Australian Property News

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

Sydney’s high housing costs driving older people out

Posted on Friday, March 20 2015 at 3:30 PM.

Council on the Ageing NSW has found that one in 10 people over the age of 80 are renting in the private housing market. Read more

Check your rate is competitive

Posted on Monday, March 16 2015 at 4:43 PM.

Investors and home owners are being urged to check their home loan interest rates, as the February cash rate cut is still trickling through to the home loan market, according to comparison website Read more

Calls for more caution and education

Posted on Monday, March 09 2015 at 12:31 PM.

Property buyers and investors are being reminded of the importance of understanding their contract, with NSW Fair Trading Minister Matthew Mason-Cox revealing that complaints about buying properties off-the-plan have increased in the last year. Read more

Apartment block with a stunning surprise

Posted on Friday, March 06 2015 at 11:14 AM.

A new residential block has been unveiled in Melbourne, revealing a fascinating façade – the image of Aboriginal chief William Barak. Read more

Housing affordability declines but renters win

Posted on Wednesday, March 04 2015 at 4:36 PM.

The Real Estate Institute of Australia (REIA) has released its quarterly Adelaide Bank Housing Affordability Report and it reveals Australian property is becoming less affordable. Read more

RBA leaves cash rate unchanged for March

Posted on Tuesday, March 03 2015 at 1:51 PM.

In a move many industry experts had been predicting, the Reserve Bank of Australia (RBA) announced today that it will not be amending the cash rate, so it still stands at 2.25 per cent. Read more

Another dismal year for first homebuyers, but off-the-plans flying off the shelf in Brisbane

Posted on Monday, March 02 2015 at 10:59 AM.

Falling interest rates will bring more pain to prospective homebuyers this year, with many first homebuyers likely to be priced out of the market despite an imminent rate cut, according to new research by comparison website Read more

Overseas buyers fees described as insufficient

Posted on Friday, February 27 2015 at 4:36 PM.

A Federal Government proposal to charge foreign buyers application fees each time they buy property in Australia is ‘tickling around the edges’ – and it won’t tackle the ‘seismic’ changes in Melbourne’s housing market according to one buyers’ agent. Read more

Government to toughen foreign investment laws

Posted on Wednesday, February 25 2015 at 12:09 PM.

The Federal Government is looking to implement fees and beef up controls around foreign investment in property. Read more

Depreciation claims to be found everywhere

Posted on Monday, February 23 2015 at 12:39 PM.

A list of the unusual landmarks and structures that have generated additional cash flow for their owners through the use of tax depreciation schedules has been revealed by tax depreciation specialist BMT. Read more

Is there an ‘investor frenzy’ going on?

Posted on Friday, February 20 2015 at 10:30 AM.

Recent data from the Australian Bureau of Statistics (ABS) confirms that investors in the property market are increasing rapidly and gathered even more pace during December 2014. Read more

Property a major player in retirement plans

Posted on Wednesday, February 18 2015 at 3:07 PM.

Property investment is seen as a way to boost superannuation retirement savings by most Australians, according to a survey by ING Direct. Read more

Lending showing real strength

Posted on Monday, February 16 2015 at 4:14 PM.

Australians sure are in the home-buying frame of mind it would seem – backed up by recent statistics releases as well as some figures from customer-owned financial institution CUA – it lent its customers a record $1.8 billion in the second half of 2014. Read more

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