Sydney’s housing market contrasts sharply with towns where prices went from boom to bust

THEIR house prices have crashed after once skyrocketing, but Australia’s worst performing property markets have almost nothing in common with Sydney it seems. The Harbour City property market recently became the subject of renewed attention when numerous indicators showed growth in house prices is slowing, prompting some commentators to warn of a coming crash in … Read more

Australia:The deepening risks in the housing market

House prices surged further in the June quarter, though growth was concentrated almost entirely in Sydney and Melbourne — which highlights the growing risks in Australia’s biggest asset class. Nationally, the house price-to-income ratio reached a new high, reflecting lower interest rates and elevated investor activity. The current scenario appears unsustainable unless income growth picks … Read more