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I should preface this article by saying that unfortunately the crystal ball to tell us how Sydney house prices will weather the next 12 months has not yet been discovered.  

So, if you are looking for someone to tell you this with certainty – keep looking – and tell me if you find that magic crystal ball.   But, if you are interested to read my perspective on the Spring market – and the factors that help some properties to outperform others – then read on.

SYDNEY housing market in spring 2009

Spring in Sydney is traditionally accompanied by prodigious listings of homes for sale – particularly in its more affluent eastern and northern suburbs.   2009 proved no exception, with many homes being offered for sale in September and October – with some more recent listings hoping to sell before the Christmas slowdown.   The Domain North supplement in Tuesday’s Sydney Morning Herald is a good indicator; traditionally comprising one section, over the last month it has yielded two bulging sections of homes for sale.
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The Minister for Immigration and Citizenship announced earlier this month that the amount of funds international students will need to demonstrate and have genuine access to in order to be granted a Student visa will increase under proposed new changes.

Legislation changes are being pursued to increase the basic rate of living costs under the Migration Regulations from the previous rate of $12 000 per year. Subject to approval by the Governor-General, it is proposed that these changes will come into effect from 1 January 2010.

Under the proposed new regulations, prospective Student visa applicants and their family members must have access to the following funds to meet the living costs requirements: Continue Reading

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