- BusinessBloomberg
More Australians Consider Selling Their Home in Red Hot Market
(Bloomberg) -- More than a third of Australian homeowners are planning to sell in the next five years, according to a report by Westpac Banking Corp., as they look to cash in on a booming market driven by low mortgage rates and an improving economy.The report showed 35% of households surveyed were considering selling, more than double the amount seen prior to the pandemic. More than one in ten were already in the process of putting their property on the market, or planning to do so in the next twelve months.“It is absolutely a seller’s market at the moment,” Matt Hassan, a senior economist at Westpac, said in a media release. “The research suggests the situation will rebalance in coming months as more sellers come onto the market, however demand is still expected to remain strong, driving a sustained lift in prices this year and next.”Australia’s housing market in February posted its biggest monthly price gain in 17 years, dispelling fears of a Covid-induced downturn. Economists think the gains can continue: Goldman Sachs Group Inc. said Friday that prices will rise 10% this year, fueled by low interest rates and improved sentiment, although the bank also noted there are risks ahead including a potentially more hawkish Reserve Bank.The Westpac report also pointed to lingering caution, with 51% of respondents saying they’re actively holding off from listing their property straight away, while 66% said high moving costs were a big barrier to selling.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- U.S.INSIDER
A Missouri pastor is reportedly seeking 'professional counseling' after he told women to lose weight and strive to be like Melania Trump for their husbands
Pastor Stewart-Allen Clark of Missouri's Malden First General Baptist Church gushed over an "epic trophy wife" and warned, "don't let yourself go."
- CelebrityYahoo Celebrity
Ashley Judd says 'nights are a savage agony' as she recovers from broken leg after Congo rainforest fall
The actress almost lost her leg and suffered nerve damage after tripping over a fallen tree.
- PoliticsBBC
Who truly was the most dishonest president?
Past US presidents have left a legacy of untruths ranging from the bizarre to the horrifying.
- U.S.The Root
3 Black Men Released From New York Prison After 24 Years. Judge Determined That Prosecutors Withheld Evidence of Their Innocence
It seems like not more than a few weeks ever passes before The Root covers another story about wrongly convicted Black men being released from prison after spending years and even decades behind bars for crimes they did not commit due to the wilful negligence and indifference of law enforcement and courts.

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