Homeowners in Sydney’s western suburbs are the most financially stressed across the city with as many as 500 households at risk of falling behind on their mortgage, credit bureau Illion predicts. The data shows that around 0.63% of home loans were more than 30 days overdue in December, which is expected to rise to 0.66%Read More
Sydney’s sea and tree-change movement is seeing the population in its once-popular eastern suburbs shrink as locals flock north in search of a more affordable lifestyle. The latest Census data, analysed by the Sydney Morning Herald, reveals that the population of Byron Bay jumped 15% in the 5 years between 2016 and 2021, which isRead More
Sydney is home to some of the most expensive properties in Australia, if not the world, and its notoriously robust real estate market has remained impressively resilient against the coronavirus pandemic, with prices even jumping by as much as 24%. And 2022 was another significant year for Sydney real estate. Despite property prices cooling fromRead More
As property prices fall across the country the number of sellers making a profit on their property sale continues to slide, with some suburbs and property types taking a downward trend quicker than others. Recent CoreLogic data shows that the number of properties selling at a loss has increased sharpest in Sydney and Melbourne. WhichRead More
Prices in Sydney’s property market surged over the pandemic era as cheap borrowing saw buyers flock to snap up properties at a time when supply was scarce. It was the suburbs with a clear lack of available properties to buy where prices rose the most rapidly. It’s a different story for Sydney’s property market inRead More
