Australian Property Updates

Property Information & Real Estate Updates


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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Refund Home Loans opens real-estate office

Refund Home Loans has decided to enter the real estate market, with the opening of  its first real estate office in South Brisbane due shortly. Executive chairman of the Refund Group, Wayne Ormond, has voiced the groups intention to open a network of real estate offices across all states over the next few years. Just like Refund Home Loans, Mr ...

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Property Investors will benefit from rising rents

Current rental income growth is well below the rate of inflation, but this may well change in the short term. As new research from RP Data shows, capital city rents over the past year have only increased by just 2.7%, while Australia’s latest annual inflation rate is 3.3 per cent. RP Data found Brisbane’s median rent for houses is only$370 ...

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Investors unable to finance property purchases in flood affected areas

Bargain hunters looking to make a property purchase in the post-flood Ipswich property market are having a difficult tome finding a lender who will agree to provide home loans in flood affected areas. Herron Todd White senior valuer Brett McGrath said despite 3300 homes being written off and 1700 needing repair from January’s disaster there are a lot of home ...

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Budget dissapoints housing industry

Yesterday’s budget failed to address any of the housing affordability issues facing Australia. In announcing the Budget last night, Treasurer Wayne Swan announced a number of policies and strategies  on development of skills, training and skilled immigration, as well as improvements to allow more private investment in large public infrastructure. While these are positive and necessary measures, HIA’s senior economist ...

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