Australian Property Updates

Property Information & Real Estate Updates

Construction activity down in January

Construction activity has fallen away during the month of January, mostly due to tightening of lending policies with respect to construction loans. This is despite the fact that interest rates were reduced twice late last year. The AIG Australian Performance of Construction Index declined to a seasonally adjusted 1.2 points to 39.8 in January, marking the 20th consecutive month that ...

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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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Negative equity a problem for 5% of property owners

Based on information provided by RP Data, as of the end of the September quarter 2011, almost 5% of property owners in Australia are sitting on negative equity – ie. they owe more on their home loans than their property is worth. If property prices continue to slide this problem will become more serious – mirroring the events in the ...

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Property market set for recovery as demand for home loans grows

THE number of home loans approved by banks and other lenders during the month of November has gone beyond market expectations, making economists believe that 2012 will be a good year for property. We have already seen 2 rate cuts in late 2011 and further cuts are expected in early 2012. This will undoubtedly boost demand for home loans as ...

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Building approvals up but housing sector still weak

Although there has been a modest improvement in building approvals during the month of November, the overall state of Australia’s construction industry is still troubled. Australian residential building approvals had increased during November by 8.4 per cent to 11,424 units. This compared with an upwardly revised 10,539 units in October, seasonally adjusted. Economists expectations of this figure were closer to ...

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