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Experts warn Australia's property market slump will further decline | Sky News AustraliaExperts warn the housing market will not rebound until 2020, with indications it will further decline before picking up again. \n\nEconomists are predicting markets will continue to fall, anywhere between 20 to 25 per cent before the Australian property market builds strength. \n\nInternational investment giant Credit Suisse has forecast a 25 per cent peak to trough fall in the Sydney market. \n\n\nImage: News Corp Australia\n\n\n\n\n\n Great news! Quite easy to believe. Feb and we’ve already seen Sydney come off 15%. Highest house hold debit in the world, some of the dearest houses in the world, zero wages growth, Chinese demand has dried up. What took Sydney and Melbourne house values to these levels anyway? overvalued
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian house prices slump, with Sydney recording steepest drop in a decade | Sky News AustraliaAustralian house prices have slumped, dropping 6.5 per cent in 2018. \n\nEconomists say the drop is due to the restricted access to credit with banks being forced to tighten lending standards and slow loan applications. \n\nSydney recorded its steepest drop in a decade last year, with the average house price now sitting at $1.06 million and $702,000 for units. \n\n\n\n\n\n\n So it’s where it should be. In a market with very high transaction costs if prices are falling and you only have one swing at it then you are going to not buy until you think the market has bottomed.
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One property destroyed as bushfires burn across Tasmania | Sky News AustraliaOut of control bushfires burning across Tasmania's central highlands have destroyed at least one property with six emergency warnings still in place across the Central Plateau region. \n\nEmergency warnings have been issued for Tods Corner, Liawenee, Barren Tier and Shannon after a property near Miena was destroyed overnight. \n\nResidents in the affected regions have been told to travel to a safe location if they are not prepared to actively defend their homes. \n\nAn evacuation centre has been set up at Bothwell Town Hall. \n\nImage: Tasmania Fire Service\n\n\n\n\n\n\n
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One property destroyed in Tasmania fires | Sky News AustraliaOne property has been destroyed as out-of-control bushfires burn across Tasmania. \n\nThe property, near Miena in central Tasmania, was confirmed as lost by the state's Fire Service on Tuesday. \n\nOne emergency warning is in place for fires burning across the Central Plateau region.\n\nTasmania is bracing for a run of hot and dry days this week, which will create damning fire weather conditions.\n\nResidents in the effected regions are being told to travel to a safe location, if they aren't prepared to actively defend their homes. \n\n\n\n\n\n\n\n teakinrj To my Republican friends and realDonaldTrump, Tasmania is not in Africa or Europe.
Source: SkyNewsAust - 🏆 7. / 78 Read more »