New South Wales


Read the latest New South Wales property market news, feature articles, commentary and analysis here.

australian capital territory

WA the only bright spot as detached house approvals fall 0.3% in November: ABS

Building approvals for houses fell in all states except WA, which managed a 6.8% rise in November.

residential

Australian housing still least affordable in the world despite recent improvements: Fitch

Fitch compares housing affordability in 12 housing markets using two different measures.

office

Centuria buys Sydney CBD tower from Stockland for $56 million

The 17 level building, located in the mid-town precinct of the Sydney CBD, is expected to generate a return of 9% in its first year.

developments

Rate cuts having no 'meaningful' impact on residential development sales: Mirvac

Lack of confidence still holding back buyers despite rate cuts by the RBA says Mirvac's Brett Draffen.

residential

Rate cuts will deliver property price growth of up to 7% to some capital city suburbs in 2013

The assumption is that the RBA will dish up further interest rate cuts this year, which should aid more home sales and push up property values.
Samarai riding school falls short of its desired $3 million ...

new south wales

Samarai riding school falls short of its desired $3 million price hurdle

The long-established horse riding school Samarai Park in Terrey Hills, NSW, has sold for less than its $3 million price expectations.
Scott Cam reduces Rosebery rental to $2,900 a week

new south wales

Scott Cam reduces Rosebery rental to $2,900 a week

There's been a rental reduction as Scott Cam seeks Rosebery tenants.
Still 341,784 would-be sellers, but has your capital city sh...

residential

Still 341,784 would-be sellers, but has your capital city shed its property oversupply? A state-by-state SQM analysis

The amount of stock on the market decreased in every Australian capital over the course of 2012.
Victorian government offers bigger carrot to first-home buye...

first home buyers

Victorian government offers bigger carrot to first-home buyers: Government housing incentives in 2013

Victorian first-home buyers purchasing an existing home receive the highest amount of financial support from their state government.

residential

Stable outlook for Australian housing market but no price gains in 2013: Fitch

Fitch expects stable house prices in Australia in 2013, although some areas may still continue to decline.

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    Still room for growth in blue chip suburbs so long as you make good decisions: Mark Armstrong Mark Armstrong
    Much has been spoken about the global property market and that our market will ultimately follow a similar fate and I am always at pains to point out not all property is created equal.
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