Australian Property Updates


Property Information & Real Estate Updates

States

2011 was a disaster year for residential property sales

Residential property sales were at levels unseen for 16 years, during 2011. It is as if property buyers went into hibernation. According to statistics released by RP Data, the truth hit property sellers very hard – no one was buying. Some parts of the country fared worse than others. The fact that borrowing for home loans was very difficult, did ...

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Bank behavior will discourage First Home Buyers

The Housing Industry Association believes that the decision by the major banks to increase variable interest rates on home loans outside of rate increases by the RBA, will ultimately hurt the Australian housing industry as First Home Buyers will loses confidence. According to the latest statistics on Home Loans for December 2011, the November and December official interest rate cuts ...

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2012 will be a great time to buy

Buyers who have sold their property last year or have simply come into some money should find 2012  a great year to make a property purchase. It does not matter if one is looking for a new home or an investment property, buyers should be able to find deals waiting for them in most capital cities and states. RP Data’s ...

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Property market set for recovery as demand for home loans grows

THE number of home loans approved by banks and other lenders during the month of November has gone beyond market expectations, making economists believe that 2012 will be a good year for property. We have already seen 2 rate cuts in late 2011 and further cuts are expected in early 2012. This will undoubtedly boost demand for home loans as ...

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Housing Shortage remains a problem

The Real Estate Institute of Australia is concerned about the fact that Australian housing shortage problem is not going away. REIA are calling on the Australian government to offer greater stimulus into the housing market after a new report revealed that the existing gap between housing supply and demand is widening every year. According to the National Housing Supply Council’s ...

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