Australian Property Updates


Property Information & Real Estate Updates

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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Housing Shortage remains a problem

The Real Estate Institute of Australia is concerned about the fact that Australian housing shortage problem is not going away. REIA are calling on the Australian government to offer greater stimulus into the housing market after a new report revealed that the existing gap between housing supply and demand is widening every year. According to the National Housing Supply Council’s ...

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Negative equity is a reality for many home owners

Many property owners continued to increase their home loans on the assumption that property values will continue to increase. Today, some buyers are finding that their homes are worth less than the amount they owe to their lender on their home loans. While today only 2% of home owners are faced with the reality of negative equity, if property prices ...

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Moody's concerned about Australian property prices

GLOBAL ratings agency Moody’s has issues a warning to Australia about our housing market amid fears that prices will tumble further if Europe’s debt crisis is not contained. In a new report, Moody’s says it believes that Australia’s Mortgage Insurance industry may be exposed when Australian property prices start dropping further if funding issues persist in Europe. The ratings agency ...

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