Australian Property Updates


Property Information & Real Estate Updates

.NSW

Sales of new land at a 10 year low

As cost of land continues to increase and the size of new house block continues to shrink, residential land sales across Australia have fallen away to their lowest level in at least 10 years. The Housing Industry Association – RP Data residential land report showed that the volume of land sales dropped to about 11,500 lots in the three months ...

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First Home Buyer Confidence index is up

First Home Buyers may begin to slowly re-enter the property market in the coming months. Based on the latest Genworth Financial’s Home Buyer Confidence Index, recent first home buyers have shown they are comfortable with high debt levels, this may well result in other First Home Buyers deciding that now is the time to enter the market. While home loan ...

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First Home Buyer's Grant needs rework – Builders

The Building Revival Forum scheduled for tomorrow is expected to raise the need for an increase to the first-home owners grant for buyers of new homes in order to revive the dying First Home Buyer market. Industry will also seek a commitment from the State Government to significantly reduce stamp duty for off-the-plan purchase contracts and the introduction of legislation ...

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Property values expected to slide

Home Buyers are walking away from the property market at a pace that threatens to further deflate property prices by at least 5%. The number of new home loans approved by Australian lenders has fallen by 5.6 per cent to a 10-year low in February, after a similarly sharp decline in January. We can not blame natural disasters exclusively for ...

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NSW government takes action on housing supply

The New South Wales state government is taking some action to significantly increase the housing supply in that state. First Home Buyers and renters are set to benefit from the proposed action. Last week, NSW premier Barry O’Farrell said the government had joined hands with Landcom to release 10,000 new housing blocks across NSW over the coming four years. Urban ...

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