Australian Property Updates


Property Information & Real Estate Updates

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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Minor recovery for new home sales

October 2011 has brought with it a minor recover in the number of new home sales in Australia. This was at least a small improvement from the lowest result in more than a decade. The latest HIA – JELD-WEN New Home Sales Report found the number of new homes sold in the month of October 2011 increased by 5.5 per ...

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We are in the midst of a construction boom

According to the Australian Bureau of Statistics we are in the midst of a construction boom. Total construction work done in Australia rose by a record 12.5 per cent in the September quarter. Construction work in chain volume terms, seasonally adjusted, was valued at $47.467 billion in the September quarter, compared with $42.191bn in the June quarter, the ABS said ...

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No joy from auction clearance at weekend

Auction clearance rates were down this weekend despite talk of consumer confidence returning. Auction figures released by Australian Property Monitors found clearance rates in Brisbane were down by 35.5 per cent over the weekend, with Brisbane  recording the lowest clearance rate of only 12.5 per cent. The story was much the same in Melbourne, with auction clearance rates declining by ...

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Consumers still wary of the property market

It seems that Australian property buyers are taking a break – there is certainly no rush to make a property purchase despite lower interest rates and lower property prices. According to a survey of potential property buyers by the  Commonwealth Bank/MFAA Home Finance Index for September, only 16.9% of respondents are considering purchasing a property over the next 12 months. ...

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