Property market 'looking brighter and brighter' as sales accelerate | Sky News Australia

Property expert Nerida Conisbee says the Australian property market is "looking brighter and brighter every week". Ms Conisbee told Sky News clearance rates are "pretty high," approaching about 80 per cent and strong growth in “premium suburbs” in Sydney is trickling to other areas.

While the sales market is accelerating, the rental sector is grappling with the issue of Airbnb as many tenants do not declare income earned through the service, Ms Conisbee said. “It is an issue, people do need to pay their taxes and it does mess around with rental markets." Image: Getty

😂😂😂😂😂😂😂

Yes but. Local wages aren't going up. consumer confidence is weak. So who's buying? Hopefully some young people are getting into home ownership but how much of this is down to foreign investors, speculators?

Sydney is not Australia folks

🤣🤣🤣🤣🤣 This tweet should age well when we go into the liberals recession next year

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'Economy looking up despite slump in confidence' | Sky News AustraliaWhile confidence languished this week, the economy is looking up overall, financial commentator Peter Switzer told Sky News on Friday. \n\n“I hated the fact that both business confidence and consumer confidence didn’t do well this week,” Mr Switzer said. \n\n“But when you run through the other data, the other data coming out is not bad.”\n\nMr Switzer offered a few trade tips, urging people to invest in the US stock market using the exchange-traded fund IVV, as well as buying into Australian and Chinese markets.\n\nImage: Getty\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »