What does Sydney's soaring vacancy rate imply?
The Real Estate Institute of New South Wales (REINSW) disclosed on Tuesday that their new research showed vacancy rates have risen across Sydney – a shift that suggests oversupply in the market.
Melbourne's south west properties selling like hotcakes
Melbourne's market, particularly its south west, is alive and kicking as properties up for grabs in the area are being snatched in a much faster rate than last year, according to Real Estate Institute of Victoria’s (REIV) latest Days on Market data.
Annual property price growth slides in June
Some investors were troubled as residential property prices declined 0.7% in the June quarter 2018. This, along with the first yearly drop in property value growth since 2012, was announced by Australian Bureau of Statistics (ABS) on Tuesday.
