Australian Property Updates

Property Information & Real Estate Updates


Property values expected to slide

Home Buyers are walking away from the property market at a pace that threatens to further deflate property prices by at least 5%. The number of new home loans approved by Australian lenders has fallen by 5.6 per cent to a 10-year low in February, after a similarly sharp decline in January. We can not blame natural disasters exclusively for ...

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First home buyers walking away in WA

The first home buyers’ market in Western Australia has collapsed on the back of rising interest rates, the state’s peak real estate body says. Figures from the office of state revenue reveal first home buyers dropped over 50%, from 2300 in April 2009 to 988, in the same month this year. Real Estate Institute of Western Australia (REIWA) president Alan ...

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