Australian Property News

RBA keeps cash rate at same level

Posted on Tuesday, July 07 2015 at 2:38 PM.

Just as predicted by the 33 experts and economists surveyed by finder.com.au, the Reserve Bank of Australia (RBA) announced this afternoon that the cash rate will be staying at two per cent for at least another month. Read more

Excessive yearly falls in sales listings

Posted on Monday, July 06 2015 at 12:36 PM.

The number of Australian residential property sale listings fell in all capital cities during the month of June, according to SQM Research, with falls in Sydney and Melbourne larger than expected for this time of year. Read more

‘Property Value’ tool hits the market

Posted on Friday, July 03 2015 at 12:47 PM.

As announced in this month’s Australian Property Investor magazine (which is on sale now, folks!), property data and research company CoreLogic RP Data has today launched its new consumer property information website Property Value (www.propertyvalue.com.au). Read more

Calls for commission to consider retirees

Posted on Wednesday, July 01 2015 at 11:21 AM.

Calls have been made by executive chairman of Raine & Horne Angus Raine for the Greater Sydney Commission (established in last week’s NSW Budget) to help promote more suitable housing for retirees, such as low-density apartment blocks and villas, in order to help address the city’s real estate affordability issues. Read more

Renters in the north, movers in the south

Posted on Friday, June 26 2015 at 1:59 PM.

While a third of Australians are currently renting property, a new Nielsen report from Domain.com.au has revealed that the Northern Territory has the highest percentage of renters in the country (43 per cent), followed by Queensland (37 per cent). 
 Read more

NSW Gov promises $400m boost to help housing affordability

Posted on Monday, June 22 2015 at 10:32 AM.

Last week’s New South Wales State Budget will inject a record $400 million into the Housing Acceleration Fund (HAF) in order to speed up the delivery of more housing and put downward pressure on home prices, according to a government spokesperson. Read more

Government’s looking to the north

Posted on Friday, June 19 2015 at 4:40 PM.

The Australian Government yesterday released its White Paper on Developing Northern Australia: Our North, Our Future, the country’s first White Paper on developing northern Australia, describing it as “an essential part of our plan for a strong, prosperous economy and a safe, secure Australia”. Read more

Study shows FHB investors least well off

Posted on Tuesday, June 16 2015 at 2:00 PM.

A new study by comparison website Finder.com.au has found that first homebuyer investors are the least well off in the Australian property market despite being in a better financial position. Read more

Brisbane’s softer median mostly seasonal

Posted on Wednesday, June 10 2015 at 4:39 PM.

A 3.3 per cent fall in Brisbane’s median house value was seasonal and expected according to the Real Estate Institute of Queensland’s (REIQ). Read more

WA: sales are stable but rents still falling

Posted on Friday, June 05 2015 at 11:25 AM.

Data released today by the Real Estate Institute of Western Australia (REIWA) shows Perth’s median house price steady at $547,000 for the three months to May but metropolitan rents falling. Read more

Calls for more investor education and less lending restrictions

Posted on Tuesday, June 02 2015 at 4:17 PM.

The Property Investment Professionals of Australia (PIPA) believe moves to tighten lending to investors aren’t the most effective way to cool booming capital city markets. Read more

RBA announcement: cash rate to stay at 2%

Posted on Tuesday, June 02 2015 at 2:45 PM.

The Reserve Bank of Australia’s governor Glenn Stevens announced today that the cash rate will remain at two per cent for at least another month. Read more

New home sales show another lift

Posted on Monday, June 01 2015 at 12:00 PM.

The latest result for the Housing Industry Association (HIA) New Home Sales Report, a survey of Australia’s largest volume builders, reveals a fourth consecutive monthly rise. Read more

First timers grant changes cause confusion

Posted on Friday, May 29 2015 at 11:25 AM.

Calls have been made for the Western Australia Parliament to provide first homebuyers with more certainty following the recent budget announcement that the $3000 First Home Owners Grant (FHOG) will be terminated. Read more

Data confirms Qld is growing

Posted on Monday, May 25 2015 at 1:58 PM.

The Sunshine State is establishing its growth potential according to data released by the Real Estate Institute of Queensland (REIQ). Read more

WA first homebuyers can still access grant

Posted on Friday, May 22 2015 at 2:14 PM.

The president of the Real Estate Institute of Western Australia (REIWA), David Airey, is reminding first homebuyers that the $3000 grant for established homes is still in place for a short time and hasn’t been abolished yet. Read more

Softer rental numbers continue

Posted on Monday, May 18 2015 at 4:15 PM.

Market analysts SQM Research have released figures showing residential vacancies climbed nationally in April 2015. Read more

Home building levels still falling short

Posted on Monday, May 18 2015 at 12:25 PM.

The latest Housing Industry Association National Outlook reveals a record level of home building activity that still falls short of the current demand for new dwellings. Read more

Auction numbers for the coming weekend

Posted on Friday, May 15 2015 at 3:06 PM.

According to CoreLogic RP Data there are just 1934 auctions scheduled across the nation’s capital cities this week, down from the 2426 held last week, when for the fourth week in a row, the combined capital city clearance rate was recorded above 78 per cent, at 78.2 per cent. Read more

First homebuyer numbers continue to fall

Posted on Wednesday, May 13 2015 at 3:21 PM.

First homebuyers are being pushed further out of the property market by investors, according to data released by the Australian Bureau of Statistics (ABS). Read more

REINSW says foreign investment taxes do more harm than good



Posted on Monday, May 11 2015 at 2:43 PM.

The decision by the Victorian government to increase transfer duty and land tax payable by foreigners has been criticised by the Real Estate Institute of New South Wales. Read more

New home sales hit a four-year high

Posted on Wednesday, May 06 2015 at 4:18 PM.

A survey by industry group Housing Industry Australia (HIA) shows strong new home sales growth in March 2015 has taken sales volumes to their highest level since early 2010. Read more

Interest rate reduction predicted

Posted on Tuesday, May 05 2015 at 2:32 PM.

The decision by the Reserve Bank of Australia (RBA) to reduce the cash rate 25 basis points to two per cent today was widely predicted and is an unfortunate sign of deepening economic woes. Read more

Sydney’s median house price bolts past $900,000

Posted on Thursday, April 30 2015 at 12:17 PM.

According to the Domain Group’s House Price Report for March Quarter 2015, the New South Wales capital now has a median house price of $914,056. Read more

Real estate roadshow a chance to share ideas

Posted on Tuesday, April 28 2015 at 1:19 PM.

The Real Estate Institute of New South Wales says it will be highlighting “the issues that matter” in its sixth annual state-wide roadshow throughout the months of May and June. Read more

Home renovations slow in 2015

Posted on Friday, April 24 2015 at 4:46 PM.

The Housing Industry Association (HIA) has released its Autumn 2015 Renovations Roundup report concluding that the home renovation industry has softened this year. Read more

Research reveals importance of foreign investment

Posted on Friday, April 24 2015 at 11:54 AM.

Data released today shows foreign investment is an essential ingredient in Australia’s property industry that helps drive new residential supply and ease pressure on housing affordability. Read more

Land value rises fuelled by undersupply

Posted on Wednesday, April 22 2015 at 5:03 PM.

Vacant sites are set to see price growth as demand continues to outstrip supply, according to one industry report. Read more

Crackdown on underquoting questioned

Posted on Friday, April 17 2015 at 3:53 PM.

Experts in the real estate industry are questioning the effectiveness of New South Wales Premier Mike Baird’s recent pledge to crack down on underquoting. Read more

The positives of negative gearing for middle Income earners

Posted on Thursday, April 16 2015 at 8:55 AM.

Forget big time property magnates as the major beneficiaries of negative gearing; the latest Australian Taxation Office (ATO) statistics show it’s middle-income earners as the chief recipients. Read more

Low interest rates are having effect

Posted on Monday, April 13 2015 at 11:52 AM.

The April St. George-Melbourne Institute Household Financial Conditions Report reveals that financial conditions for Australians have improved on a year ago, home renovations are at a 10-year high and renters are becoming big winners. Read more

Auction volumes slow to pick up after long weekend

Posted on Friday, April 10 2015 at 10:22 AM.

In response to the Easter long weekend, capital city auction markets took a break last week, with only 653 capital city auctions held, down significantly from 3668 over the previous week. Read more

Interest rates on hold for now

Posted on Tuesday, April 07 2015 at 2:48 PM.

The Reserve Bank of Australia (RBA) has once again decided to leave interest rates as they are today, meaning the cash rate still sits at 2.25 per cent. Read more

Pain and gain depends on postcode

Posted on Monday, March 30 2015 at 11:41 AM.

CoreLogic RP Data has released its quarterly Pain & Gain Report and its author, analyst Cameron Kusher, notes that making a gross profit or loss on property differs significantly from property to property and area to area, and in some instances is based on the length of time a property’s been owned. Read more

Owners holding homes for longer

Posted on Friday, March 27 2015 at 11:58 AM.

CoreLogic RP Data research analyst Cameron Kusher has released research that shows homes are being owned for longer across Australia, with the average number of years a capital city house is owned climbing from 6.8 years a decade ago to 10.5 years over the past 12 months. Read more

Is it a gift or just a guarantee?

Posted on Monday, March 23 2015 at 11:17 AM.

Any parents wanting to assist their offspring in buying their first property have been warned to carefully consider how they provide the funds, to ensure they’re best protected. Read more

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