The Sydney Morning Herald has been covering real estate prices in Sydney for more than a decade, covering every major sector of the city.
It was originally launched by the ABC in 2008, and has since become a major source of news and information for real estate investors, as well as the market’s most knowledgeable reporters and bloggers.
A good source of information for all investors, the Herald’s coverage is well-researched and accurate.
Today, we’ve compiled a list of real estate news and analysis from the past 30 years.
The list is broken down by the industry and covered in the article, but we’ve also included some of our favourites from past years.
Read on to find out how to get your first loan in Sydney.
Real estate market in Sydney: 2009-2012 The first real estate boom in Sydney came in 2009, when real estate transactions soared by 25 per cent to reach $1.8 trillion.
The housing market boomed again in 2012, with a huge increase in the number of houses sold, followed by a subsequent decline.
But the Sydney real estate market remains one of the hottest in the country, with prices rising at a rate of more than 20 per cent each year.
The ‘Golden Era’: 2009-2013 Sydney was home to a number of prominent real estate players, including David Miller, who was also the owner of the Newcastle Jets and then the Sydney Roosters, and Peter Barak, who later sold his stake in the Newcastle Knights.
But by 2010, the Sydney market had begun to take on a different character, as the global financial crisis and the housing market crash had created significant negative sentiment for Sydney’s local real estate.
The city’s population was reduced by 30 per cent by that point, and the market was once again on the rise, thanks to the emergence of a new wave of investors in the Sydney suburbs.
In the summer of 2010, a spate of high-profile Sydney realestate deals went through the Sydney Stock Exchange, including a deal by the newly formed investment fund, Citi (CitiMortgage), to buy the entire Sydney property market for $1 billion.
The Sydney Bubble: 2011-2013 It wasn’t long before the market bubble burst, causing the price of homes in Sydney to drop by over 60 per cent.
The financial crisis hit the region hard, as many Sydney families struggled to afford the mortgage payments required to keep their homes in the city, as prices skyrocketed.
The market was on the verge of collapse, but the market crash didn’t come soon enough, as CitiMortsgage managed to secure a $2.5 billion loan to buy back the entire market, including properties that were previously under-valued.
The Australian Capital Territory’s Housing Corporation, which manages the local real-estate market, helped broker the deal.
The Blyth bubble: 2013-2014 The Sydney bubble was a big deal in the real estate industry.
A number of high profile real estate deals were made by Citi in the lead up to the 2008/09 financial crisis, including the $7 billion deal by Barak and Miller.
The two companies made the deal on the condition that Barak would invest the money in a real-life property development.
The property would be in the area around Blythe, in the inner-west suburb of Gosford, and would be managed by Baraks son, David.
The deal was signed by the Prime Minister, Tony Abbott, and was seen as a major development in the housing sector.
The Roosts ‘Golden Age’: 2013-2015 The Roos are the reigning premiers of the NRL, and in the aftermath of the financial crisis of 2008/9, their team were on a roll.
The club won seven premierships between them, and they finished the season with the most wins in the league, going undefeated until the finals.
This was all before the financial meltdown hit, and so the Roos were able to pay off debts that had been accrued in the years following the financial crash.
The team’s fortunes took a huge hit after the financial disaster, with their share price plummeting by more than 60 per of a percentage point in the market, and their revenue plummeting in real terms.
However, the team still had the potential to make a profit if they could attract new investors, and it is believed that the team made a significant investment in a property development that was set to become the largest in NSW.
The building was being built in the northern suburbs of the suburb of Kew, which was located on a former iron ore mine site.
The Melbourne bubble: 2014-2015 In 2014, the Melbourne real estate bubble was one of Australia’s biggest, with the Sydney bubble reaching its peak.
A lot of people who lived in the suburbs around the CBD were not able to afford to buy homes in Melbourne, as they were being priced out of the market.
The collapse in prices also hit