Posted on 12 April 2012
According to the latest Residential Property Survey from NAB, Australian residential property prices have no where else to go – they have pretty much bottomed out. National house prices fell 1.3 per cent during March, following a 2 per cent decline in prices during the December quarter of 2011. Western Australia has managed to loose the least [...] Continue Reading...
Posted on 05 April 2012
There has been a change to what most of us perceive to be the “Great Australian Dream”. The white picket fences no longer hold the same allure they once had. Now we want to have financial independence or financial security and are happy to sacrifice home ownership in the process. A new survey by superannuation fund SunSuper [...] Continue Reading...
According to the latest Residential Property Survey from NAB, Australian residential property prices have no where else to go – they have pretty much bottomed out.
National house prices fell 1.3 per cent during March, following a 2 per cent decline in prices during the December quarter of 2011.
Western Australia has managed to loose the least [...]
There has been a change to what most of us perceive to be the “Great Australian Dream”.
The white picket fences no longer hold the same allure they once had. Now we want to have financial independence or financial security and are happy to sacrifice home ownership in the process.
A new survey by superannuation fund SunSuper [...]
New data from Australian Property Monitors has revealed that overall property auctions did not perform well this weekend.
It seems that only 60.3 per cent of properties offered for auction in Sydney over the weekend, actually achieved a sale – slightly higher than the 56.4 per cent recorded this time last week.
In Adelaide and [...]
New data indicates that a significant number of property owners are finding themselves in the position of negative equity, whereby their property is now worth less than they had paid for it when they made a purchase. In some cases they appear to have higher home loans than the current value of their property.
According to [...]
Despite all the doom and gloom in the media with respect to Australian property values, we still have quite a number of very expensive suburbs with properties selling in the millions of dollars.
Sydney’s Point Piper has been identified as Australia’s most expensive suburb, with a median house price of $5.21 million dollars in the midst [...]
Residential property sales were at levels unseen for 16 years, during 2011. It is as if property buyers went into hibernation.
According to statistics released by RP Data, the truth hit property sellers very hard – no one was buying. Some parts of the country fared worse than others. The fact that borrowing for home loans [...]
Australians that have stood on the sidelines at property auctions waiting for the right time to buy – would do well to make a purchase now.
Housing Industry Association chief economist Harley Dale said investors with adequate savings would do well to invest in property as it is a real “buyer’s market” at the [...]
The performance of the Melbourne property Auctions this weekend suggests that confidence may have come back to the Melbourne property market. According the Real Estate Institute of Victoria, auction clearance rate has increased climbing to 63 per cent from 772 auctions.
It was the first major sales weekend for 2012, and was widely seen as an [...]
The Housing Industry Association believes that the decision by the major banks to increase variable interest rates on home loans outside of rate increases by the RBA, will ultimately hurt the Australian housing industry as First Home Buyers will loses confidence.
According to the latest statistics on Home Loans for December 2011, the November [...]
Construction activity has fallen away during the month of January, mostly due to tightening of lending policies with respect to construction loans. This is despite the fact that interest rates were reduced twice late last year.
The AIG Australian Performance of Construction Index declined to a seasonally adjusted 1.2 points to 39.8 in January, marking [...]
Buyers who have sold their property last year or have simply come into some money should find 2012 a great year to make a property purchase. It does not matter if one is looking for a new home or an investment property, buyers should be able to find deals waiting for them in most capital [...]
Based on information provided by RP Data, as of the end of the September quarter 2011, almost 5% of property owners in Australia are sitting on negative equity – ie. they owe more on their home loans than their property is worth. If property prices continue to slide this problem will become more serious [...]
