Australian Property Updates

Property Information & Real Estate Updates

Monthly Archives: March 2012

Property auctions show poor results

New data from Australian Property Monitors has revealed that overall property auctions did not perform well this weekend. It seems that only 60.3 per cent of properties offered for auction in Sydney over the weekend, actually achieved a sale – slightly higher than the 56.4 per cent recorded this time last week. In Adelaide and Brisbane the results were much ...

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Property owners facing negative equity

New data indicates that a significant number of property owners are finding themselves in the position of negative equity, whereby their property is now worth less than they had paid for it when they made a purchase. In some cases they appear to have higher home loans than the current value of their property. According to new RP Data figures, ...

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What are Australia's priciest suburbs?

Despite all the doom and gloom in the media with respect to Australian property values, we still have quite a number of very expensive suburbs with properties selling in the millions of dollars. Sydney’s Point Piper has been identified as Australia’s most expensive suburb, with a median house price of $5.21 million dollars in the midst of property price meltdown ...

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Industrial market drives real estate growth in Brisbane

Brisbane’s industrial market will continue to be its star real estate performer, while the flourishing residential apartment sector will lose the investor sheen it has held over Sydney and Melbourne. They were the predictions of two Brisbane “property prophets” who addressed a Property Council of Australia business lunch on Wednesday. Two further real estate research experts said Brisbane’s inner city ...

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2011 was a disaster year for residential property sales

Residential property sales were at levels unseen for 16 years, during 2011. It is as if property buyers went into hibernation. According to statistics released by RP Data, the truth hit property sellers very hard – no one was buying. Some parts of the country fared worse than others. The fact that borrowing for home loans was very difficult, did ...

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