Property prices (103 items)

Delayed settlement bad news for buyer and seller

Falling residential property values turned into a serious problem for both the seller and buyer of a Sydney property last year. A court has ruled that when the sale fell through because the buyer could not get finance, the buyer was then liable for the shortfall on the resale. A delayed settlement was at the heart of the problem. read more

Bank backs tax breaks for unhealthy housing market

Drastic measures are called for by one of Australia’s largest mutual banks, in research on housing affordability for those workers in this bank’s newest target market, in the healthcare and emergency services sectors.“A 50 per cent to 60 per cent decline in housing prices is needed before key workers can contemplate buying a home within reasonable reach” for this critical, at-call workforce. read more

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