Yearly Archives: 2012

Turning point of the property market ?

THE Melbourne housing market recorded a 1 per cent bounce in dwelling values in June, a bit of a surprise for many people following the market trends. The improvement in values over the month needs to be kept in context and it will be important to monitor the month-to-month movements to see if the June rise marks a turning point. ...

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Earthquake shakes Victoria

The US geological survey is reporting an earthquake of 5.2 magnitude, with the epicentre 10 kilometres southwest of Moe, between Warragul and Traralgon, in the state’s southeast. Windows were rattled and floors rocked as the tremor hit around 8.55pm and lasted for around 30 to 40 seconds. The Geoscience Australia website crashed as people flocked online to find out what ...

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Victorian First Home Buyers should act now!

According to the Housing Industry Association (HIA) and Commonwealth Bank Housing Affordability Index in March 2012, housing is progressively becoming more and more affordable in Australia.  The affordability Index for the March 2012 quarter is actually 11 percent better than it was last year. This certainly confirms that now is a great time to buy. Whats more, if you are ...

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Australian residential property – where are we at?

According to the latest Residential Property Survey from NAB,  Australian residential property prices have no where else to go – they have pretty much bottomed out. National house prices fell 1.3 per cent during March, following a 2 per cent decline in prices during the December quarter of 2011. Western Australia has managed to loose the least from it’s property ...

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Financial Security vs Home Ownership

There has been a change to what most of us perceive to be the “Great Australian Dream”. The white picket fences no longer hold the same allure they once had. Now we want to have financial independence or financial security and are happy to sacrifice home ownership in the process. A new survey by superannuation fund SunSuper has found “owning ...

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