Australian Property Updates

Property Information & Real Estate Updates

First home buyers walking away in WA

The first home buyers’ market in Western Australia has collapsed on the back of rising interest rates, the state’s peak real estate body says. Figures from the office of state revenue reveal first home buyers dropped over 50%, from 2300 in April 2009 to 988, in the same month this year. Real Estate Institute of Western Australia (REIWA) president Alan ...

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Property Developers drop Sydney due to high costs

SYDNEY is being shunned. The big residential developers are pinning hopes of future profits on Melbourne, Perth and Adelaide. Brisbane has also fallen out of favour.Researchers constantly identify Sydney as the city of opportunity due to a undersupply of housing and rising prices, but the city’s costs are high, it is being stung by a new state tax and it ...

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Sydney is lagging behind Melbourne in growth of property market: what are the impacts for home buyers in these cities?

Aussie’s John Symond looks at the fact that Melbourne is growing faster than Sydney. What are the impacts for home buyers in these cities? John Symond, Executive Chairman of Aussie, is widely credited with bringing competition to the Australian home lending industry, forcing the banks to drop their mortgage interest rates and lifting their service levels.

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What Lies Ahead for the Housing Market – by REIA

REIA President, Mr David Airey will today present ‘What Lies Ahead for the Housing Market’ at the Australian Financial Review’s Residential Property Conference being held at the Sheraton on the Park, Sydney. “The presentation looks at where we are now and where the housing market is heading and aims to explain the behaviour of house prices and to identify factors ...

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Tenants fall victim to Mortgage Stress

As landlords fail to meet mortgage obligations and default on loans hundreds of renters are being kicked out of homes. Banks have been accused of breaking eviction laws by forcing some tenants out too soon. Some tenants are not given the minimum notice required by law. Tenants Union of Victoria spokesman Toby Archer said renters were the forgotten victims of ...

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