Market review-
As was widely expected, the Reserve Bank (RBA) decided to once again leave the official cash rate on hold last week at its monthly board meeting.
BREAKING NEWS
The NSW State Government announced on 6th September 2011 that as of 1st January 2012 stamp duty concessions will only be available to first home buyers purchasing a brand new home or vacant land intended to be used as a site for a first home. So purchasers of established properties will no longer receive a stamp duty concession as of 1st January 2012.
We expect to see an increased number of first home buyers entering the market between now and the end of the year trying to make the most of the stamp duty exemptions before they are removed in 2012.
For more detailed information on all of these benefits please visit www.osr.nsw.gov.au.
The Upper Blue Mountains property market remains strong, driven by lifestyle demand and Sydney buyers seeking space and natural beauty. Blackheath’s median house prices are near $880,000 with solid annual growth and quick sales, reflecting steady buyer interest. Katoomba also shows healthy house values, with a median house price of … Read more
In Blackheath house prices continued their upward trajectory, with the geometric mean price estimated at $920,000 in August 2025. This reflects a solid gain of approximately 6.1% compared to this same month last year, representing an increase of about $53,000. Over the past decade, the market has seen remarkable appreciation, … Read more