relatively more stock available for sale compared to demand for that stock across the capital cities at the moment.
Australia’s richest man says keeping foreign buyers out of the country and other cooling demand measures are not long-term answers to housing affordability.
With many suggesting this is a complete political backflip by the government, the change in approach will have an impact on many Australians – nonetheless real estate businesses [and the people behind them].
The Rentberry app, tipped for launch in Australia later this year, has been slammed by tenant unions as an impending “disaster” for rental prices.
Your Investment Property Tax Experts answer any tax queries you may have regarding your property investments and wealth creation strategies.
The 20% deposit and stamp duty required to buy a house in Sydney is $158,933, based on new CoreLogic data. That’s equivalent to 20 years’ worth of smashed avo.
Councils are set to be stripped of the power to determine development applications above a certain value in a governance shake-up that will mandate the use of independent planning panels across most of NSW.