Australian Property News
Retirement villages offer gains
Posted on Friday, September 03 2010 at 10:39 AM.Retirement housing is being overlooked as a property investment strategy, according to property educator Jennie Brown. Read more
Price growth predictions for spring
Posted on Thursday, September 02 2010 at 2:27 PM.The next phase of the property market's growth cycle will kickstart within 60 days, according to McGrath chief executive John McGrath in his recent Market Review for spring. Read more
Queensland Government protects homeowners from dodgy building
Posted on Thursday, September 02 2010 at 2:24 PM.Dodgy building is on the rise as compensation for homeowners increased by 50 per cent in the past financial year to a record of $42 million in claims, according to the Queensland Government. Read more
Housing correction unlikely
Posted on Thursday, September 02 2010 at 2:21 PM.A major housing correction in Australia isn't likely due to better than expected retail spending and building approval figures from the Australian Bureau of Statistics, according to Chan and Naylor. Read more
Electric pumps instead of wood heaters could see rents rise by $20
Posted on Thursday, September 02 2010 at 2:14 PM.Replacing the wood heater for a reverse-cycle air conditioner can bump up the rent for landlords and could potentially add value to a property, according to a Launceston-based property manager. Read more
Homeowners to suffer as reforms are ditched
Posted on Wednesday, September 01 2010 at 12:40 PM.The New South Wales Government's decision to lift the cap on local council development levies from $20,000 to $30,000 will cost homebuyers $5.4 billion, according to the Urban Taskforce. Read more
Building approvals rise
Posted on Wednesday, September 01 2010 at 12:35 PM.Dwelling approvals rose in July after recording falls for the past three months, according to fresh figures from the Australian Bureau of Statistics. Read more
Market starting to pick up in WA
Posted on Tuesday, August 31 2010 at 8:41 AM.Property values in the West Australian property market have crept back up after falling substantially in recent years and things are expected to improve further, according to Metropole director Michael Yardney. Read more
Hotspots found all over Australia
Posted on Tuesday, August 31 2010 at 8:32 AM.With every state and territory represented in API's annual Hot 100 list this year, it's clear that property hotspots can be found all over Australia. Read more
Construction costs rise
Posted on Friday, August 27 2010 at 10:43 AM.The cost of constructing a house in Queensland jumped during the June quarter mainly due to the introduction of six-star energy requirements for new homes, according to the Master Builders State of the State housing industry report. Read more
Canberra market slows in uncertainty over Public Service job cuts
Posted on Wednesday, August 25 2010 at 4:42 PM.In a city buoyed by Federal Government jobs, the Canberra property market is on hold with some investors uncertain of job security if the Coalition is appointed to govern, a scenario that is believed to ultimately impact property prices. Read more
Spring selling season could bring investors back
Posted on Tuesday, August 24 2010 at 5:45 PM.The property market's spring selling season is just around the corner and it's not expected to be hampered by any possible lag effects from the hung parliament. Read more
Home lenders urged to play fair
Posted on Tuesday, August 24 2010 at 1:39 PM.The Real Estate Institute of Australia has called on home finance providers not to take advantage of the current political limbo by raising interest rates. Read more
Single female buyers on the rise
Posted on Tuesday, August 24 2010 at 12:52 PM.When selling, investors need to adapt properties to the growing force of single women making buying decisions in the property market, according to the Matusik Snapshot. Read more
Election uncertainty creates opportunities
Posted on Monday, August 23 2010 at 1:52 PM.The uncertainty created by the election outcome has created opportunities for savvy investors, according to Metropole director Michael Yardney. Read more
Independents could influence housing policy
Posted on Monday, August 23 2010 at 1:22 PM.A desire by some federal Independents for more population growth in rural areas could have an effect on future housing policy, says CommSec chief economist Craig James. Read more
Investment property ‘big business’
Posted on Monday, August 23 2010 at 1:14 PM."Buying residential property in Australia is big business", according to property analyst Michael Matusik, and investors account for a substantial proportion of that business. Read more
Interest rates could move down as growth slows
Posted on Friday, August 20 2010 at 5:26 PM.Residential property buyers need to take a long-term view as property price growth slows, according to property analyst Michael Matusik. Read more
Housing affordability ignored in election campaign
Posted on Thursday, August 19 2010 at 11:21 AM.Housing affordability is being largely ignored in the current Federal Election, according to Housing Industry Association (HIA) chief economist Harley Dale. Read more
Urgent action required to put housing back into buyers’ reach
Posted on Thursday, August 19 2010 at 11:18 AM.Australia requires urgent and bi-partisan action across state and federal governments to unblock its land and dwellings supply pipeline and make housing more affordable, according to Mortgage Choice. Read more
Despite strong student demand, investors should think twice
Posted on Thursday, August 19 2010 at 9:06 AM.Despite southeast Queensland still being undersupplied in student accommodation in contrast to southern cities, investors should think twice about converting a house from single occupancy to multiple-occupancy, according to Metrocity Realty West End manager Kylie Jackson. Read more
Moderating housing growth pleases RBA
Posted on Thursday, August 19 2010 at 9:04 AM.The recently released minutes for the Reserve Bank of Australia’s August meeting a fortnight ago shows that the board is pleased that the uptrend in home prices has stalled, according to Macquarie interest rate strategist Rory Robertson. Read more
Housing flies under political radar
Posted on Wednesday, August 18 2010 at 12:35 PM.Housing policies have flown under the radar during a myriad of policy announcements in the lead up to Saturday’s election, says residential property analyst Tim Lawless Read more
Opportunities in gold
Posted on Tuesday, August 17 2010 at 8:53 AM.Investors often invest in gold to diversify their portfolio or as a hedge for other investments, but with a potential upswing on the cards there could be an opportunity to make some money from the asset Read more
Jump in jobless makes economic sense
Posted on Monday, August 16 2010 at 11:32 AM.A stalling in the decline in the unemployment rate makes sense, says Macquarie Bank interest rate strategist Rory Robertson. Read more
Fixed loans failing to attract borrowers
Posted on Friday, August 13 2010 at 8:48 AM.Fixed rate home loans are falling in popularity, according to mortgage broker Mortgage Choice Read more
Units top houses for price growth
Posted on Thursday, August 12 2010 at 3:24 PM.Units are increasing in value faster than houses, in a reversal of historical trends Read more
Proposed Sydney rail link to spur growth
Posted on Thursday, August 12 2010 at 3:14 PM.Carlingford and Rydalmere will be the clear price growth winners if the missing link in Sydney’s rail network is built between Parramatta and Epping by 2017, according to the Urban Taskforce chief executive Aaron Gadiel Read more
Housing finance down in June
Posted on Thursday, August 12 2010 at 11:47 AM.Australians borrowed less for owner-occupied houses in June, with finance falling by 0.7 per cent from the previous month, according to the Australian Bureau of Statistics. Read more
Short-term cash incentives not the solution
Posted on Thursday, August 12 2010 at 11:45 AM.Cash incentives for workers relocating is the wrong measure to address housing affordability, according to Real Estate Institute of Australia president David Airey who has spoken out against the Federal Government proposal. Read more
Unit rents fare better than houses
Posted on Thursday, August 12 2010 at 11:43 AM.Australian rental growth was largely flat in the June quarter, according to a report by Australian Property Monitors (APM). Read more
Labor and Liberal to retain negative gearing
Posted on Thursday, August 12 2010 at 10:44 AM.The real estate industry has welcomed a commitment by both major political parties to retain negative gearing Read more
Majority of recent refinancers now save more than $50 a month
Posted on Wednesday, August 11 2010 at 9:40 AM.Almost one quarter of homeowners who recently refinanced are now saving more than $300 per month, while 88 per cent are saving more than $50 per month, according to the Mortgage Choice 2010 Refinancers Survey. Read more
Wallpaper making a comeback
Posted on Monday, August 09 2010 at 3:06 PM.Decades ago wallpaper was all the rage and while it may have lost its appeal over time, it seems to be making a comeback. Read more
Reform needed for unfair tax regimes
Posted on Saturday, August 07 2010 at 11:56 AM."Out of control" property taxes are killing the home ownership dream, according to the Real Estate Institute of New South Wales (REINSW). Read more
Keep purchase records of rental property inventory in the case of theft
Posted on Friday, August 06 2010 at 1:14 PM.Rental property theft claims under landlord insurance policies have increased by 42 per cent over the past year, according to Terri Scheer Insurance. Read more
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