Australian Property News

Cash rate held for another month

Posted on Tuesday, September 01 2015 at 2:43 PM.

The Reserve Bank of Australia (RBA) left the cash rate on hold once again this afternoon, at 2 per cent, which came as little surprise to most, with the finder.com.au survey finding that 31 of the 32 experts asked had expected as much. Read more

Sydney houses surpass $1 million median with 7.58% three-month jump

Posted on Monday, August 31 2015 at 3:14 PM.

Research released today by Onthehouse.com.au has revealed that Sydney’s housing market has surpassed even its own average quarterly growth rate of 3.05 per cent, recording an astonishing 7.58 per cent in the three-month period ending July 2015. Read more

UDIA: Time to depoliticise council planning

Posted on Friday, August 28 2015 at 10:42 AM.

The state government’s decision to disallow those with a pecuniary interest to vote on council matters is a good first step but more needs to be done to depoliticise council planning decisions, according to the Urban Development Institute of Australia (UDIA) NSW. Read more

Are Brisbane auctions going the way of Sydney?

Posted on Monday, August 24 2015 at 12:16 PM.

A weekend auction in Brisbane’s Dutton Park points to Queensland’s capital pushing past reserves in much the same way Sydney and Melbourne have been doing for some time. Read more

Sydney vacancy rates fall

Posted on Tuesday, August 18 2015 at 2:30 PM.

A tightening in Sydney’s vacancy rate shows supply is meeting demand, according to the Real estate Institute of New South Wales (REINSW). Read more

Renovations rule, not holidays or weddings

Posted on Friday, August 14 2015 at 12:01 PM.

Aussies are more likely to take out a loan for home improvements than they are to borrow money for an exotic overseas holiday or wedding, according to new data from customer-owned lender CUA. Read more

Home reno costs are down in Queensland

Posted on Monday, August 10 2015 at 4:05 PM.

The cost of renovating your home in Queensland has dropped one per cent so that it’s now the most affordable state in which to renovate, according to a new report.

 Read more

Better news from the West, with Albany on top

Posted on Friday, August 07 2015 at 12:16 PM.

The area of Albany has emerged as the best performing regional centre for West Australian property over the last financial year, according to the Real Estate Institute of Western Australia (REIWA). Read more

Renters could feel APRA backlash

Posted on Wednesday, August 05 2015 at 10:53 AM.

While it had been fully expected that the Reserve Bank of Australia (RBA) would keep the cash rate on hold at yesterday's board meeting, all eyes are on investment lending as new research by comparison website finder.com.au shows rents are expected to rise by 2.8 per cent. Read more

Cash rate unmoved for another month

Posted on Tuesday, August 04 2015 at 2:41 PM.

In a move that had been widely predicted, the Reserve Bank of Australia announced today that the cash rate will remain at 2.0 per cent. It came down to that level on May 6, 2015, and has remained there ever since. Read more

Property investment body calls for balanced approach

Posted on Monday, August 03 2015 at 11:03 AM.

The Property Investment Professionals of Australia (PIPA) has questioned the move by lenders to increase interest rates to both new and existing property investors, urging regulators and government to take a more balanced approach in working to encourage a sustainable and flourishing property market. Read more

Loans to investors still high – but investors should take care

Posted on Friday, July 31 2015 at 4:13 PM.

Property investors are being warned to watch their home loan interest rates, while new investors will face a tougher time securing an investment loan, following new research into home loan market lending growth by comparison website finder.com.au. Read more

Affordability index sees fall in June quarter

Posted on Friday, July 31 2015 at 12:03 PM.

The Housing Industry Association (HIA) Affordability Index fell in the June 2015 quarter, signalling a deterioration in affordability conditions. Read more

Another big lender makes investor loan changes

Posted on Wednesday, July 29 2015 at 1:17 PM.

AMP Bank will not be accepting new or assessing existing investor property lending applications from today, it has announced. This is expected to last until later in 2015, depending on market conditions. Read more

50% of investors plan to buy in next year

Posted on Monday, July 27 2015 at 10:11 AM.

Recent research by property investment experts MRD Partners has revealed that more than half of property investors would like to buy a property over the next 12 months, and also that Queensland is the state of choice for property investors looking to buy. Read more

Most still feel now’s a good time to buy

Posted on Friday, July 24 2015 at 1:51 PM.

A majority of survey respondents think it’s a good time to buy property despite rising capital city home values over the past three years according to the CoreLogic RP Data Nine Rewards Consumer sentiment survey, released today. Read more

ANZ increases investor loan rates

Posted on Thursday, July 23 2015 at 3:13 PM.

ANZ today announced interest rates for residential investment property loans will increase to manage investor lending growth targets and in response to changing market conditions. Read more

Sydney median breaks $1m mark

Posted on Wednesday, July 22 2015 at 3:49 PM.

The June House Price Report from Domain.com.au has today revealed that house prices in Sydney have surged 22.9 per cent over the last 12 months – double the national median house price growth of 11.7 per cent – to $1 million. Read more

Massive home building boom set to move into oversupply

Posted on Monday, July 20 2015 at 10:56 AM.

According to economic forecaster BIS Shrapnel, the record-beating residential building boom has already reached its peak and will soon begin to run out of steam. Read more

States shout louder for stamp duty changes

Posted on Friday, July 17 2015 at 2:29 PM.

Several states across the country are calling for more action on the subject of stamp duty and, particularly, the scrapping of it. Read more

Popularity of depreciation schedules rising

Posted on Wednesday, July 15 2015 at 2:39 PM.

The number of investors relying on tax depreciation schedules to maximise investment property returns is increasing, according to one firm. Read more

Aussies think stamp duty is “most unfair tax”

Posted on Monday, July 13 2015 at 11:57 AM.

According to new research, there has been a significant shift in community attitudes toward tax reform in Australia. Stamp duty on property purchases ranks as the least fair and most punitive, with a majority of Australians wanting it abolished and strong support for increasing GST to retire stamp duty. In contrast, GST is considered the fairest of all current taxes. Read more

SA unemployment rate sounds alarm bells

Posted on Friday, July 10 2015 at 3:02 PM.

The peak body for Australia’s $680 billion property industry says it’s time to get serious about creating “the best state to do business” in South Australia. Read more

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

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