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May 2014

May 8, 2014

Tiny house with big price tag

Is this the world’s smallest house?

It doesn’t really have any bedrooms, but there is a separate toilet and room outside to park your boat and trailer.

The hut at Shaldon Beach in Devon in the South of England, comes with a price tag of close to $400,000.

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May 8, 2014

Sydney rental availability may hit crisis point

Vacancy rates across Sydney are verging on crisis levels, according to data released by the Real Estate Institute of New South Wales (REINSW).

The March 2014 REINSW Vacancy Rate Survey saw the numbers of properties for rent across Sydney drop 0.3 per cent at 1.4 per cent.

“We haven’t seen vacancy rates right across Sydney this low since November 2011,” REINSW president Malcolm Gunning said.

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May 8, 2014

Property price growth slows throughout Australia

The latest RP Data-Rismark April hedonic home value index reveals dwelling values across Australia’s capital cities rose by just 0.3 per cent in April.

Despite this Sydney’s median house price has broken the $800,000 barrier for the first time.

Tim Lawless of RP Data said the rate of growth in values had slowed in April, following strong increases in March and the first quarter of the year.

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