Australian Property Updates

Property Information & Real Estate Updates

Monthly Archives: May 2011

One in four Australians will never achieve property ownership

According to new research from the REST Super fund, the home ownership dream will remain but a dream for a quarter of Australians approaching retirement age. The data, compiled by REST Industry Super, estimates that while today only 15% of retirees are not home owners, that number will escalate to 25% by the year 2036 – meaning one in four ...

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New Home Sales have seen better days

Australia’s new property sales have shown minimal growth this year, as property values overall are heading south. New home sales went up marginally by just 0.2 per cent in April to a mere 11,000 homes. That’s even lower than than the 4.3 per cent increase reported for March, and the lowest growth figures since sales shrank in the final two ...

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The time for First Home Buyers is now

Now is a great time to make your first property purchase – just ask PRDnationwide. Property prices are at their lowest for several years now, and are expected to start increasing some time into next year. According to Mr Gray, from PRDnationwide, first home buyers that do not quite have sufficient deposit or income to make a purchase now, may ...

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Property sharing can assist with home affordability

It seems that in an effort to afford that dream first home, some buyers resort to renting out rooms in their new home to assist with home loan repayments. A recent survey of home buyers conducted by Mortgage Choice, revealed that 14 per cent of home buyers said that they intend to reduce their costs of living by sharing their ...

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Investors unable to finance property purchases in flood affected areas

Bargain hunters looking to make a property purchase in the post-flood Ipswich property market are having a difficult tome finding a lender who will agree to provide home loans in flood affected areas. Herron Todd White senior valuer Brett McGrath said despite 3300 homes being written off and 1700 needing repair from January’s disaster there are a lot of home ...

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