Yearly Archives: 2011

Housing Shortage remains a problem

The Real Estate Institute of Australia is concerned about the fact that Australian housing shortage problem is not going away. REIA are calling on the Australian government to offer greater stimulus into the housing market after a new report revealed that the existing gap between housing supply and demand is widening every year. According to the National Housing Supply Council’s ...

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Negative equity is a reality for many home owners

Many property owners continued to increase their home loans on the assumption that property values will continue to increase. Today, some buyers are finding that their homes are worth less than the amount they owe to their lender on their home loans. While today only 2% of home owners are faced with the reality of negative equity, if property prices ...

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Moody's concerned about Australian property prices

GLOBAL ratings agency Moody’s has issues a warning to Australia about our housing market amid fears that prices will tumble further if Europe’s debt crisis is not contained. In a new report, Moody’s says it believes that Australia’s Mortgage Insurance industry may be exposed when Australian property prices start dropping further if funding issues persist in Europe. The ratings agency ...

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Housing is becoming more affordable

Recent figures suggest that housing has become more affordable in recent years across all states of Australia. The Real Estate Institute of Australia (REIA) – Deposit Power Housing Affordability Report showed the proportion of income required to meet the repayment of home loans has declined by one percentage point to 33.6 per cent during the September quarter.With the exception of ...

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Housing blocks are smaller and more affordable

According to new research, builders are reacting to falling property prices and more cost-conscious buyers, by reducing the sizes of standard housing blocks as well as sizes of houses constructed for sale. Stockland, Australia’s biggest listed home builder, has cut the average size of it’s housing lots in it’s  house-and-land packages by almost 20 per cent – to 481sq m ...

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