04 December 2018 | Daily Top Story: Sydney property price declines tipped to halt next year before plateau and gradual rise, report suggests
Sydney’s falling property prices could come to a halt next year as the market hits a turning point, new modelling shows. House prices are forecast to hit a peak-to-trough fall of 12 per cent by mid-next year, according to the Domain Property Price Forecasts report released on Wednesday. “We’re expecting prices to keep falling in […]
03 December 2018 | Daily Top Story: Strongbuild falls as Frasers Property pulls the pin on a major deal
Prefabrication and lightweight timber builder Strongbuild was placed into voluntary administration at 9 am on Thursday morning, after Frasers Australia pulled out of a contract just two weeks from commencement leaving a massive $6 million gap in expected earnings. Strongbuild managing director Adam Strong told The Fifth Estate that a lending facility that had been arranged as […]
Sydney vacancy rates have risen slightly, according to research from the Real Estate Institute of New South Wales. REINSW President Leanne Pilkington said the October 2018 REINSW Vacancy Rate Survey saw metropolitan Sydney vacancy rates up 0.1 percentage points to 2.9 per cent. “There has been a slight slowing in those seeking rental accommodation […]
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Expectations of a cut to the official cash rate have been heightened after RBA governor Philip Lowe conceded that an adjustment may be “appropriate” to reverse subdued inflation trends and support employment growth. In his address to the Economic Society of Australia, governor of the Reserve Bank of Australia (RBA) Phillip Lowe revealed that the […]