Australian Property Updates


Property Information & Real Estate Updates

Property Development

More affordable rent in Moorabbin

A new Moorabbin, Victoria residential development has been purpose-built to provide cheap accommodation. The project will deliver much-needed affordable housing in Kingston’s tight rental market. Appropriate tenants are being sought for the 75-apartmetn development, in South Road, near the Nepean Highway, that should be ready next month. The one- and two-bedroom units all have their own private open space. The ...

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New Home Sales have seen better days

Australia’s new property sales have shown minimal growth this year, as property values overall are heading south. New home sales went up marginally by just 0.2 per cent in April to a mere 11,000 homes. That’s even lower than than the 4.3 per cent increase reported for March, and the lowest growth figures since sales shrank in the final two ...

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The Housing Market is in desperate need of funds injection from government

HIA is urging the Federal Government to budget for an injection of more funds into the Australian housing market to address the under-supply issue While returning the budget to surplus is obviously a positive policy, it should not be achieved at the cost of cutting or neglecting the urgent need for productive investment in core areas such as Australian housing. ...

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New home sales up in March

According to the Housing Industry Association , although the overall housing market is still quite weak there seems to be some improvement in the number of new home sales generated in March 2010. New home sales numbers increased by 4.3 per cent in March, following a 0.6 per cent gain in February. Detached homes sales also went up by 5.8 ...

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Lack of government action on housing shortage – HIA

Despite the escalating problem of shortage of housing in Australia and the overall decline in the levels of new property development, there appears to be a lack of adequate action on behalf of the government to address these issues. HIA has issued a call to the federal government to implement some strong measures in this regard. Figures released yesterday by ...

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