Australian Property Updates

Property Information & Real Estate Updates

Drop in consumer confidence is eating away at house prices

Australian House Prices have stopped their climb in April, with some capital cities recording a drop and others just marginal gains.  The RP Data-Rismark Hedonic Home Value Index released yesterday showed national average growth for dwellings of 0.2 per cent, after a 1.3 per cent rise in March. Tim Lawless, research director for property analyst firm, does not believe ...

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Real Estate Market Loosing Buyers – by REIA

The Real Estate Institute of Australia (REIA) President, Mr David Airey has today appealed to the Reserve Bank of Australia (RBA) to take the state of the housing market into consideration when making a decision regarding official interest rates next month. Over the past month the Australian Real Estate market has began to experience a slowdown.   The market has gone ...

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Australian homes overpriced – IMF

AUSTRALIAN house prices are massively out of whack and will be brought back to earth, an expert says. In an analysis of house price busts in the OECD since the 1970s, International Monetary Fund economist Prakash Loungani told a conference in Washington that house prices would fall much farther and for much longer, Dow Jones Newswires reported. Likening the current ...

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Consumer Affairs to Publish Property Sales Data

Consumer Affairs Victoria (CAV) has announced that it will start publishing property sales data on its website in order to help keep prospective buyers and sellers informed. The information published will include: * data sources for property prices; * calculators that can make estimates of the prices of individual properties based on comparable sales; * guides on to how to ...

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