Australian Property Updates

Property Information & Real Estate Updates

Rental incomes will continue to rise in Australia because of a lack of supply say economists

Property investments in Australia will continue to generate higher returns say economists. However fewer first time buyers and increasing interest rates will result in slower residential property price growth, as reported in the Residential Property Prospects Report 2010 to 2013 from BIS Shrapnel. Senior project manager Angie Zigomanis said first time buyer activity has dropped after the expiry of the ...

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Apartment developments boom in Melbourne

More and more building applications for apartment developments as builders respond to strong demand for affordable housing in the overheated property market. Melbourne homes now costing more than $1 million, property developers are rushing to bring multi-unit projects to the market in inner and outer suburbs at prices competitive with the traditional detached house and land. The south-east growth centre ...

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Victoria leads the nation in construction activity

VICTORIA is the only bright light in an otherwise ailing residential construction industry, accounting for more than twice the private housing starts of any other state. The latest dwelling start figures show New South Wales had the second-worst March quarter in the 40 years records have been kept. Work started on just 3672 private houses in NSW, fewer than half ...

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Australia experiencing normal property growth – by REIA

Mr David Airey, REIA’s President has criticized comments by GMO’s chief strategist Jeremy Grantham – that Australia is in the midst of an unmistakable housing bubble. According to David Airey Australia experiencing normal property growth for house prices. “If Australia was in the midst of a so-called housing bubble, then we have been there for some time. REIA’s data highlights ...

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