Australian Property Updates

Property Information & Real Estate Updates

Monthly Archives: June 2010

Melbourne's rental properties are some of the most affordable in Australia

According to the Real Estate Institute of Australia’s March Housing Affordability Report, Victorian rental houses and apartments are more affordable than most.  The affordability of rents is determined by comparing the proportion of family income needed to meet median rental payments. In this year’s March quarter, 22.6 per cent of the average family income was required to meet the cost ...

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Housing construction to slow by mid 2011

THE recovery in building new homes is expected to stall in 2011, the peak residential construction body says. The Housing Industry Association’s (HIA) National Outlook for the March quarter says the recovery in new home building will cease in the middle of 2011. “It is not too late to turn the situation around through policies targeted at new home building ...

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Australia recorded the fourth-largest price increase – by Global Property Guide

According to the latest Global Property Guide, Australia recorded the fourth-largest price increase during the year to March beating many of the world’s best and biggest cities of 16.6 per cent. Most Asian and Pacific countries also outperformed their European counterparts this year, with Hong Kong, Singapore and Taiwan taking out the top three spots. Britain was ranked 10th, Switzerland ...

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Latest Westpac Economic News by Bill Evans

Westpac Chief Economist Bill Evans and his team produce this bite-sized roundup of the week’s economic news and events, with clear analysis and insight plus the outlook for the week ahead.

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