Australian Property Updates

Property Information & Real Estate Updates


Signs of recovery in Melbourne residential market

The performance of the Melbourne property Auctions this weekend suggests that confidence may have come back to the Melbourne property market. According the Real Estate Institute of Victoria, auction clearance rate has increased climbing to 63 per cent from 772 auctions. It was the first major sales weekend for 2012, and was widely seen as an indicator of the health ...

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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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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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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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Housing blocks are smaller and more affordable

According to new research, builders are reacting to falling property prices and more cost-conscious buyers, by reducing the sizes of standard housing blocks as well as sizes of houses constructed for sale. Stockland, Australia’s biggest listed home builder, has cut the average size of it’s housing lots in it’s  house-and-land packages by almost 20 per cent – to 481sq m ...

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