Tag: House prices
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King Creek, NSW, one of 170 regional property markets to record median price above $1 million
When Nick Slater started selling houses in King Creek on the NSW Mid North Coast a decade ago, a seven-figure price tag was “unthinkable”. Key points: CoreLogic report finds median house prices in nine Mid North Coast suburbs have risen above a million dollars for the first time Regional Development Australia Mid North Coast chief executive Kerry Grace says unattainable house prices ... -
Five charts that show the housing market is set for disaster
This is the highest level on record in Zoopla’s dataset, which goes back to 1959, if you exclude flash points during the 2020 housing market shut down and between 2008 and 2013, just after the banking system’s near collapse. The figures emphasise the strain fast-growing house prices has put on ordinary households. Rising values have ... -
Aussie house prices fall for second month in a row – and the pace of declines is accelerating quickly – Christopher Joye
In what should come as no surprise to regular readers of this column, Australian house prices have declined for a second month in a row in June–and the pace of losses is accelerating sharply. According to CoreLogic’s market-leading daily hedonic index, dwelling values across the five largest cities fell by more than 0.8% in June ... -
House price forecast: prices to go higher as supply crisis continues
U K house prices will climb higher in 2022 than originally anticipated amid the ongoing national supply crisis, according to Knight Frank. The property agent has revised its predictions after quarterly analysis of UK house price growth found the market was taking longer to recover from the distortion of the pandemic and the stamp duty ... -
Falling House Prices And The Elections In 2022 And 2024
Falling house prices tend to be bad for incumbent politicians during reelections. Take, for example, George H. W. Bush. Vice President George H. W. Bush was elected president in a landslide in 1988. The U.S. housing market had been booming for years before that election. The Northeast boomed from 1986 to 1988, and California was ... -
One county in Wales continues to be one of the UK’s hottest property areas
Wales is still the region with the highest average house price increase across the UK, according to the house price index released by the Office of National Statistics (ONS) covering the year-on-year comparison to April 2022. The data indicates during this 12 month period the average house price in Wales has increased by 16.2% to ... -
Serious questions on how renting prices would be tamed
TEHRAN – The president, Parliament speaker and Judiciary chief on Sunday backed a government plan which set limits for increase in rental prices. It set a 25 percent increase in the capital Tehran and 20 percent in other cities. The parliament (Majlis) also approved the general outlines of the plan on Wednesday and specialized parliamentary ... -
Homeowners pocketing more per hour from rise in house prices than they do from work
Shocking new research reveals that people who own houses can earn more from their house price going up than they do from their salary, with prices going up £10 an hour in some regions House price hikes mean properties can earn more than you do ( Image: PA) Homeowners are increasingly pocketing more per hour ... -
Why the electric car revolution is boosting your house price
Electric vehicle infrastructure is relatively well-developed in central London, but in the suburbs the shortfall is acute. While in Westminster there are 2.5 electric vehicles for every public charging point, in Dacorum in Hertfordshire, the ratio is 57. Similarly in Elmbridge, Waverley and Mole Valley in Surrey, the respective ratios are 51, 46 and 45. ... -
House prices in Coventry and Warwickshire have tripled in past 20 years
House prices in Coventry and Warwickshire have more than tripled since the Queen’s Golden Jubilee 20 years ago. Back in March 2002, as the Queen was celebrating 50 years on the throne, the average home in Coventry was worth £69,461. By the time she hit her Diamond Jubilee in 2012, the average price had risen ...