News & Events
This Week In Property 16 September 2019
5 THINGS YOU NEED TO KNOW THIS WEEK - 16 SEPTEMBER 2019
Your quick guide to all the key stories from the property industry this week.
- Sydney’s property prices have risen 2 per cent since the May election, according to CoreLogic. Economist Stephen Koukoulas has tipped that by the end of 2021, prices will have risen by up to 20 per cent.
- Sydney preliminary auction clearance rates dipped slightly over the weekend, but are still above 80 per cent.
- Official interest rates are being tipped to fall at least once more before the end of 2019, following falls in consumer sentiment in August and September.
- First home buyers currently make up nearly 30 per cent of the owner-occupier market according to the Australian Bureau of Statistics. This ratio is the highest it’s been since 2012.
- The ABS has also revealed home lending jumped by 5.1 per cent in July. There are also more investors coming back into the market; investor lending increased by 4.7 per cent in July.
Now is the perfect time to speak with a Thrive Homes Sales Consultant about building your new home, so why not get in touch today!
