Property Market Update

NSW June 2008

Sydney Houses
The Sydney house market, after a lengthy period of zero or slightly negative growth, finally seems to be showing signs of moving again.  The market is certainly only in the early days of its recovery, but there are enough positive signs to indicate that we have passed the bottom of the slow period, and are moving into a period of renewed market activity.

Number of Sales

Market Update

Selected coastal cities in Australia will reinvent themselves over coming decades as strong population growth and new households trigger a surge in the demand for new dwellings, according to a recent KPMG study on Australian housing.

KPMG carried out the landmark study, Australia on the Move, for the Property Council of Australia to assess future demand for housing across 41 cities until 2031.

The author of the study, KPMG Partner Bernard Salt, said it provides crucial insights into what the future could hold for some key seachange cities.