In the first quarter of 2016, the Sydney residential market has recovered from the low auction clearance results that occurred in the latter quarter of 2015; the lowest auction clearance rate recorded in early December 2015 was 57.5% and has now risen to 71% at the end of March 2016. However, the sign of recovery […]
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Sydney residential auction clearance rate disparity
Posted date: April 22nd 2016 . Author AdminSydney .
Auction rates & clearance rates throughout 2015
Posted date: January 11th 2016 . Author AdminSydney .
The Sydney residential market has once again made headlines, this time in regards to the falling auction clearance rates. In response to the reduction in rates, we’ve seen many news articles speculating the possibility of a bursting property bubble and a moderate growth outlook for 2016. The auction clearance rate is a number that describes […]
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Looking Behind the Headline Figure
Posted date: July 10th 2015 . Author AdminSydney .
Whilst there are a number of houses in Sydney selling for over $1million, and is considered one of the most expensive market to purchase a house in Australia, the headlined median price of $930,000 does not necessarily apply to the overall Sydney market. The headline median price reflected the average price of houses that was […]
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PEXA has revolutionised property settlement
Posted date: November 10th 2014 . Author Gregory Preston .
Buying and selling property electronically is now a reality for Australian Property Lawyers and Conveyancers with Australia’s first national e-Conveyancing network, Property Exchange Australia (PEXA). Today, PEXA launched full functionality in New South Wales, with the ability to complete property transfers online. The introduction of electronic conveyancing in Australia is the biggest industry reform for […]
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Image source: NSW Government
Good news for developers and builders as the NSW Government announces new approval pathways for residential properties
Posted date: October 7th 2014 . Author Gregory Preston .
The NSW Government announced a considerable reduction in the minimum size for housing lots in Sydney’s outer growth suburbs, effective immediately. The standard minimum lot size of 250 square metres will still apply, and where close to transport and town centres lot sizes may be further reduced to 125 square metres (SMH). The Sydney Morning […]
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