Australian Property Updates

Property Information & Real Estate Updates

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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Property market is a time-bomb set to explode

THE Australian property markets is the last bubble left in the wake of the financial crisis, and it is only a matter of time before they crash, warns legendary US investor and co-founder of global investment management firm GMO, Jeremy Grantham. Mr Grantham famously reported a year before the global financial crisis: “In five years, I expect that at least ...

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High Property Prices are beginning to affect Demand

Melbourne property Market was showing a lot of strength early in the 2010.  It was clear that this was not going to be just another year.  Rates were at all-time low levels and would-be buyers were back in the market in force, swamping open-for-inspections and snapping up all the properties coming up on to the market. Back then, media reported ...

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Major Inner-Sydney Development Committee to change

The NSW  Minister for Planning has announced that Central Sydney Planning Committee (CSPC) will be changed. The CSP  responsible for decision-making on large development proposals in the City of Sydney local government area, will be reviewed. Minister for Planning, Tony Kelly, said the CSPC has been in operation for 22 years. “It’s now timely to review how it is working ...

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