Monthly Archives: May 2010

Real Estate Market Loosing Buyers – by REIA

The Real Estate Institute of Australia (REIA) President, Mr David Airey has today appealed to the Reserve Bank of Australia (RBA) to take the state of the housing market into consideration when making a decision regarding official interest rates next month. Over the past month the Australian Real Estate market has began to experience a slowdown.   The market has gone ...

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Australian homes overpriced – IMF

AUSTRALIAN house prices are massively out of whack and will be brought back to earth, an expert says. In an analysis of house price busts in the OECD since the 1970s, International Monetary Fund economist Prakash Loungani told a conference in Washington that house prices would fall much farther and for much longer, Dow Jones Newswires reported. Likening the current ...

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Consumer Affairs to Publish Property Sales Data

Consumer Affairs Victoria (CAV) has announced that it will start publishing property sales data on its website in order to help keep prospective buyers and sellers informed. The information published will include: * data sources for property prices; * calculators that can make estimates of the prices of individual properties based on comparable sales; * guides on to how to ...

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New towns for southeast Queensland

THE Queensland Government has announced three brand new cities will be built in the state’s southeast from the ground up to take pressure off population growth. The Government’s powerful land development body will take control of three greenfield areas in the region’s west and southwest to quickly deliver new masterplanned communities set to be home to an extra 250,000 people. ...

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New Player in Domestic Building Insurance

VMIA reaches agreement with QBE to deliver domestic building insurance*  The Victorian Managed Insurance Authority (VMIA) has entered into an agreement with QBE Insurance (Australia) Limited, QBE, under which the VMIA will provide domestic building insurance to builders and owner builders in Victoria.  The agreement follows the recent decision by the Victorian Government to transition builders to a State underwritten ...

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