Australian Property Updates

Property Information & Real Estate Updates


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 ...

Read More »

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 ...

Read More »

Home prices of Australian capital city down 1.8% in March

Home prices of Australian capital city fell 1.8 per cent in the March quarter according to the latest RP Data-Rismark Home Value Index. RP Data research director Tim Lawless said that the numbers were being dragged down by a recent rapid build up of housing stock into the market. “The amount of realestate being advertised for sale is about 30 ...

Read More »

Sales of new land at a 10 year low

As cost of land continues to increase and the size of new house block continues to shrink, residential land sales across Australia have fallen away to their lowest level in at least 10 years. The Housing Industry Association – RP Data residential land report showed that the volume of land sales dropped to about 11,500 lots in the three months ...

Read More »

First Home Buyer Confidence index is up

First Home Buyers may begin to slowly re-enter the property market in the coming months. Based on the latest Genworth Financial’s Home Buyer Confidence Index, recent first home buyers have shown they are comfortable with high debt levels, this may well result in other First Home Buyers deciding that now is the time to enter the market. While home loan ...

Read More »