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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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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 to 2020. Part of the World Square complex. Designed by Nation Fender ...
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]
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As at 2002, Wolseley Road was the most expensive residential road/street in Australia with 16 of the top 100 most expensive houses in Sydney being located on it. [1] Property writer Cindy Martin calculated in 2002 that the total value of the properties on the one-kilometre waterfront section of Wolseley Road was worth, in total, $720 million. [2]
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