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1.Market Observations, 8.Was Sticky

28 Apr 2017 (AFR) – Selling fast: Housing fever spreads into the suburbs and regions

(28 April 2017, AFR, p9, by Larry Schlesinger)

‘Housing fever has spread to the more affordable outer suburbs of Sydney, Melbourne, Brisbane and Hobart as well as nearby regional cities as buyers battle record prices in the capital cities and fewer properties for sale. New CoreLogic figures show houses and apartments in the outer suburbs and in regional cities like Newcastle, Wollongong and the Gold Coast sold twice as fast as homes in the inner suburbs over the past year, some taking just a week to secure a buyer.’

Read more (and see two tables of values) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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