Monthly Archives: April 2011

Now is the best time to buy – John Symond

Aussie’s John Symond believes that now is the best time to purchase your first home. According to Aussie Home Loans executive chairman, higher levels of savings, increasing rents, stable interest rates, a softer housing market have created a great opportunity for first home buyers to make their purchase. If you are considering making a purchase – it is very much ...

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Rental Crisis

According to recent research by RP Data, Australian capital city property rents are increasing even faster than the property prices. Housing shortage is the main reason for this increase. Rentals will continue to increase even further unless sufficient residential housing becomes available to meet the growing demand. Darwin and Melbourne experienced the most significant increases in rents, with the average ...

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Lack of government action on housing shortage – HIA

Despite the escalating problem of shortage of housing in Australia and the overall decline in the levels of new property development, there appears to be a lack of adequate action on behalf of the government to address these issues. HIA has issued a call to the federal government to implement some strong measures in this regard. Figures released yesterday by ...

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Sales of new land at a 10 year low

As cost of land continues to increase and the size of new house block continues to shrink, residential land sales across Australia have fallen away to their lowest level in at least 10 years. The Housing Industry Association – RP Data residential land report showed that the volume of land sales dropped to about 11,500 lots in the three months ...

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First Home Buyer Confidence index is up

First Home Buyers may begin to slowly re-enter the property market in the coming months. Based on the latest Genworth Financial’s Home Buyer Confidence Index, recent first home buyers have shown they are comfortable with high debt levels, this may well result in other First Home Buyers deciding that now is the time to enter the market. While home loan ...

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