Australia Top 5 For House Price Growth
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Australia Top 5 For House Price Growth

It’s the first time in six years the nation has ranked so highly.

By Terry Christodoulou
Mon, Dec 13, 2021Grey Clock < 1 min

The Knight Frank Global House Price index for the September Quarter showed Australia in fifth place with 18.9% year on year growth — up from 16.4% in the June quarter.

At the end of June, Australia was in 7th place on the index.

Turkey topped the list, recording a 35.5% jump in house prices year-on-year. It is followed by South Korea (26.4%), New Zealand (21.9%),  Sweden (20.3%) and Australia.

The index, which tracks 56 countries and territories,  pointed to global house prices rising with 96% of the markets recorded experiencing positive annual growth.

The value of an average home increased by 9.4% in the 12 months to the September quarter — last year saw a lift of 9.2%.

A total of 46% of the housing markets recorded achieved annual price growth of more than 10%.

Australia hadn’t been in the top 5 of the index since the end of 2015—before a clampdown on lending came in.

“As at Q3 2021, the Australian mainstream market has had eight quarters of uninterrupted positive annual growth, and the market continues to heat up as much desirable stock is in short supply and interest rates remain at historic lows,” said Shayne Harris, Knight Frank Australia head of residential.

“As we move into 2022, we expect Australians to be influenced by further restrictions on lending, an increase in house listings and different considerations about how they deploy their capital as international travel resumes and some elements of pre-Covid life return,” he said.

 

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By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174