According to Financial Review, Sydney’s housing market surged 57% over the past four years. CoreLogic RP Data also shows that only in May 2016, Sydney’s housing market rose as much as 3.6%. However, in the first half of 2016, bank loans, interest rate and federal investment policies have been slightly changing, especially NSW Treasurer Gladys Berejiklian has announced that the June 21 NSW Budget will include the introduction of foreign investor surcharges on stamp duty and land tax on residential real estate.
For a family, a good house is a haven full of love, while for an investor, it is an asset with consistent yield. With more international buyers snapping up Australian properties, Australia’s property market, especially Sydney’s market, is booming. Sydney’s housing market is like an express train, hop on to keep up the pace or wait for the next one?
Goldmate Group and UHome Australia invites you to come to discuss the answer on June 25. Popular property expert writer Da Wu, the author of the first Australian properties investment guide in Chinese- The Stories in Australian Property Market, will analyse and compare advantages and disadvantages of the current property markets in Australia.