Australian Property Updates

Property Information & Real Estate Updates

Home Loans

Consumers still wary of the property market

It seems that Australian property buyers are taking a break – there is certainly no rush to make a property purchase despite lower interest rates and lower property prices. According to a survey of potential property buyers by the  Commonwealth Bank/MFAA Home Finance Index for September, only 16.9% of respondents are considering purchasing a property over the next 12 months. ...

Read More »

Housing oversupply may take some months to clear

With auction clearance rates down, and the number of property sales across the board also in significant decline, it may take as long as eight months to clear housing stock on the market today. RP Data’s Property Pulse has reported that housing stock is piling up, with 7.4 months of effective supply on the market. Research analyst Cameron Kusher said ...

Read More »

First Home Buyers are staging a comeback

According to statistics provided by the Loan Market Group, First home buyers are finally awake after a long period of hybernation. This segment of the home loan market has been the most active with the Loan Market Group during the month of October. For the first time in over two years the mortgage broker has had over 51 per cent ...

Read More »

New home sales are down across the country

According to the latest HIA – JELD-WEN New Home Sales Report, sales of new homes fell further during the month of  September with sales of detached new dwellings being at the lowest monthly level for almost 11 years. The number of new homes sold in the month of September fell by 3.5 per cent to be down by 14.0 per ...

Read More »

Ten percent of Aussies under housing stress

A housing lobby group claims that more than ten percent of Australian households are suffering from housing stress. Australians for Affordable Housing commissioned the National Centre for Social and Economic Modelling (NATSEM) to produce a report which found more than 850,000 households in Australia, both home owners and renters,are living with financial hardship due to the high cost of housing. ...

Read More »