Official results for the end of 2021 from property research house CoreLogic are due on Tuesday, but the daily index shows a rapid deceleration in the property markets in December. Sydney median home values increased at the relatively slow rate of 0.3 per cent over the month, while Melbourne values fell by 0.06 per cent.Stephen McKenzie
Deloitte Access Economics partner Chris Richardson is among experts who say the boom is fast dissipating in the Sydney and Melbourne markets. One of the major factors is the prospect of rising interest rates, with one, two and three-year fixed mortgage rates increasing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
End of the Sydney and Melbourne property boom? Experts tip slow growth in 2022The Sydney property market slowed dramatically in December while Melbourne values fell, prompting experts to call the end of the housing boom in the nation’s most expensive capital cities. JennieDuke Must be a slow news day. When in doubt trot out the self-serving opinions of salesmen whose sole interest is to promote turnover as “experts” JennieDuke You watch. There will be a sudden rush now of calls to make Australia more “culturally diverse”. JennieDuke HOT money all gone.........?
Source: smh - 🏆 6. / 80 Read more »
End of the Sydney and Melbourne property boom? Experts tip slow growth in 2022December can be a quieter month in the housing market due to holidays, but the preliminary price results are a sign the pandemic property booms have slowed melbournerealestate propertymarket Must be a slow news day. When in doubt trot out the self-serving opinions of salesmen whose sole interest is to promote turnover as “experts” Why would price drop, has CCP decided not to buy houses in Australia at any cost?
Source: theage - 🏆 8. / 77 Read more »