Fall In Jobless Rate To Fuel Higher House Prices
Kanebridge News
Share Button

Fall In Jobless Rate To Fuel Higher House Prices

Unemployment is at its lowest since figure March 2020.

By Terry Christodoulou
Fri, Mar 19, 2021 11:13amGrey Clock < 1 min

Unemployment has fallen sharply over February and is now close to pre-covid shutdown levels.

According to data from the Australian Bureau of Statistics (ABS), the national unemployment rate seasonally adjusted fell sharply by 0.5% over February to 5.8%, the lowest rate since the pre-covid results of 5.2% recorded over March 2020.

Following strong buyer demand in Australian capital cities, with Sydney and Melbourne housing prices rising sharply in the first quarter of the year, experts are tipping lower unemployment figures to fuel higher housing prices.

“A rapidly improving labour market will enhance housing affordability and confidence, adding upward pressure on already strongly growing prices,” Dr Andrew Wilson, Chief Economist My Housing Market said.

All states reported falls in the jobless rate over February with Queensland performing strongest, falling 0.8%. NSW and VIC reported the lowest jobless rates at 5.6%.

“Concerns over the possible significant negative impact on the economy of the tapering of the Job Keeper allowances at the end of this month will also likely to be misplaced – again,” Dr Wilson added.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
On the Market for the First Time, This Hamptons Beach House Is Listed for Nearly $26 Million
By CASEY FARMER 23/04/2024
Property
Retro Kitchens Are Everywhere—and the Ultimate Rejection of the Sterile Luxury Trend
By TRACY KALER 22/04/2024
Property
Australia’s top 10 most affordable regional property markets investors should watch
By Bronwyn Allen 19/04/2024
On the Market for the First Time, This Hamptons Beach House Is Listed for Nearly $26 Million

The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views

By CASEY FARMER
Tue, Apr 23, 2024 3 min

A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.

Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.

Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.

Jaime Lopez for Sotheby’s International Realty

The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.

The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.

Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.

A sunroom overlooks the water.
Jaime Lopez for Sotheby’s International Realty

“The placement and scale of fireplaces throughout the home is perfection,” she added.

A separate dining room has French doors that open onto a deck, listing photos show.

There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.

Jaime Lopez for Sotheby’s International Realty

The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.

“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”

Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Money
How to Handle Making More—or Less—Money Than Your Friends
By JULIA CARPENTER 09/02/2024
Money
Surplus to requirements: Australians are making more energy than we can use
By KANEBRIDGE NEWS 27/11/2023
Money
How to Make Your Phone Last Forever: 6 Simple Tips
By JUSTIN POT 28/12/2023
0
    Your Cart
    Your cart is emptyReturn to Shop