Yearly Archives: 2010

Investors & first home buyers are expected to drive up house prices by 5% in 2011

INVESTORS and first home buyers are expected to drive up house prices by around five per cent next year, property analysts say. While residential property prices remained relatively flat in the last quarter of 2010, a tight rental market and return to “normal” trends in first home ownership are likely to lead to firm growth late next year, they say. ...

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Housing Finance Commitments Trends Have Decreased

Australian Bureau of Statistics (ABS) Housing Finance figures for June show, in trend terms, the number of commitments for owner occupied homes fell 0.8 per cent, compared to the previous month.  In seasonally adjusted terms, the number of commitments decreased 3.9 per cent. “Except for the purchase of new dwellings, the decreases in lending were across established and construction of ...

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Households recommended to reduce their debts

Households with mortgages have been advised to take advantage of the pause in interest rate rises and pay down their debts. This follows analysis by financial comparison website RateCity of Australian Bureau of Statistics data which has found that the value of home loans has been falling since September 2009. This decline predates the start of the Reserve Bank’s rate ...

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Agents required to disclose the history of the property

Agents are required to disclose the history of the property, even if a murder took place in a house they are selling. The Australian Competition and Consumer Commission this month gained power to fine agents up to $1.1 million for misleading their clients. Under the new laws, if properties such as the Glen Iris townhouse where Margaret Wales-King and her ...

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