The Eastern states, where the majority of Australians live, will continue to see house prices move higher over the next few years at the very least. After that, they may plateau for a short while before moving even higher yet again.
Is this a great phenomenon? That depends on which side of the fence you sit.
Regardless, anyone with half a brain can understand the policies and market forces that will continue to accelerate prices in the coming decades. So young people in Australia need to decide (and soon) whether of not they want to rent for life.
Sydney’s auction market bounces back
"Sydney’s auction market rallied with a healthy 72.5 per cent clearance rate on Saturday.
By early evening, Domain Group data had collected 162 results from the 215 auctions scheduled.
Domain Group’s chief economist, Dr Andrew Wilson, said it was the highest clearance rate since Spring.
“Sydney’s auction market bounced back with a vengeance recording its best clearance rate since last September,” said Dr Wilson.
Selling agent, Matthew Carvalho of BresicWhitney, said he has seen inspection numbers doing well and thinks it will be a reasonably stable year ahead."
http://www.domain.com.au/news/sellers-on-the-money-on-the-lower-north-shore-20160206-gmna4e/
