Australian Property Updates

Property Information & Real Estate Updates

Monthly Archives: August 2011

Gen Ys need parent help to buy their home

Baby Boomers are under a lot of financial pressure. Not only have their superannuation investments been loosing money due to dramatic drops in the stock market, their children are counting on financial assistance to purchase of their own properties. One in three Gen Yers claim they can’t afford to buy a home without financial assistance from their family. And one ...

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Rental market in capital cities heats up

Demand for quality rental accommodation across the capital cities of Australia remains high, despite the fact that rentals continue to escalate. Low vacancy rates, improving employment, the end of the first home buyers’ grant and last year’s string of rate increases have contributing to the increase. Data provided by RUN Property shows that Sydney recorded the most significant increases to ...

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Building approvals are down and house prices keep falling

According to statistics from HIA, new home sales have seen their biggest monthly decline in five years, whereas home prices overall are continuing to come down. First Home buyers who were previously very active in the purchase of new homes are deserting the market, with investors being the main purchasers of housing today. The new lending rules introduced through the ...

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