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Sydney & Melbourne to follow London Markets ?London

At the end of 2016, we reported that the formerly invincible London home market had suffered its biggest crack in years, when home prices plunged the most in six years according to Rightmove. #London #RealEstate #HomeMarket #Mortgage

Asking prices in London dropped 4.3% in December with inner London down 6%. Meanwhile, the most exclusive neighborhoods, like Kensington and Chelsea, recorded even sharper declines at nearly 10% as home buyers migrated to cheaper areas of the city.

While it was unclear what the catalyst was: whether post-Brexit nerves, China’s crackdown on capital outflows, the ongoing depressed commodity market, or reduced migrations by wealthy Russian and Arab oligarchs, what is obvious is that the slump has continued. According to the Royal Institution of Chartered Surveyors, its price balance for the city fell to the lowest since February 2009 last month, plunging to minus 49, which means that a greater percentage of agents reported drops in March.

Closer to home, the Sydney and Melbourne real estate market seem to be at a knife's edge with experts claiming that a property bubble burst is on the horizon.

Call Madhu on 0425 341 086, for expert opinion and advice on the Australian market and the best mortgage suited to your needs.

sydney bubbleSydney ranks fourth among global cities most at risk of a housing bubble, recent research has revealed.

According to the UBS Global Real Estate Bubble Index for 2016, increasing supply and further tax measures to reduce foreign housing investments “may end the price boom rather abruptly” in Sydney.

The UBS Index, which is designed to track the risk of housing bubbles in global financial centres, found that Vancouver topped the index this year, and “bubble risk also seems eminent in London, Stockholm, Sydney, Munich and Hong Kong”.

Last year’s report, which listed Sydney as the third most at risk global city, behind London and Hong Kong, after identifying real estate prices as “overvalued".

This year’s report explained that in Sydney, real housing prices “peaked” in the second half of 2015 after an increase of 45 per cent since mid-2012, and since then prices have corrected by “a low single-digit”.

“The Australian residential market is influenced by a rapidly growing foreign demand (in particular, Chinese), which has tripled in value over the last three years,” the report said.

Overall, the report explained that house prices of the cities within the bubble risk zone have increased by almost 50 per cent on average since 2011, whereas prices have only risen by less than 15 per cent in other financial centres.

“This gap is out of proportion to differences in local economic growth and inflation rates,” the report said. “A change in macroeconomic momentum, a shift in investor sentiment or a major supply increase could trigger a rapid decline in house prices,” the report concluded.

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Median home prices in Sydney($785k) are nearly double those in NSW at $405k.#Sydney #homeowner
Here are the details regarding the deposit required, rent, LVR and more since 2001.
Call Madhu on 0425 341 086 or email her at to understand where you stand and how and where to buy your next home.

NSW 2march 17

The median dwelling price has risen from $525,00 to $785,000 over the last 5 years while the median household income has grown to $93,593 from $75,088. #Sydney #mortgage

Check out the trends over the last few years to understand today's market. Contact Madhu at 0425 341 084 or at to find the deal for you.Sydney real estate 1 march 17