Australian Property Updates

Property Information & Real Estate Updates

First Home Buyers are staging a comeback

According to statistics provided by the Loan Market Group, First home buyers are finally awake after a long period of hybernation. This segment of the home loan market has been the most active with the Loan Market Group during the month of October. For the first time in over two years the mortgage broker has had over 51 per cent ...

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New home sales are down across the country

According to the latest HIA – JELD-WEN New Home Sales Report, sales of new homes fell further during the month of  September with sales of detached new dwellings being at the lowest monthly level for almost 11 years. The number of new homes sold in the month of September fell by 3.5 per cent to be down by 14.0 per ...

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Auction clearance rates still extremely low

This weekend Auction clearance rates for residential properties in both Sydney and Melbourne was way below expectations. Potential purchasers are clearly staying away, waiting for possible a rate cut resulting in the availability of cheaper home loans, or perhaps their confidence has simply been shattered by a recent spate of economic disasters both locally and overseas. According to the latest ...

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Ten percent of Aussies under housing stress

A housing lobby group claims that more than ten percent of Australian households are suffering from housing stress. Australians for Affordable Housing commissioned the National Centre for Social and Economic Modelling (NATSEM) to produce a report which found more than 850,000 households in Australia, both home owners and renters,are living with financial hardship due to the high cost of housing. ...

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Auction clearances unseasonally low

In a sign that the real estate market is extremely subdued, auction clearance rates around the country are staying around 60 per cent in Sydney and Melbourne, despite the fact that spring is historically the best time to sell your property. According to the latest data from Australian Property Monitors, only 56.3 per cent of properties listed for auction in ...

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