Australian Property Updates

Property Information & Real Estate Updates


Home prices of Australian capital city down 1.8% in March

Home prices of Australian capital city fell 1.8 per cent in the March quarter according to the latest RP Data-Rismark Home Value Index. RP Data research director Tim Lawless said that the numbers were being dragged down by a recent rapid build up of housing stock into the market. “The amount of realestate being advertised for sale is about 30 ...

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Rental Crisis

According to recent research by RP Data, Australian capital city property rents are increasing even faster than the property prices. Housing shortage is the main reason for this increase. Rentals will continue to increase even further unless sufficient residential housing becomes available to meet the growing demand. Darwin and Melbourne experienced the most significant increases in rents, with the average ...

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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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