Australian Property Updates

Property Information & Real Estate Updates

The Government Strategy on housing supply

A State of Supply report was released this week by the Federal Government’s National Housing Supply Council.  By far the most significant finding set out in the report was the fact that nationally Australia is suffering  from a gross undersupply of housing.  The report estimates a national shortage of at least 178,400 dwellings. The greatest housing shortage was found to ...

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Sydney vs. Melbourne

The Premier of NSW, Kristina Keneally does not agree with recent claims by BIS Shrapnel that Sydney will drop behind Melbourne in population within 30 years due to a housing shortage. According to industry experts Sydney’s housing market faces more challenges than Melbourne and has greater chronic housing shortages. A recent report by the economic forecaster BIS Shrapnel claims that, ...

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House Prices across Australia are on the rise with no end in sight

Auction clearance rates are on average around 70% – however Melbourne and Sydney are doing even better than the other capital cities. According to Australian property values were up 2.0 per cent in January and a further 1.4 per cent in February 2010. While first home buyers are rapidly being priced out of the property market, cashed up investors ...

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