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January 25, 2011 / realestatetrainingau

New Statistics on the housing market for Sydney and Melbourne

Smartcompany.com.au published two very interesting and related articles yesterday about the state of the Real Estate Market in both Sydney and Melbourne.

The first article focuses on a new report that has been released which talks about Sydney and Melbourne being high on the list for the worlds most unaffordable properties, and the second looks at the ever decreasing vacancy rate nationally, and how potential first homebuyers are forgoing the purchase of a home in preference to continuing renting.

Both articles paint a pretty bleak picture as to the affordability of the housing market in both cities, but they both also point out that there could be some flaws in the statistical calculations.

What do you think?  How are the current conditions in the housing market affecting your business?

 

 

 

 

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