Real Estate Survey Sydney

 Hi All! Sydney is one of the most beautiful and most developed cities in NSW. It has stretched beaches, parks, forests, museums, gardens, restaurants, cafes, etc that can enhance your standard of living. If you are planning a house move, look no further than Sydney. The city offers luxurious apartments, units, cottages, million-dollar mansions, and studio apartments. You can find your perfect home in Sydney, NSW. Today,  I am sharing an article on my page to help you know the process of finding an ideal home in the capital of NSW. You do proper research, know your financial status, search for the best location, etc to find an ideal match. https://www.betterremovalistssydney.com.au/how-to-find-your-perfect-home-in-sydney/

 Australia’s downward house price trend will not change despite a new federal Labor government being elected on the weekend, experts say. Economists are predicting the property market will continue to soften despite new policies aimed at helping first home buyers, single parents and low-income earners get into the market sooner and a promise of 30,000 extra social and affordable homes. CBA senior economist Gareth Aird said the policies won’t be enough to soften the impact of rising interest rates and the rising cost of living on Australian households. Read More: https://www.smh.com.au/property/news/there-s-a-new-government-so-what-s-next-for-australia-s-house-prices-20220523-p5anru.html

 A sharp fall in the size of households, as people moved out of share houses or their parent’s homes, helped offset the effect of the collapse of immigration on the Australian housing market, the Reserve Bank believes. In a speech on the property market this morning, the bank’s assistant governor Luci Ellis also noted government programs – including the federal Coalition’s HomeBuilder subsidy – helped to push up prices while she also warned rents in Sydney and Melbourne may rise quicker than expected. House prices soared at their fastest rate in more than 30 years during the pandemic on the back of government support programs and record low official interest rates despite stagnant population growth. House values are now starting to fall while the RBA last month increased interest rates for the first time since 2010. Read More: https://www.smh.com.au/politics/federal/reserve-bank-says-property-market-buoyed-as-households-downsized-20220525-p5aoau.html

 Property values have already fallen by as much as $200,000 in some neighbourhoods, new figures show, as pricey inner city suburbs lead the broader market downturn. Higher-income households tend to hold more debt relative to incomes and can be more sensitive to rising interest rates, CoreLogic research found, even as the broader property market edges down more slowly. In Sydney, house values in Beaconsfield, near Alexandria, have dropped 8.5 per cent in the three months to April, a fall of about $168,000 to a median $1.808 million. Read More: https://www.smh.com.au/property/news/the-suburbs-where-the-property-market-has-fallen-most-20220526-p5aorr.html