Australia is predicted to see the world’s biggest drop in property prices
January 18, 2019
Surely far enough away from the Brexit fiasco, reports on Australian property prices are predicting a jaw dropping decline in value.
Headlines on Finance Nine AU website state: “Australia to see world’s biggest drop in property prices, predictions say”
A reported 11% slump in prices is quoted with Australian suburbs to be hardest hit.
Across the world many popular cities which have seen strong growth of real estate value in recent years are threatened with price falls – Citi Research state that 60 countries could be effected with double digit price slump in real estate with Australia expected to top the charts.
Free title image provided by Pixabay.
You May Also Enjoy
First-time buyer enquiries fall 27% as borrowing costs rise
First-time buyer enquiries a quarter lower than last year as higher borrowing costs put moving plans on ice The gap between housing supply and demand continues to widen as sales slow First-time buyer enquiries are a quarter (27 per cent) lower than last year in the wake of the the Bank of England’s decision…
Read More 
Homes completing on Friday the 13th sell for less
With Friday the 13th fast approaching, new research from Homebuyer.Agency has revealed that homes completing on the supposedly unlucky date have sold for as much as £24,950 below the wider market median, while properties bearing the number 13 have also consistently commanded lower prices. Homebuyer.Agency analysed Land Registry price paid data across England and Wales…
Read More 
Surrey, Herts & Bucks named most exclusive markets
Surrey, Hertfordshire and Buckinghamshire have been named England’s most exclusive new-build property markets outside London, according to new research from UK Property Development (UKPD), with these counties boasting the highest proportions of new homes commanding asking prices of £1 million or more. UKPD analysed current new-build property listings across England using Rightmove data, before looking…
Read More 
Friday the 13th spooks home-movers
Rightmove analysis reveals that people avoid moving on Friday the 13th, despite Friday usually being the busiest day for home moves Analysis of Land Registry data going back to 1995 shows that Friday the 13th is the quietest Friday for home moves The 13th is also the quietest day of the month for home moves,…
Read More 
Section 21 reform divides landlords and tenants
Five months after Section 21 was abolished, landlords and tenants remain sharply divided over whether the reform was necessary, but both sides agree that good relationships and clear communication have the greatest influence on how secure a renter feels, according to new research from LRG. The Autumn 2026 Lettings Report, based on responses from 405…
Read More 
70% of landlords anticipate rent rise due to Autumn Budget
As landlord exodus threatens rental supply The latest research from LegalforLandlords has found that 70% of UK landlords are considering increasing rents following the Government’s latest property income tax changes, while almost half are considering selling properties or reducing their portfolios, raising concerns about the future availability and affordability of privately rented homes. LegalforLandlords commissioned…
Read More