Real Estate and Property Market News

Sydney Auctions rose slightly and is set to overtake recent figures from two weeks ago.

The NSW Court of Appeal overturned the right of apartment blocks to pass bylaws that prohibit animals. So pets are now allowed in Sydney apartments.

In Sydney, says the CoreLogic Pain and Gain report, 89 per cent of properties resold for a profit and 11 per cent resold for a loss over the June 2020 quarter.

3 October 2020: The Australian Government announced that an additional 10,000 First Home Loan Deposit Scheme places will be provided from 6 October 2020. This is to support the purchase of a new home or a newly built home. This includes Marsden Park, NSW 2765. More information will be available on the NHFIC website from Tuesday 6 October 2020.

Marsden Park is an ideal neighbourhood to live in and offers K–12 [kindergarten to 12th grade] learning in both Public and Private schools. This caters for the educational needs of the growing community and its surrounds. This also includes high quality early education and care for children 6 weeks to school age.

Marsden Park is a suburb in the Blacktown local government area 49 kilometres north-west of the Sydney central business district, in New South Wales, Australia. It's part of the North West Growth Area. With up to 10,300 new stylish homes it has local amenities close to transport options. Its stylish new homes are in a brilliant location where you can escape the inner city hustle and bustle rush but still close enough to everything you need.

The Reserve Bank of Australia governor Philip Lowe confirmed in a Media Release 1 September 2020 that official rates would remain at 0.25%. This is expected to boost buyer activity despite the economic fallout caused by the coronavirus pandemic. At its 1 September monthly meeting, “the Board decided to maintain the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. It also decided to increase the size of the Term Funding Facility and make the facility available for longer”

Coronavirus has hit Melbourne’s property values harder than any other capital city in the country.

Sydney dwelling values have recorded their first month-on-month decline in almost a year.