Australian Property News

Home renovations slow in 2015

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

The Housing Industry Association (HIA) has released their Autumn 2015 Renovations Roundup report concluding 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 finder.com.au. 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 finder.com.au. 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

Prices up, volumes down in WA

Posted on Monday, February 09 2015 at 4:24 PM.

Data released by the Real Estate Institute of Western Australia (REIWA) indicates a steadying state market. Read more

First homebuyer numbers rise after reporting error found

Posted on Wednesday, February 04 2015 at 4:51 PM.

Prepare to see an upswing in first time buyer data – but not for reasons you might think. Read more

RBA cuts rate in first announcement of year

Posted on Tuesday, February 03 2015 at 1:58 PM.

The Reserve Bank of Australia (RBA) has today announced it is lowering the cash rate by 25 basis points to 2.25 per cent. Read more

Price gap fuels unit demand

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

Demand for attached housing is partly driven by the widening price gap between capital city houses and units prices according to one analyst. Read more

Renovations not on the radar

Posted on Monday, February 02 2015 at 10:57 AM.

According to a study commissioned by financial comparison site Finder.com.au, Australian homeowners are dodging renovations funded by the equity in their mortgage because it’s just too difficult. Read more

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

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