Australian Property Updates

Property Information & Real Estate Updates

Australian home prices at 2006 levels

New research by RP data suggests that Australian property prices today are roughly where they were five years ago. This is an indication of  a clear improvement in home affordability. International debt problems and declining consumer confidence has contributed to property prices dropping over the past 12 months. Furthermore, up until a few weeks ago the threat of rates going ...

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Sydney judged to be 7th most expensive city in the world

A recent survey by USB has identified Sydney as number seven in the list of the world’s most expensive cities in the world . The strong Australian dollar has undoubtedly contributed to Sydney coming in ahead of many other larger cities such as London and New York. Two years previously Sydney was a lot lower on the same list – ...

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Gen Ys need parent help to buy their home

Baby Boomers are under a lot of financial pressure. Not only have their superannuation investments been loosing money due to dramatic drops in the stock market, their children are counting on financial assistance to purchase of their own properties. One in three Gen Yers claim they can’t afford to buy a home without financial assistance from their family. And one ...

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Rental market in capital cities heats up

Demand for quality rental accommodation across the capital cities of Australia remains high, despite the fact that rentals continue to escalate. Low vacancy rates, improving employment, the end of the first home buyers’ grant and last year’s string of rate increases have contributing to the increase. Data provided by RUN Property shows that Sydney recorded the most significant increases to ...

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Building approvals are down and house prices keep falling

According to statistics from HIA, new home sales have seen their biggest monthly decline in five years, whereas home prices overall are continuing to come down. First Home buyers who were previously very active in the purchase of new homes are deserting the market, with investors being the main purchasers of housing today. The new lending rules introduced through the ...

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