Australian Property Updates

Property Information & Real Estate Updates


Apartment developments boom in Melbourne

More and more building applications for apartment developments as builders respond to strong demand for affordable housing in the overheated property market. Melbourne homes now costing more than $1 million, property developers are rushing to bring multi-unit projects to the market in inner and outer suburbs at prices competitive with the traditional detached house and land. The south-east growth centre ...

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Victoria leads the nation in construction activity

VICTORIA is the only bright light in an otherwise ailing residential construction industry, accounting for more than twice the private housing starts of any other state. The latest dwelling start figures show New South Wales had the second-worst March quarter in the 40 years records have been kept. Work started on just 3672 private houses in NSW, fewer than half ...

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High Property Prices are beginning to affect Demand

Melbourne property Market was showing a lot of strength early in the 2010.  It was clear that this was not going to be just another year.  Rates were at all-time low levels and would-be buyers were back in the market in force, swamping open-for-inspections and snapping up all the properties coming up on to the market. Back then, media reported ...

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Housing market cools – by RPData

Housing markets outside the capital cities record no growth in 2010. Key RP Data –Rismark Index Statistics National citydwelling values up 0.2% (0.3% s.a.) in month of April National citydwelling values up 2.4% (1.9% s.a.)in quarter National citydwelling values up 11.9% over last 12 months National citymedian dwelling priceis $460,000 National rest of statehouse values down -0.2% in April (-0.1% ...

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Boutique Agency VS Big Name Franchise Agency

This is the first article in Real Estate Review from Chilli Realty – “Red Hot Service” in Real Estate. Chilli Realty is a smaller boutique style of Real Estate agency with a head office in Fairfield and we are selling property by Auction and Private Sale, in all suburbs of Melbourne. ( We work with both buyers and sellers, specialising ...

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