Real Estate and Property News

Australian housing most affordable in 7 years
Buying a home may not come much easier for first homebuyers - if you still have a steady income and can get the finance.
19/05/2009

China's economy bottoms out
If the latest slew of positive data is an indication, then the worst might be over for the one of the world's biggest economies.
23/04/2009

Affordable suburbs lead recovery in Perth
House prices in Perth rebounded in the March quarter, racking up a healthy 2% increase in median sale prices, according to the Real Estate Institute of Western Australia (REIWA).
21/04/2009

Australia racks up fastest population growth in 40 years
Australia's population grew by 1.84% to 21,542,000 over the 12 months to September 2008 - the fastest pace in nearly four decades.
20/03/2009

Rental boom continues
Rents continued to grow solidly across all property types in all capital cities in Australia, a new report shows.
20/03/2009

BIS Shrapnel economist taps Sydney for housing recovery
After years of being overshadowed by the local economies and housing markets in faster-growing parts of the country, New South Wales is now in the best position to weather the global financial crisis, said a leading economist last week.
16/03/2009

Urge to own first property growing: study
More Australians are interested in buying a first home now, drawn especially by the historically low interest rates, according to a new survey by a mortgage broker.
16/03/2009

Lowered stock reduces buyer advantage
With fewer buyers interested in higher-priced homes, many vendors are now pulling their properties off the market rather than drop their price.
6/03/2009

Million dollar homes slump as buyers bargain hunt
Fewer Australians are buying luxury homes in Australia as demand has shifted to the lower end, dominated by first homebuyers.
6/03/2009

Sydney, Melbourne have fastest selling properties
Sydney and Melbourne are defying a slow market with both units and houses taking about 30 days on the market to sell.
20/02/2009

Sydney auction clearance rate soars
Auction clearance in Sydney jumped to 71.1% in the first weekend of February, as first homebuyers raced to take advantage of the government grants and decade-low interest rates, according to RP Data.
20/02/2009

Bigger loans may signal rising property prices
Investors who are still sitting on the fence, waiting for things to improve, may find themselves missing out on the current buying opportunities - amid signs that property prices in some areas are starting to move upwards.
13/02/2009

Unemployment up, but existing jobs stable
The number of employed Australians rose by about 1,200 in January, but it was still not enough to keep the unemployment rate from rising to 4.8%.
13/02/2009

Softer house prices to spark home sales
House prices fell by a modest 0.8% in the December quarter, with those in all capital cities except Adelaide and Darwin lower than a year ago, according to the latest data from the Australian Bureau of Statistics.
5/02/2009

Government aid, rate cuts cushion Melbourne properties
Melbourne property prices fell more slowly than expected in the December quarter, thanks to lower rates and the First Home Owner Grant boost.
5/02/2009

Lehman unloads mansion for $100
While Florida real estate prices have sloped downwards lately, one particular markdown in November went beyond them all - and the person who sold it raised more than a few eyebrows.
5/02/2009

Australia's unsung heroes
While property investors are in the game to create personal wealth, they also contribute much to the residential market. Without investors, over 20% of Aussies who rent would have nowhere to live.
23/01/2009

High yields to tempt property investors back into the market
While many experts are predicting property values to remain relatively flat, rental yields are expected to strengthen further during the current housing shortage.
21/01/2009

Sydney primed for the highest growth in the medium term
With prices potentially bottoming out soon throughout Australia, buyers may see some excellent buying chances in the not too distant future.
21/01/2009

WA rents jump 6% in December
Investors in WA saw their rental income surge after the median house rent climbed by 6% to $370 in the December quarter.
21/01/2009

Housing affordability eases while rents continue to soar
Housing affordability across Australia has finally turned the corner thanks to the positive impact of the first rate cut in September.
4/12/2008

Australia's population soars to new record
Australia's booming population is showing no sign of slowing, with overall growth surging by 1.7% to 21.37 million over the year - its fastest pace in 19 years.
4/12/2008

Construction levels hit record highs across Australia
Investors should focus their attention on South Australia, Western Australia and Queensland following new data that shows construction levels reached record highs in the September quarter.
28/11/2008

Good news at last!
Those of us who battled through the recessions of the 1980s and 1990s may be feeling a sense of de ja vu - but this time around, the fear and panic are running deeper and broader as this unprecedented financial meltdown steamrollers its way around the world.
28/11/2008

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24/11/2008

FHOG to boost mortgage competition
Recent rate cuts and the boost to the First Home Owner Grant (FHOG) are drumming up a surge in mortgage enquiries, with one lender recording an 80% increase in enquiries since mid-October.
24/11/2008

NSW property investors hit by higher fees
The troubled NSW state government has announced that it will ramp up property transaction fees in its mini-budget this week, in a move that the industry body says will have "a direct and negative" impact on the property market.
24/11/2008

Housing prices weather financial storm
Despite the slowing economy, Australia's property prices held themselves up according to the latest Australian Bureau of Statistics House Price Index for the September Quarter.
7/11/2008

Investors urged to think long-term
Investors have the opportunity to pick up heavily discounted property in the current market - but to realise maximum profit, they need to adopt a long-term strategy and focus on location, according to an industry expert.
7/11/2008

Inner Sydney units offer good investment prospects
Investors looking for affordable and high yield properties should consider looking at Sydney's inner city units, according to RP Data.
30/10/2008

Why Australian house prices are unlikely to fall
While the merchants of doom have been busy peddling their gloomy views of a massive drop in housing prices, one of Australia's leading economists said the dire prediction is unlikely to happen.
24/10/2008

Optimism returns to office property sector
Signs of optimism have emerged in the office property market, with experts tipping solid medium-term growth in Perth and Adelaide.
24/10/2008

Have we reached the bottom of the property cycle?
The bad news: property values remain stagnant. The good news: things can only get better from here for national prices.
10/10/2008

Rate cut boosts buying power by 10%
Investors and first homebuyers look set to re-enter the property market in droves following the surprise 1% rate cut by the Reserve Bank of Australia, according to experts.
10/10/2008

$4bn cash injection to pressure banks to pass on rate cuts
Australian consumers will be the big winners benefiting from the federal government's move to inject $4bn into the non-bank mortgage market.
3/10/2008

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