Australian Property Updates

Property Information & Real Estate Updates


Easy access to public transport is the key to home buyers

According to a new survey by PRDnationwide, convenient location close to public transport is the number one priority for home buyers. It seems that 57% of home buyers value proximity to public transport ahead of other property features. The PRDnationwide survey also found that 16 per cent of property buyers considered that having a supermarket within walking distance as being ...

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Looking for a property bargain – there are plenty available

If you are looking for a property bargain – now is the best time to find one or many. According to new research by RP Data, property sales volumes have been  in decline since September 2009. At the same time, vendors who need to achieve a sale of their property are forced to offer fairly significant price discounts. In February ...

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East Sydney offers best rental returns – RP data

According to new information released by RP Data, investment properties located in Sydney’s eastern suburbs are providing investors with the greatest returns. It seems that especially properties in the Sydney suburb of Woollahra have recorded an increase in advertised rents of 22.2 per cent over the year. Suburbs of Sydney overall performed very well showing top rental returns and accounted ...

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Budget dissapoints housing industry

Yesterday’s budget failed to address any of the housing affordability issues facing Australia. In announcing the Budget last night, Treasurer Wayne Swan announced a number of policies and strategies  on development of skills, training and skilled immigration, as well as improvements to allow more private investment in large public infrastructure. While these are positive and necessary measures, HIA’s senior economist ...

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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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