Top 20 most expensive suburbs in Australia. Due to the enormous 11% increase in home values for Australian capital cities over the past year, there are now 437 suburbs across the country with an average property value of $1 million or more.
14 Ways to improve your property on a budget
Whether your planning to renovate a property to make it nicer for yourself and your family to live in, to add value to a property your selling or make an investment property more attractive to tenants, there are many things you can do to improve your property on a budget.
“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.”
Sydney House Prices
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.
Watch the video from Core Logic RP Data for all the latest news on the Sydney Housing Market.
In April 2015 average house values across Australia increased by 0.5%. For the 12 months from April 2014 to April 2015, average property prices across Australia increased by 7.9% . Capital city house value increase for the past 12 months are as follows:
Lowest Interest Rates in Australia’s History
Today the Reserve bank of Australia cut the official cash rate to an all time record low of just 2%, this is the second cash rate cut in Australia this year.
The First Home Owners Grant NSW scheme was established to assist eligible first home owners to purchase a new home, build their own home or purchase a substantially renovated Home, by offering a $10,000 grant. The Scheme applies to new homes only.