Local business in Parramatta come together to feed the homeless

“Today I had the opportunity to not only prepare and serve food to the homeless but sit down and talk with many of them. Their stories touched my heart and the joy the got from having someone to chat with overwhelmed me. One lady told me that people look away when they see her in the street and sometimes she can go for days without having a conversation with anyone.”

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Sydney house prices increase by 16.2% over the financial year

Sydney House Prices

Sydney house prices lead the charge as Australian housing values continued to increase throughout 2015 taking the average value across the capital cities almost 10% higher for the financial year. The rate over the second half of the financial year for capital cities was 5.1% compared with the first half which was 4.5%. This highlights the momentum gathered in the housing market during 2015, particularly after the RBA reduced the cash rate to a record low in Australia of 2% , pushing capital gains higher.

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Auction clearance rates at record highs

Auction clearance rates at record highs

This week 2,207 properties went to auction across Australian capital cities and the combined clearance rate was 77.7 per cent. These current auction clearance rates remain at levels much higher than the same time last year when only 65.4 per cent of homes taken to auction were sold. The auction clearance rate for Sydney remains at levels higher than the other capital cities at 83.9 per cent this week.

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