Australian Property News

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 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

Interest rates are staying put, for now

Posted on Tuesday, October 07 2014 at 2:25 PM.

Property investors and homeowners have heaved a small sigh of relief after the Reserve Bank of Australia (RBA) today announced that, once again, the cash rate will be staying exactly where it is for at least another month. Read more

Failed football team brings property price bounce

Posted on Wednesday, October 01 2014 at 11:58 AM.

Could the solution to lagging home prices be hobbling your city’s major sporting franchise? Read more

Sydney and Melbourne values continue to increase

Posted on Monday, September 29 2014 at 1:01 PM.

The Sydney and Melbourne markets have continued to shine in the month of August, according to new data from Read more

Sydney apartments to have fewer car spaces

Posted on Tuesday, September 23 2014 at 11:26 AM.

Homebuyers and investors trying to break into the booming Sydney market might soon find many off-the-plan apartments have fewer car spaces. Read more

House price growth far from over

Posted on Monday, September 22 2014 at 12:58 PM.

The housing market recovery is far from over according to this year’s national outlook report by SQM Research, with growth forecast to continue for the remainder of 2014 and into 2015. Read more

First homebuyer numbers continue to fall

Posted on Wednesday, September 10 2014 at 1:48 PM.

The Real Estate Institute of Australia (REIA) says the Australian Bureau of Statistics (ABS) July 2014 housing finance data shows first homebuyer activity is at a record low. Read more

Victorian first homebuyers receive half-price stamp duty

Posted on Wednesday, September 03 2014 at 3:32 PM.

Qualifying first homebuyers in Victoria now receive a 50 per cent discount on their stamp duty as part of a phased-in scheme. Read more

Interest rates on hold

Posted on Tuesday, September 02 2014 at 2:58 PM.

Investors and homeowners can continue to enjoy historically low interest rates, with the Reserve Bank of Australia (RBA) keeping rates on hold again. Read more

Perth market remains steady

Posted on Friday, August 29 2014 at 4:30 PM.

Perth’s median house price remains steady for the month of August according to data from the Real Estate Institute of Western Australia (REIWA). Read more

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