Sky News host Alan Jones says “Sydney property prices have defied the COVID-19 doomsday predictions” as “shonkey reports” are being spruiked by alarmists on the issue.
Mr Jones said, “the government have announced significant stimulus packages which has limited the damage”.
He said reports have stated “residential property prices could plummet” by as much as 30 per cent from current highs.
However, “median Sydney house prices surpassed one million dollars in February … and that was only 2.7% behind the 2017 peak,” Mr Jones said.
“The median price in Melbourne was $819,000 … and the median price in Brisbane was not much below that”.
Mr Jones discussed the current state of the housing market with the Managing Director of Ray White Real Estate Dan White who said, “buyers are active in the market (as) they’ve got the opinion now is the time still to invest in Australian real estate”.
“And they’re doing that”.
Source: www.skynews.com.au
When it comes to the features house-hunters and home owners love about backyards, some things never change. Flat, north-facing spaces, for instance, will always be in demand, according to Woodards chief executive Nigel O’Neill. In other ways, however, the things we want from a backyard reflect our evolving lifestyles. Landscape architect Emily Simpson says … Read more
Australia’s housing market hits double-digit growth sooner than expected, with house prices up 10.6 per cent annually to $940,000. Perth, Brisbane and Adelaide lead the surge amid tight supply. Australian house prices rose again in October, confirming that the housing market has regained remarkable strength. Nationally, the median house … Read more