The year 2019 was "one of the stronger in recent times" for the Illawarra's commercial property market. Tim Jones, managing director of commercial sales at MMJ Wollongong said there was a sentiment that "not everything's going to the open market now - there's a fair bit of off-market activity".
186-190 Lygon Street, Carlton, a former hotel and now commercial office building has sold for $6.8m, the first and only sale on the iconic strip for 2019. The imposing corner freehold was offered as a blank canvass, appealing to occupiers, investors and developers.
If you were to purchase a home today, you’d most likely need to have 20% of the property’s value saved as a deposit to secure a home loan. From January 1, 2020, things may get a little easier if you’re one of 10,000 borrowers eligible for the First Home Loan Deposit Scheme.
National Housing Values Mark Five Months Of Consistent Growth, Taking The National Index Back Into Positive Annual Growth Territory For The First Time Since April 2018.
CoreLogic’s national Home Value Index surged 1.7% higher over the month and delivered the fifth consecutive monthly increase, coupled with the largest monthly gain in the national index since 2003.
The Reserve Bank has kept the official interest rate on hold at 0.75 per cent at its final meeting for 2019.
