Australian Property Updates


Property Information & Real Estate Updates

Property Development

Building a Home – What You Need to Keep In Mind

Building a home in real life is much harder and complicated than building a Lego house. There needs to be much planning. This procedure is not only time consuming, but it is also tiring and overwhelming. This is why many residents of Geelong refer to home builders Geelong to complete the task safely and efficiently. A home builder will prove ...

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Construction activity down in January

Construction activity has fallen away during the month of January, mostly due to tightening of lending policies with respect to construction loans. This is despite the fact that interest rates were reduced twice late last year. The AIG Australian Performance of Construction Index declined to a seasonally adjusted 1.2 points to 39.8 in January, marking the 20th consecutive month that ...

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Building approvals up but housing sector still weak

Although there has been a modest improvement in building approvals during the month of November, the overall state of Australia’s construction industry is still troubled. Australian residential building approvals had increased during November by 8.4 per cent to 11,424 units. This compared with an upwardly revised 10,539 units in October, seasonally adjusted. Economists expectations of this figure were closer to ...

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Minor recovery for new home sales

October 2011 has brought with it a minor recover in the number of new home sales in Australia. This was at least a small improvement from the lowest result in more than a decade. The latest HIA – JELD-WEN New Home Sales Report found the number of new homes sold in the month of October 2011 increased by 5.5 per ...

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We are in the midst of a construction boom

According to the Australian Bureau of Statistics we are in the midst of a construction boom. Total construction work done in Australia rose by a record 12.5 per cent in the September quarter. Construction work in chain volume terms, seasonally adjusted, was valued at $47.467 billion in the September quarter, compared with $42.191bn in the June quarter, the ABS said ...

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