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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 ...
2009: December - Reporting of RE data was questioned by one source: "AVERAGE house prices have been overstated by up to 18 per cent by the real estate industry . . . In September the average house price quoted by the Real Estate Institute of Victoria was $67,000 higher than the official figure, based on preliminary valuer-general data . . "[48]
Median house prices have increased by an average of 8.6% per annum since 1970. [303] [304] The median house price in March 2014 was $630,000. [305] The primary cause of rising prices is the increasing cost of land and scarcity. [306] 31.6% of dwellings in Sydney are rented, 30.4% are owned outright and 34.8% are owned with a mortgage.
Home ownership in Australia is becoming more exclusive. The ratio of the price of the average home to Australians' average income was at an all-time high in the late 1990s. [12] Young people are buying homes at the lowest rates ever, and changes in work patterns are reducing many households' ability to retain their homes. [13]
To the south of Pitt Town is Oakville which had an average house sale price of A$2.1 million in 2017. [29] Finally, to the east of Pitt Town is Maraylya which had an average house sale price of A$1.9 million in 2017. [30] The difference in property price may be a result of Pitt Town's averagely smaller land size compared to the surrounding ...
Officially appointed as NSW Government Archivist in 1888 until 1902 he compiled what became known as the Bonwick Transcripts. These handwritten transcripts of records held in the Public Record Office, London (now The National Archives ) were published in the series Historical Records of New South Wales (1892-1901).