Sydney’s prestige home prices set to rise by 10%
Sydney’s luxury home market is poised to outperform all other big cities in the world with prices expected to jump by 10 per cent this year, higher than forecast earlier and despite the current lockdown. Miami came second with 6 per cent projected growth, followed by Los Angeles and Hong Kong with 5 per cent expected price rises.
Mortgage serviceability cheaper than renting on over a third of Australian properties
CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year. The analysis was undertaken at the individual property level, using a set of mortgage assumptions and valuation estimates, to approximate mortgage repayments.
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