According to the Housing Figures issued for March 2010 by the Australian Bureau of Statistics (ABS), the number of home loans for owner occupied homes fell by 4.1 per cent, compared to the previous month. “This is the ninth consecutive month of falls in housing finance.  We are now down to the levels of the global financial crisis in 2008”, ...

A LAND tax relief package which will increase the tax-free threshold to $300,000 from July 1 will be introduced into the South Australian State Parliament today by Treasurer Kevin Foley. Legislation will deliver the cuts outlined in the 2009-10 Mid-Year Budget Review earlier this year. More than l00,000 SA property-owners will benefit. Almost two-thirds of current land taxpayers will no ...

REAL estate experts are bracing for the housing market to finally slow down, as the effects of the latest interest rate rise filters through to buyers. Despite six interest rate rises in the past eight months, the demand for housing has outweighed the extra costs. Buyers have continued to push house prices up to 20 per cent higher in many ...

April 2010 has seen a significant expansion in the Australian Construction Sector – with the most significant increase in the construction of new apartments. Such expansion has not been seen for over 2 years. The Australian Industry Group (HIA) Performance Construction Index rose 4.8 points in April to a seasonally adjusted 55.8 points.All the major sectors in the construction index ...

Michael Yardney is a director of Metropole – Property Investment Strategists and a best selling author with his new property update. He is one of Australia’s leading experts in the psychology of success and wealth creation through property. Property Update 7th May 2010