News

ICITY research team

provide the latest and most reliable information and strategic analysis about Australian property market.
We share our opinion and market forecast on top of our professional consulting service to maximum your return.

  • 20/06/2017
    The first capsule hotel …
    The Capsule Hotel on Sydney CBD’s George Street has 70 self-contained pods that look like something out of a sci-fi series.

    The concept of the small budget, pod-like hotel rooms emerged in Japan in the 1970s for a clientele of mostly businesspeople, and the idea has since spread to America and London.

    At the Capsule Hotel one night’s stay costs between $50 … [ Read More ]

  • 18/06/2017
    ANZ raises interest-only …
    ANZ has today announced changes to its variable rate home loans, targeting borrowers on interest-only loans with rate increases of 30 basis points.

    The news may hit the pocket of those on interest-only loans. However, there was some good news for customers paying both the principal and interest, as ANZ announced it would slash rates by five basis points on … [ Read More ]

  • 16/06/2017
    Australia leaps to the 20 …
    According to Knight Frank's Global House Price Index, Australia house price increased 7.7 percent over the past year.

    The recent jump in price growth has pushed Australia up Knight Frank’s global growth rate rankings: it is now in 20th position, whereas at the end of 2016, it was in 37th place.

    “For the second half year of 2016, the house price had … [ Read More ]

  • 15/06/2017
    How Waterloo is becoming …
    Nicknamed “the 10-minute suburb” by members of a local mothers’ group, inner-Sydney’s upwardly expanding Waterloo is shrugging off comparisons with Manhattan and Hong Kong as it boasts an increasingly family-friendly vibe. 

    Benefit from its ample amenities and excellent location that it takes 10 minutes to CBD by public transport and covers with warehouses, … [ Read More ]

  • 13/06/2017
    Sydney recorded a 12.1 …
    Tracking back the Sydney home auction market, it had witnessed a predictably slow weekend with 407 homes on offer. However, it was still the most auctions ever held over a Queen’s Birthday public holiday. Sydney recorded a clearance rate of 67.1 per cent on Saturday, simultaneously the median auction price of $ 1,160,000, which was 12.1 percent higher than … [ Read More ]
  • 12/06/2017
    New stamp duty policy …
    NSW government has recently published a stamp duty reform to improve housing affordability massively. This policy can save first home buyers up to a total of $ 34,360.

    Some financial experts claim this new exemption policy will support the first home buyer to a large extent. Whereas the shortage of house is still expanding, along with the case of 100 … [ Read More ]

  • 08/06/2017
    Overseas students create …
    Figures from the federal Education Department shows that the enrolments of international students were 15 percent higher than the same time last year. Chinese students still take the major part of those enrolments. Also, there is a massive increase in china's student enrolment sector, which refers to 17 percent. However, not only in Australia but also in … [ Read More ]
  • 07/06/2017
    Real retail sales …
    The ABS said on Thursday that real retail sales rebounded 1.0 percent in April, topping expectations of a gain of 0.3 percent and reversing a revised 0.2 percent fall in March.

    ANZ-Roy Morgan Consumer Confidence increased for the second straight week – up 1.5% to 112.2, bringing the index back to levels before the Commonwealth Budget.

    Households’ … [ Read More ]

  • 05/06/2017
    Sydney has biggest ever …
    Last week,  Sydney set a new record on auctions in June with 789 homes auctioned, and 74.3 percent auction clearance rates. While the median auction price climbs to $ 1,314,000, which is 9.5 percent higher than the same period of last year.

    Sydney might meet its own boosting time. In Sydney 13, 262 homes have been listed for auction since the beginning of 2 … [ Read More ]

  • 02/06/2017
    The supply of house is …
    As of the end of April within the 12 months, the Australian House approval volume is around 114,773 sets, which is the lowest amount since July 2014.

    Although the government has repeatedly stated that it is necessary to improve housing supply, the rigorous and slow approval process has led to the provision of accommodation far behind the population growth. … [ Read More ]

  • 31/05/2017
    SQM founder predicts the …
    A report from SQM Research announced that the Sydney house price has already increased 17.1 percent since last year.

    At the same time, SQM Research managing director Louis Christopher also predicts a bullish Sydney housing market, with forecasts of 11 to 16 percent for the 2017 calendar year – potentially stronger than the results seen in 2016. However, if … [ Read More ]

  • 30/05/2017
    The gap between renting …
    New research has found that, on average, repayments for renters are similar in cost to those of mortgage holders. An analysis carried out by finder.com.au reveals Aussie rent payment is around $1,200 per month; nevertheless, the average mortgage holder pays $ 1,467 per month.

    Bessie Hassan from finder.com.au claims that with the decreasing amount of the … [ Read More ]

  • 29/05/2017
    Australian interest rate …
    A recent report states that the interest rate of all kinds of saving account in Australian bank appears to the lowest position indicating that the interest rate of saving the account, online saving account and dividend account decline to almost a third of the original rate of ten years ago. Similarly, people mostly predict the interest rate will stay at the … [ Read More ]
  • 28/05/2017
    Population of Sydney …
    Official Australian Bureau of Statistics population figures released on Thursday said the population of Greater Sydney, which includes the Blue Mountains and Central Coast, reached 5,005,400 at the end June 2016.

    That was an increase of almost 83,000 on the previous year and the city's fifth largest annual population growth in absolute terms since 1901. … [ Read More ]

  • 26/05/2017
    Sydney recorded a 12.1 …
    Tracking back the Sydney home auction market, it had witnessed a predictably slow weekend with 407 homes on offer. However, it was still the most auctions ever held over a Queen’s Birthday public holiday. Sydney recorded a clearance rate of 67.1 per cent on Saturday, simultaneously the median auction price of $ 1,160,000, which was 12.1 percent higher than … [ Read More ]
  • 26/05/2017
    Auction markets were …
    Auction clearance rate maintained in high position (76%) over May, while the median house price approached to $1,290,000. Importantly though auction volume is similar to last week ( around 836 houses ), it is 200 more than the same period of last year. [ Read More ]
  • 01/05/2017
    How Waterloo is becoming …
    Nicknamed “the 10-minute suburb” by members of a local mothers’ group, inner-Sydney’s upwardly expanding Waterloo is shrugging off comparisons with Manhattan and Hong Kong as it boasts an increasingly family-friendly vibe.

     

    Benefit from its ample amenities and excellent location that it takes 10 minutes to CBD by public transport and covers with … [ Read More ]