Business
Unit prices rise in Australia’s ‘international’ cities, despite rental slump – ABC News
Apartment rents have tumbled in parts of Australia’s largest cities – yet prices are rising. Property experts say affordability issues are at play, with the gap…
While property prices are rising almost everywhere you look, apartments in Australia’s two largest cities have under-performed on nearly every measure.
Key points:
- Darwin (+14.3pc) and Perth (+11.7pc) unit rents have surged in the past year
- Sydney (-4.9pc) and Melbourne (-8.2pc) unit rents suffered the biggest falls
- The gap between house and unit prices is widest in Sydney ($357,000), compared to other capitals
Record low interest rates, not as many properties for sale (compared to previous years),…
Continue Reading
-
Noosa News23 hours agoBrisbane crowned Australia’s top sports city; Back to the future on water taxis for the Brisbane River; Schoolies safety push after methanol poisoning
-
General11 hours agoMore buses without dedicated lanes likely after Gold Coast light rail plan scrapped
-
Noosa News23 hours agoKoala vaccine breakthrough to combat deadly chlamydia
-
Noosa News22 hours agoImagine takes over Noosa foreshore