The Premier of NSW, Kristina Keneally does not agree with recent claims by BIS Shrapnel that Sydney will drop behind Melbourne in population within 30 years due to a housing shortage. According to industry experts Sydney’s housing market faces more challenges than Melbourne and has greater chronic housing shortages. A recent report by the economic forecaster BIS Shrapnel claims that, ...

Auction clearance rates are on average around 70% – however Melbourne and Sydney are doing even better than the other capital cities. According to rpdata.com Australian property values were up 2.0 per cent in January and a further 1.4 per cent in February 2010. While first home buyers are rapidly being priced out of the property market, cashed up investors ...