Australian Property Updates


Property Information & Real Estate Updates

Finance

Banks hold worries over viability of development loans

According to reports in the media, at least one of the big four banks is showing hesitation to provide property development loans both residential and commercial, given the perceived risks in many projects. The Australian reports that according to documents they were able to access at least 61 projects across Australia have been tagged as having retail or commercial areas ...

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First Home Buyers will stage a comeback shortly

While over the past 12 months there has been little activity in the property and home loan markets from First Home Buyers, this is likely to change in the near future. Speaking to The Adviser, Century 21 chairman Charles Tarbey said first home buyers and first time upgraders will dominate the market during the traditionally hot spring selling season. Significant ...

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Australian Property market – uncertain future…

A downturn in Australia’s property market will only contribute to concerns of a two-speed economy in the resource-rich nation. Mining profits are bursting at the seams due to heavy demand from China and other fast-growing Asian countries, while consumer businesses and manufacturing have gone into hiding from concerns about the prospect of growing rates, the high value Australian dollar, trading ...

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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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Gen Ys prefer investment over home ownership

A new survey of Gen Ys has identified that while majority are happy with property as an investment tool, fewer are considering home ownership. The Mortgage Choice First Time Property Investors Survey has found 43% of Gen Y respondents will put off buying a home for themselves to purchase an investment property. There are a number of reasons behind this ...

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