.SA

Turning point of the property market ?

THE Melbourne housing market recorded a 1 per cent bounce in dwelling values in June, a bit of a surprise for many people following the market trends. The improvement in values over the month needs to be kept in context and it will be important to monitor the month-to-month movements to see if the June rise marks a turning point. ...

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Housing is becoming more affordable

Recent figures suggest that housing has become more affordable in recent years across all states of Australia. The Real Estate Institute of Australia (REIA) – Deposit Power Housing Affordability Report showed the proportion of income required to meet the repayment of home loans has declined by one percentage point to 33.6 per cent during the September quarter.With the exception of ...

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No joy from auction clearance at weekend

Auction clearance rates were down this weekend despite talk of consumer confidence returning. Auction figures released by Australian Property Monitors found clearance rates in Brisbane were down by 35.5 per cent over the weekend, with Brisbane  recording the lowest clearance rate of only 12.5 per cent. The story was much the same in Melbourne, with auction clearance rates declining by ...

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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 ...

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Property sharing can assist with home affordability

It seems that in an effort to afford that dream first home, some buyers resort to renting out rooms in their new home to assist with home loan repayments. A recent survey of home buyers conducted by Mortgage Choice, revealed that 14 per cent of home buyers said that they intend to reduce their costs of living by sharing their ...

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