Australian Property News

Sydney market keeps firing

Posted on Thursday, January 29 2015 at 9:24 AM.

The New South Wales capital continued to be the nation’s outstanding market performer, according to the Domain Group. Read more

Second consecutive rise for home sales

Posted on Friday, January 23 2015 at 10:48 AM.

The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders, highlights a second consecutive rise for sales in the month of November 2014. Read more

School catchment premiums quantified

Posted on Wednesday, January 21 2015 at 3:08 PM.

Demand for homes in close proximity to highly regarded schools is generating a five per cent value premium, according to one real estate group. Read more

Assessment system ripe for change

Posted on Monday, January 19 2015 at 1:44 PM.

The Property Council of Australia is calling for reform of Queensland’s planning and development assessment system, saying it’s needed to reduce the cost of new housing for Queenslanders. Read more

Lack of discipline hitting property dreams

Posted on Friday, January 16 2015 at 10:41 AM.

Most property investors know that if you want to play the game right, saving up some cash is going to have to come into play somewhere along the line. Read more

WA has most loss-making resales

Posted on Thursday, January 15 2015 at 9:19 AM.

Regional Western Australia surpassed regional Queensland for recording the highest proportion of loss-making resales in the September quarter 2014, according to CoreLogic RP Data. Read more

Aussies now face $1m price tag for homes

Posted on Monday, January 12 2015 at 12:38 PM.

The Australian dream of homeownership carries a $1 million price tag for many, following new research by comparison website finder.com.au. Read more

Rental figures remain flat

Posted on Friday, January 09 2015 at 2:16 PM.

The CoreLogic RP Data Rental Review, released this week, has confirmed that while dwelling values continue to increase, rental growth is sitting at its lowest annual rate in more than a decade, with combined capital city rents increasing by just 1.8 per cent over the past 12 months. Read more

Demand drops for fixed-interest loans

Posted on Wednesday, January 07 2015 at 1:38 PM.

Data released by mortgage broker Mortgage Choice shows demand for fixed-interest rate loans has fallen to a 22-month low. Read more

2015 outlook mainly positive

Posted on Thursday, December 18 2014 at 10:05 AM.

According to CoreLogic RP Data head of research Tim Lawless the housing market is moving into the 2015 calendar year with some substantial momentum, with dwelling values 8.5 per cent higher compared with a year ago across the combined capitals. The growth comes on a backdrop of slowing conditions though, with the annual rate of capital gain peaking early in the year at 11.5 per cent over the 12 months ending April. Read more

Inner Sydney vacancy rate hits 22-month low

Posted on Wednesday, December 17 2014 at 2:49 PM.

Vacancy rates across Sydney remain flat as a result of the inner city carrying outer suburbs, according to the Real Estate Institute of New South Wales (REINSW). Read more

Top sellers in the south

Posted on Monday, December 15 2014 at 10:49 AM.

National residential property website realestate.com.au has released its quarterly ‘Top Sellers’ Markets’ figures, which reveal that South Australia is in the lead when it comes to demand from potential buyers searching on the website. Read more

SMSF recommendations “unhelpful and self-defeating”

Posted on Wednesday, December 10 2014 at 4:39 PM.

A recommendation to abolish leveraging in self-managed super funds (SMSF) has received stern criticism from advisory firm Chan and Naylor. Read more

WA housing affordability improves

Posted on Monday, December 08 2014 at 10:29 AM.

There’s good news for homebuyers according to the latest Adelaide Bank/ Real Estate Institute of Australia housing affordability report for the September quarter. Read more

Surprise GDP slowdown

Posted on Wednesday, December 03 2014 at 1:54 PM.

Third quarter GDP data released by the Australian Bureau of Statistics (ABS) shows an unexpected drop in activity. Read more

Entire year of steady rate for first time in a decade

Posted on Tuesday, December 02 2014 at 2:30 PM.

In its final announcement for 2014, the Reserve Bank of Australia (RBA) has today announced that there will be no change to the official cash rate this year, keeping it at 2.5 per cent for the 15th meeting in a row. Read more

Homebuyers aren’t establishing auction strategy

Posted on Monday, December 01 2014 at 2:48 PM.

New research conducted by St George Bank has revealed that six out of 10 homebuyers don’t have a strategy in place to help secure that winning bid under the hammer, and nearly half (48 per cent) admit to not being as prepared as they could be ahead of an auction. Read more

Australians comfortable with mortgage debt

Posted on Wednesday, November 26 2014 at 4:26 PM.

Data released by one Australian bank indicates that 68 per cent of Australian households are ‘very comfortable’ with their home loan. Read more

Home renovations hit a post-GFC high

Posted on Monday, November 24 2014 at 10:15 AM.

The number of Australian homeowners undertaking renovations on a yearly basis has hit a four-year, post-GFC high, according to new research released by Westpac. Read more

Stamping out stamp duty?

Posted on Friday, November 21 2014 at 4:03 PM.

It’s not quite being stamped out completely, but buying a home has just become a little bit cheaper for those in Canberra’s housing market. Read more

First homebuyers stay on the sidelines

Posted on Wednesday, November 19 2014 at 2:39 PM.

First time buyers are continuing to stay away from the property market, according to a report by lenders mortgage insurer Genworth. Read more

Sentiment’s still high for homebuyers

Posted on Monday, November 17 2014 at 1:20 PM.

A new survey conducted by RP Data and Nine Rewards has revealed that people are still generally feeling pretty good about property, despite the fact that capital city home values have been rising for more than two years now. Read more

Sydney cracks $1 million median

Posted on Wednesday, November 12 2014 at 10:35 AM.

Sydney became even less affordable this week with SQM Research analysis showing the city’s median asking price for freestanding houses now exceeds $1 million. Read more

Loans for new homes creeping up

Posted on Monday, November 10 2014 at 1:35 PM.

Figures from the Australian Bureau of Statistics (ABS) reveal that new home lending reached a fresh high for the cycle in the September 2014 quarter. Read more

Regional growth in Busselton

Posted on Friday, November 07 2014 at 11:52 AM.

Looking for the right place to buy regional? It seems Busselton is Western Australia’s best performing property market for the past year. Read more

NSW contracts to include buyers’ agent

Posted on Wednesday, November 05 2014 at 4:12 PM.

The pending New South Wales Contract of Sale and Purchase of Land 2014 will recognise buyers’ agents as part of the property purchase process. Read more

RBA happy not to rock the boat

Posted on Tuesday, November 04 2014 at 3:17 PM.

To the surprise of almost no one, the Reserve Bank of Australia (RBA) today announced it will be keeping the official cash rate (OCR) at 2.5 per cent for the 15th month in a row. Read more

Spring season listings surge

Posted on Monday, November 03 2014 at 9:03 AM.

Springtime represents new beginnings, warmer weather and usually a resurgence of interest into the real estate market. Property listings are generally highest during spring season and this year is no exception according to listings results tracked by RP Data. Read more

Industry group calls for stamp duty reinvestment

Posted on Wednesday, October 29 2014 at 3:21 PM.

The Real Estate Institute of New South Wales (REINSW) says its State Government should support first homebuyers with stamp duty revenues. Read more

Stormy forecast a wake-up call for strata scheme residents

Posted on Monday, October 27 2014 at 2:14 PM.

With the storm season fast approaching for Australia’s north-eastern coasts, thousands of unit owners throughout Queensland are being urged by peak industry body Strata Community Australia (SCA) to begin planning for what could well be a tumultuous storm season. Read more

Sydney’s vacancy rates fall

Posted on Friday, October 24 2014 at 3:42 PM.

Residential rental accommodation availability in Sydney has slipped, according to data released by the Real Estate Institute of New South Wales. Read more

Australian house price growth slows

Posted on Thursday, October 23 2014 at 9:39 AM.

Analysis by the Domain Group shows the nation’s capital city housing markets have generally softened over the September quarter this year. Read more

Figures show NSW is fighting back

Posted on Monday, October 20 2014 at 12:45 PM.

Figures released by the Australian Bureau of Statistics (ABS) today show a weaker June 2014 quarter but a strong fiscal year for new dwelling commencements in New South Wales, Housing Industry Association (HIA) executive director David Bare says. Read more

Building activity hits 20-year high

Posted on Thursday, October 16 2014 at 10:36 AM.

The Housing Industry Association (HIA) says the home-building recovery has brought activity to its highest level in 20 years based on recent Australian Bureau of Statistics data. Read more

Concerns over rise of safety responsibilities for property managers

Posted on Tuesday, October 14 2014 at 3:39 PM.

The Real Estate Institute of New South Wales (REINSW) has recognised that there are mounting concerns with the increase in safety responsibility outside the core function of property management, with CEO Tim McKibbin commenting on the escalation of legal obligations associated with property managers over recent years. Read more

Rumours of a boom greatly exaggerated

Posted on Wednesday, October 08 2014 at 4:36 PM.

One industry group has raised concerns the thriving Sydney property market is driving commentary and policy for all Australian real estate. Read more

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