Australian Property News
Outlook for property prices remains strong
Posted on Thursday, July 29 2010 at 9:47 AM.Robust demand for properties in Australia’s more affordable capital city suburbs has driven solid house price growth in the June quarter, according to the Australian Property Monitors (APM) Quarterly Housing Report Read more
Kippa-Ring positioned for price growth with election promise of rail
Posted on Thursday, July 29 2010 at 9:14 AM.Kippa-Ring property prices will surge if the Australian Labor Party (ALP) wins the Federal Election and delivers its pledge to build Brisbane a $1.15 billion Moreton Bay train connection from Petrie to Redcliffe Peninsula Read more
ACT leads the nation in holiday rental occupancy rates
Posted on Wednesday, July 28 2010 at 1:46 PM.Sixty per cent of ‘smaller’ end holiday rental property managers have forecasted holiday occupancy rates to climb in the next quarter and for the same period in 2011, according to The Occupancy Accommodation Index. Read more
Confidence returns for property investors
Posted on Wednesday, July 28 2010 at 11:24 AM.A new survey confirms high-income property investors have returned to the Australian property market with the intention to buy, a considerable shift from the same time last year. There has been a nine per cent increase in demand by investors looking to buy a property at the upper end of the market, according to the realestate.com.au’s Consumer Insights Report (Buy). Read more
ACT outpaces the nation
Posted on Wednesday, July 28 2010 at 11:21 AM.Western Australia may lead the nation as the strongest overall economy, but the Australian Capital Territory is leaps and bounds ahead in its housing finance levels and dwelling starts, according to CommSec Read more
Inner city leads NSW house price growth
Posted on Tuesday, July 27 2010 at 4:51 PM.New South Wales suburbs close to the CBD are the first to show signs of significant price recovery, new research reveals. Read more
Australian property market back in favour
Posted on Tuesday, July 27 2010 at 4:41 PM.Favour is once again swinging in the direction of property as a more secure investment choice than other alternatives, according to RE/MAX Australia regional director Nicholas Thiele. Read more
Rise in number of $500K loans
Posted on Tuesday, July 27 2010 at 12:42 PM.The number of people taking loans of more than $500,000 to purchase property has risen by an average of 13 per cent nationwide during the past 12 months, according to leading mortgage broker Loan Market. Read more
Brisbane offers more development opportunities
Posted on Tuesday, July 27 2010 at 10:30 AM.Development opportunities seem to be more plentiful in Brisbane at the moment than in other capital cities, observes Ed Nixon of Trilogy Investment Property Funding. Read more
$1.2 billion First Home Saver Accounts go untouched
Posted on Monday, July 26 2010 at 11:36 AM.The Federal Government’s First Home Saver Accounts have reportedly gone almost untouched since they were announced in the 2008 Budget. Read more
Regional cities in need of employment initiatives
Posted on Thursday, July 22 2010 at 4:54 PM.Employment-generating infrastructure and services in regional cities needs to be the Federal Government's primary focus in releasing pressure from the capital cities, according to a Cairns property spokesperson. Read more
REIA puts forward proposal for comprehensive housing policy
Posted on Thursday, July 22 2010 at 4:37 PM.The Real Estate Institute of Australia (REIA) wants support from politicians for a comprehensive housing policy. Read more
Infrastructure given a boost in regional cities
Posted on Wednesday, July 21 2010 at 3:22 PM.A $200 million Federal Government initiative to remove pressure from capital cities and encourage more affordable housing in regional areas has been promised if the Australian Labor Party is returned to power. Read more
CGT exemption must remain on family homes
Posted on Wednesday, July 21 2010 at 3:20 PM.All political parties must take the stance against a capital gains tax (CGT) being imposed on the family home, according to Real Estate Institute of Australia president David Airey. Read more
Shot in the arm for Aussie property market
Posted on Wednesday, July 21 2010 at 2:50 PM.An August Federal Election will be good timing for the Australian property market, according to a real estate company. Read more
First homebuyers could be more active
Posted on Wednesday, July 21 2010 at 2:32 PM.First homebuyer participation in the property market has clearly fallen this year but BIS Shrapnel expects them to start coming back into the market in greater numbers towards the end of the year. Read more
Homeowners like to live close to work
Posted on Tuesday, July 20 2010 at 5:01 PM.Homeowners don't want to endure a long commute to work if they can help it, according to a PRDnationwide poll. Read more
Energy efficiency mandatory disclosure to start in October
Posted on Monday, July 19 2010 at 2:14 PM.Mandatory disclosure of commercial building energy efficiency will come into effect in less than three months. Read more
Alternatives sought to acquire home loan deposit
Posted on Thursday, July 15 2010 at 4:57 PM.The use of gifts and family equity have become more popular ways of securing a deposit for a home loan since the global financial crisis, according to Loan Market. Read more
Gazumping reduced if NSW vendor disclosure is enforced
Posted on Thursday, July 15 2010 at 4:47 PM.If the New South Wales Government pushes mandatory vendor disclosure on building and pest inspections through Parliament, gazumping would taper off and burdening costs on the buyer would be eliminated, says EPS property search director and buyers agent Patrick Bright. Read more
Individual property wealth hits record highs as economy bounces back
Posted on Thursday, July 15 2010 at 4:44 PM.Wealth in property has hit record highs, with total private sector wealth raised by 2.4 per cent to $5.77 trillion, according to the March data compiled by the Australian Bureau of Statistics and Federal Treasury. Read more
New housing guidelines should also apply to renovations
Posted on Thursday, July 15 2010 at 4:42 PM.The new voluntary code of Cradle to Grave Housing Guidelines should apply to renovations as well as building, according to Archicentre. Read more
Melbourne and Canberra continue to thrive in unit construction
Posted on Wednesday, July 14 2010 at 4:01 PM.High-rise unit construction is forecast to surge over the next 12 months, according to international property and construction consultants Davis Langdon. Read more
Housing finance figures stabilise
Posted on Wednesday, July 14 2010 at 4:00 PM.Housing finance figures are starting to stabilise after a soft beating from interest rate rises over the past nine months, according to the Australian Bureau of Statistics (ABS). Read more
More Aussies holidaying on the road
Posted on Tuesday, July 13 2010 at 3:05 PM.Some types of holiday accommodation in Australia are suffering from lower occupancy rates, while figures show a rise in the use of caravans among domestic vacationers. Read more
Rise in dwelling commitments
Posted on Tuesday, July 13 2010 at 3:02 PM.The total value of dwelling commitments increased by 0.7 per cent in May, seasonally adjusted, according to figures from the Australian Bureau of Statistics. Read more
Over 50s should consider strategy
Posted on Friday, July 09 2010 at 2:02 PM.Over 50s can lose money both now and later if they use the incorrect strategy for their investment properties, according to property investing expert, educator and mentor Jennie Brown. Read more
Negligible growth in rents
Posted on Thursday, July 08 2010 at 11:36 AM.National rental rates have remained flat over the June quarter, according to research by RP Data. Read more
New hardware superstore chain reflects buoyant renovations market
Posted on Thursday, July 08 2010 at 9:59 AM.With a new hardware superstore positioning itself for widespread release into the national market next year, experts say it’s a positive reflection of the surging renovations market despite continuing economic volatility in the European markets and lingering economic uncertainty locally. Read more
Increased building protection for NSW homeowners
Posted on Thursday, July 08 2010 at 9:55 AM.New provisions in the Home Warranty Insurance Scheme now apply, better protecting New South Wales homeowners. Read more
First homebuyers forced to save for longer
Posted on Tuesday, July 06 2010 at 6:19 PM.Housing affordability has continued to deteriorate over the past year, with a new report finding first homebuyers now need four and a half years to save for a house deposit. Read more
Official interest rate remains unchanged
Posted on Tuesday, July 06 2010 at 3:15 PM.The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.5 per cent at its meeting today. Read more
Labour productivity improves in construction industry
Posted on Monday, July 05 2010 at 8:20 PM.The Australian construction industry experienced a rise in labour productivity during 2009 and into 2010, according to research by global construction consultants Davis Langdon. Read more
LVRs hit a record low
Posted on Monday, July 05 2010 at 5:46 PM.With credit still restricted and lenders demanding higher deposits, loan-to-value ratios (LVRs) have hit an all-time national low, according to the Australian Finance Group (AFG). Read more
Interest rates could fall
Posted on Monday, June 28 2010 at 8:03 PM.Official interest rates are likely to be reduced, according to mortgage broker Loan Market. Read more
Opportunities among the slowdown
Posted on Monday, June 28 2010 at 7:59 PM.Rents have plateaued in many parts of Australia and vacancy rates have softened causing concern for investors, according to Matthew Gross of National Property Research. Read more
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