Market Wrap -21 May 2020

 

  • 28/115 Wigram Road, Forest Lodge and 374 Norton Street, Lilyfield both sold in the last couple of days after two successful campaigns with multiple enquiries and offers being made. 

     

  • Mortgage trusts are holding up well amid the COVID-19 crisis. The country's mortgage trust sector, which has $15 billion in funds under management, has sailed through the economic turmoil unscathed, with minimal arrears and/or bad debts to dateRead more

     

  • The Sydney pockets where more units are set to hit the market amid a population slowdown. Apartment prices in some of Sydney’s fastest-growing regions could be hard hit in the coming months, as thousands of new units are completed amid a slowdown in population growth. Read more here.

     

  • Buyers of freshly built homes would get a $50,000 cheque from the Morrison government under a $2.5 billion plan proposed by the Property Council to help kickstart the economy. Read the full article.

     

  • House hunters could save up to six-figure sums on stamp duty if tax systems are reformed in the wake of the coronavirus pandemic, new figures show. Read more