Australian Property News
Melbourne expected to stay strong
Posted on Tuesday, February 09 2010 at 9:59 AM.Melbourne has been credited with leading the next property boom and the market is expected to stay strong for some time. Read more
WA median prices strengthen
Posted on Monday, February 08 2010 at 3:46 PM.The Western Australia property market has sprung back with strong median price growth in houses and units, according to the Real Estate Institute of Western Australia (REIWA). Read more
Rates still expected to rise in 2010
Posted on Friday, February 05 2010 at 5:20 PM.Three consecutive interest rate rises may have bought the Reserve Bank of Australia (RBA) a little time to sit on the sidelines in early 2010, according to CommSec economist Savanth Sebastian. Read more
Private house approvals up
Posted on Thursday, February 04 2010 at 9:58 PM.Approvals for private sector houses rose by 3.1 per cent in December following a fall in the previous month, according to the Australian Bureau of Statistics. Read more
Construction shows signs of a recovery
Posted on Thursday, February 04 2010 at 8:27 AM.While the Australian construction industry was hit by the global financial crisis (GFC) last year, things are looking up this year. Read more
Affordability makes Hobart tops for growth
Posted on Wednesday, February 03 2010 at 4:08 PM.Figures out today that show property in Hobart has outperformed its mainland cousins over the past decade might come as a surprise to some property watchers, but not to professionals working in the local market. Read more
Land sales point to building boost
Posted on Wednesday, February 03 2010 at 3:37 PM.Land sales and prices both climbed in the September 2009 quarter, figures from the Housing Industry Association and RP Data show. Read more
Migration needed to keep economy healthy
Posted on Wednesday, February 03 2010 at 10:34 AM.Migration will play the key role in reducing the economic dent the ageing population will have on the Australian economy, according to the Federal Government’s recently released 2010 Intergenerational Report that tackles the social and economic issues Australia will be faced with over the next 40 years. Read more
Dreams of home ownership slipping away
Posted on Tuesday, February 02 2010 at 6:10 PM.Owning a home is really starting to become just a dream for Sydneysiders, according to the Urban Taskforce. Read more
Invasion of the property investors
Posted on Tuesday, February 02 2010 at 5:24 PM.Now that the First Home Owners Boost has ended, property investors are "invading the residential real estate market", according to an Australian mortgage broker group. Read more
Couples take joint approach to property
Posted on Tuesday, February 02 2010 at 4:36 PM.Buying property is a joint decision for most couples, according to a PRDnationwide poll that found both partners are involved in the decision-making process in 65 per cent of households Read more
Interest rates on hold
Posted on Tuesday, February 02 2010 at 4:34 PM.The Reserve Bank of Australia (RBA) has surprised economists by leaving official interest rates on hold at 3.75 per cent, partly in response to the fact lenders had already increased their interest rates by more than the central bank. Read more
Don't buy for the wrong reasons
Posted on Tuesday, February 02 2010 at 12:10 PM.It has been well reported that Australia - or parts of it - is facing a housing shortage, but that's not necessarily a good reason to buy, according to a property expert. Read more
Retirement income can be found in the family home
Posted on Monday, February 01 2010 at 10:05 AM.Rising home values can benefit retirees, according to Homesafe Solutions. Read more
Housing confidence back to boom times
Posted on Monday, February 01 2010 at 9:57 AM.Housing confidence is back to the housing boom high, according to the Mortgage and Finance Association of Australia (MFAA). Read more
Victorian homes must comply with star rating
Posted on Friday, January 29 2010 at 9:25 AM.If you build a new home or renovate an old one in Victoria it must comply with energy efficiency and water saving regulations, known as Five Star. Read more
Shop around for best rate
Posted on Friday, January 29 2010 at 9:21 AM.As the Reserve Bank is expected to lift the official cash rate to four per cent next Tuesday, mortgage holders must assume lenders will mirror this move, according to financial comparison website RateCity. Read more
Property prices rise as expensive suburbs recover
Posted on Thursday, January 28 2010 at 11:26 AM.The more expensive suburb investors drove the national market to a 12.1 per cent median house price rise for 2009, according to Australian Property Monitors (APM). Read more
CPI rise doesn’t mean rates should rise
Posted on Thursday, January 28 2010 at 11:23 AM.The consumer price index (CPI) increased by 0.8 per cent for housing in the December 2009 quarter, compared to an increase in overall inflation of 0.5 per cent. Read more
Inexperienced prefer brokers
Posted on Wednesday, January 27 2010 at 4:52 PM.First-time buyers are most likely to use a mortgage broker to find a suitable home loan, according to recently released data. Read more
First homebuyers will still be active
Posted on Wednesday, January 27 2010 at 10:52 AM.Many first homebuyers continued to purchase after the First Home Owners Boost (FHOB) was scaled back last year and many will continue to purchase now that it has ended too, according to Mortgage Choice. Read more
Melbourne's record breaking median rise
Posted on Monday, January 25 2010 at 4:55 PM.Melbourne's median house price has surged 15 per cent to a record high of $540,500 in the recent quarter, according to the Real Estate Institute of Victoria (REIV). Read more
Myth buster: housing more affordable now
Posted on Monday, January 25 2010 at 7:19 AM.Housing affordability has eased slightly over the past six years, according to a new measure of housing affordability. Read more
House prices expected to rise
Posted on Friday, January 22 2010 at 6:00 PM.Australians expect house prices to rise over the next 12 months, according to January's Westpac-Melbourne Institute Consumer Sentiment Survey.