Monthly Archives: June 2011

Melbourne properties going cheap…

The Melbourne property market has certainly seen better days. Most real estate agents are struggling to clear properties as people are looking but not buying. According to RP Data, during April, Melbourne houses were discounted by an average of 6.9 per cent from their initial asking price ito help achieve a sale. Melbourne units and apartments were discounted by 5.7 ...

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The Great Aussie Dream is getting smaller……

THE great Australian dream of owning a double storey house in the suburbs with a pool, and a large back yard – is no more… Instead, more and more Australians would choose to own a townhouse or an apartment in close proximity to the city or other suburban centres. According to a report from the Grattan Institute, home loan affordability ...

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Some signs of life in the Australian property market

Despite all the doom and gloom in the media, the latest data from the ABS reveals some sign of life in Victorian home loan activity, which may be an indication that the Victorian property market is finally stabilizing. Victorian seasonally adjusted owner-occupied home loans increased by 4.1 per cent in April compared with the figures for March. Seasonally adjusted figures ...

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Housing Affordability back at 2003 levels

Home buyers will be happy to hear that Australia’s average property price to income ratio has fallen back to 2003 levels. According to recent research conducted by Rismark, the average proce today of an Australian dwelling in relation to disposable income has fallen to just 4.2 times in March 2011 from its recent peak of 4.7 times in December 2009. ...

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Easy access to public transport is the key to home buyers

According to a new survey by PRDnationwide, convenient location close to public transport is the number one priority for home buyers. It seems that 57% of home buyers value proximity to public transport ahead of other property features. The PRDnationwide survey also found that 16 per cent of property buyers considered that having a supermarket within walking distance as being ...

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