Australian Property Updates


Property Information & Real Estate Updates

States

Negative equity is a reality for many home owners

Many property owners continued to increase their home loans on the assumption that property values will continue to increase. Today, some buyers are finding that their homes are worth less than the amount they owe to their lender on their home loans. While today only 2% of home owners are faced with the reality of negative equity, if property prices ...

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Moody's concerned about Australian property prices

GLOBAL ratings agency Moody’s has issues a warning to Australia about our housing market amid fears that prices will tumble further if Europe’s debt crisis is not contained. In a new report, Moody’s says it believes that Australia’s Mortgage Insurance industry may be exposed when Australian property prices start dropping further if funding issues persist in Europe. The ratings agency ...

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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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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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New home sales are down across the country

According to the latest HIA РJELD-WEN New Home Sales Report, sales of new homes fell further during the month of  September with sales of detached new dwellings being at the lowest monthly level for almost 11 years. The number of new homes sold in the month of September fell by 3.5 per cent to be down by 14.0 per ...

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