Housing News Digest
Housing News Digest
The Tenants' Union Housing News Digest compiles our pick of items from all the latest tenancy and housing media, sent once per week, on Thursdays.
Below is the Digest archive from November 2020 onwards. From time to time you will find additional items in the archive that did not make it into the weekly Digest email. Earlier archives are here, where you can also find additional digests by other organisations.
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Archive
Melbourne apartment building rates ‘to fall off a cliff’
Noel Towell The Sydney Morning Herald (Paywall)Apartment building in Melbourne is set to plummet, with a respected property research company tipping the number of units completed across Victoria to plunge from more than 16,000 this year to just 800 in 2024.
https://www.smh.com.au/politics/victoria/melbourne-apartment-bui…
# Australia, Rent, Housing market.Sydney’s 8.5% quarterly house price rise largest in three decades
Michael McGowan The Guardian (No paywall)Sydney’s property market has recorded its largest quarterly increase in almost three decades, with the median cost of a house in the emerald city now a staggering $1.31m.
https://www.theguardian.com/australia-news/2021/apr/29/sydneys-8…
# NSW, Housing market.Sydney property owners test market with ‘unrealistic’ prices
Sue Williams Domain (No paywall)With Sydney property prices rising so rapidly, and stock on the market so tight, a number of “opportunistic” sellers are trying to cash in on buyers’ desperation to find a home.
https://www.domain.com.au/news/sydney-property-owners-test-marke…
# NSW, Home ownership, Housing market.Selling your house without an agent is doable but what exactly does it take?
Jennifer Leake and Edwina Seselja ABC (No paywall)Australia's property boom is keeping real estate agents busy, but could you buy or sell a property without one? Brisbane man Philip, who did not want to use his surname, thought as much and sold his Fairfield home without an agent.
https://www.abc.net.au/news/2021-04-28/-selling-property-without…
# Australia, Home ownership, Housing market, Landlords and agents.City of London aims to deliver at least 1,500 homes using empty office space
Lucie Heath Inside Housing (Paywall)The City of London has set a target to deliver at least 1,500 homes over the next decade as part of its post-pandemic plan to use vacant office space.
https://www.insidehousing.co.uk/news/news/city-of-london-aims-to…
# International, Coronavirus COVID-19, Housing market.Sydney house prices soar to record median of $1.3m after fastest quarterly rise in 28 years
Tawar Razaghi Domain (No paywall)Sydney house prices have soared to a record-breaking $1,309,195, rising more than $100,000 in the first three months of this year, new figures reveal, the fastest quarterly gain in almost 30 years.
https://www.domain.com.au/news/sydney-house-prices-soar-to-recor…
# NSW, Housing market.Sydney, Melbourne, Brisbane, Adelaide, Canberra, Hobart house prices at record high
Adrian Lowe Domain (No paywall)House prices in six capital cities have hit dizzying new highs, with two cracking through major barriers and prices in another poised to do so within three months.
https://www.domain.com.au/news/sydney-melbourne-brisbane-adelaid…
# Australia, Housing market.National house prices reach record high of $899,509: Domain
Euan Black The New Daily (No paywall)National house prices grew at their fastest pace in almost 18 years over the March quarter, according to property listings site Domain. The national median rose by 5.7 per cent over the first three months of the year to reach a record of $899,509 – up 10 per cent on the same time last year.
https://thenewdaily.com.au/finance/property/2021/04/29/house-pri…
# Australia, Housing market.