Despite the turnaround in housing, it remains a drag from an economic perspective, according to a big bank economist
More than half of all the houses put into auction were from the Victorian capital
However, the conditions in the mortgage market continue to be dull given the soft growth in investor loans
The Reserve Bank of Australia might slash the rates further given the rise in joblessness
The two-year slump in residential construction could be revived by the stable population growth
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The past three months have been underwhelming in terms of commercial sales activity in these two cities
As it turns out, purchasing an Australian property is part of Chinese tourists’ travel plans
Co-working groups are now starting to seize larger office spaces
While buying off-the-plan could ultimately help investors save, there are drawbacks they should not miss
Rising city prices have pushed cashed-up buyers to target regional areas for prime-market homes
Publicly-funded projects are expected to fuel the recovery of the non-residential property-building sector
Economists are predicting two more rate cuts, bringing the official cash rate to an unprecedented level of 0.5%
Industry figures show that there were declines in vacancy rates and asking rents over the month
This could pose a problem given the steady growth of the state's population
But a sustained recovery in the New South Wales capital is unlikely given the current direction overall prices are going
Many property investors tend to think of property investment only in terms of how to get the best out of residential property. However, there is so much more you can do
Market watchers are expecting house prices in these locations to grow over the next months
More homes are taken to auction, returning a stronger clearance rate
The warmer months are boosting the demand for these suburbs