Off-the-plan apartment buyers flee Sydney for more affordable Brisbane, Melbourne Share via Email Share on Google Plus Post on facebook wall Share on twitter Post to Linkedin Share on Reddit

Sydney’s new apartment market hit a brick wall in the September quarter as buyers abandoned the NSW capital for more affordable opportunities in Melbourne and Brisbane, according to property research consultancy Urbis. Urbis’ latest Apartment Essentials report found an 88 per cent slump in Sydney off-the-plan sales over the quarter compared with the same period last year…

Tighter Lending to Impact Property Developers: RBA

The RBA says it’s concerned about the risk to property developers as a result of tighter lending conditions. In his speech, Assessing the Effects of Housing Lending Policy Measures, The Reserve Bank’s Deputy Governor Guy Debelle said the tightening in lending to developers seemed a higher risk to the economic outlook than the direct effect…