Australian Property Updates

Property Information & Real Estate Updates

Monthly Archives: February 2012

Investors will do well to buy now – HIA

Australians that have stood on the sidelines at property auctions waiting for the right time to buy – would do well to make a purchase now. Housing Industry Association chief economist Harley Dale said investors with adequate savings would do well to invest in property as it is a real “buyer’s market” at the moment. However property purchase is not ...

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Signs of recovery in Melbourne residential market

The performance of the Melbourne property Auctions this weekend suggests that confidence may have come back to the Melbourne property market. According the Real Estate Institute of Victoria, auction clearance rate has increased climbing to 63 per cent from 772 auctions. It was the first major sales weekend for 2012, and was widely seen as an indicator of the health ...

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Bank behavior will discourage First Home Buyers

The Housing Industry Association believes that the decision by the major banks to increase variable interest rates on home loans outside of rate increases by the RBA, will ultimately hurt the Australian housing industry as First Home Buyers will loses confidence. According to the latest statistics on Home Loans for December 2011, the November and December official interest rate cuts ...

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Construction activity down in January

Construction activity has fallen away during the month of January, mostly due to tightening of lending policies with respect to construction loans. This is despite the fact that interest rates were reduced twice late last year. The AIG Australian Performance of Construction Index declined to a seasonally adjusted 1.2 points to 39.8 in January, marking the 20th consecutive month that ...

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