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Sydney and Melbourne have seen the largest price increases, with house prices rising 105% and 93.5% respectively since 2009. These massive increases in house prices coincide with record low wage growth, record low interest rates and record household debt equal to 130% of GDP.
The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities. [5] When compared with the soaring prices of 2017, the housing prices fell by 11.1% in Sydney and 7.2% in Melbourne in ...
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The Australian Bureau of Statistics recorded an 18% increase in apartment approvals in the greater Sydney region, leading to the development of 78 000 apartments between 2012 and 2015. In 2016, former Planning Minister Robert Stokes (who also approved Opal Tower, announced 184 000 further apartments between 2016 and 2021. [21]
2021 Residential CBD: 115 Bathurst Street Completed in March 2021. [30] Tallest residential building in Sydney from 2021 to 2022 =8 One Sydney Harbour (Tower 2) 230 754 68 2024 Residential Barangaroo: Barangaroo Avenue = 8 Meriton World Tower: 230 754 75 2004 Residential CBD: 85 Liverpool Street Tallest residential building in Sydney from 2004 ...
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The Special Honours Lists for Australia are announced by the Sovereign and Governor-General at any time.. Some honours are awarded by other countries where King Charles III is the Head of State, Australians receiving those honours are listed here with the relevant reference.
Sydney received 8.2 million visitors in 2016, an 11.4 per cent increase from 2015. The main sources of Sydney's tourists were from north-east and south-east Asia. [3] The Vivid Sydney festival, held annually each winter, attracted 1.7 million visitors in 2015–it is the biggest festival in Australia and one of the biggest of its kind in the world. [4]