Australian Property News

Market movement as two capital cities shift in favour of buyers

Posted on Monday, December 14 2015 at 11:10 AM.

Brisbane and Darwin have shifted from balanced markets in favour of buyers, while Sydney and Melbourne remain favourable for sellers, according to the latest Commonwealth Bank CoreLogic RP Data Home Buyers Index. Read more

Landlords urged to keep eye on New Year’s Eve parties

Posted on Friday, December 11 2015 at 11:54 AM.

’Tis the season to be jolly, but landlords are being warned to make sure the ensuing folly doesn’t hit them in the pocket. Read more

Melbourne vacancies defy affordability pressures

Posted on Wednesday, December 09 2015 at 1:26 PM.

Melbourne-based non-government organisation Prosper Australia has released a report indicating more than 80,000 habitable properties could be vacant across Greater Melbourne. Read more

Business confidence influencing property markets

Posted on Monday, December 07 2015 at 2:58 PM.

Current business and consumer confidence will continue to have a positive effect on Australian property into 2016, according to Property Outlook, the 2016 forecast report by Colliers International. Read more

Affordability’s improving in Perth

Posted on Friday, December 04 2015 at 4:23 PM.

Housing affordability has further improved in Perth according to the Real Estate Institute of Western Australia (REIWA), with the latest preliminary data showing that Perth’s median house price is at $535,000 for the three months to November 30. Read more

NSW goes digital with rental bonds

Posted on Wednesday, December 02 2015 at 2:23 PM.

The New South Wales Government has launched an electronic system for the lodgement and refund of rental bonds. Read more

No cut, as RBA leaves rate unchanged

Posted on Tuesday, December 01 2015 at 1:41 PM.

Once again, the Reserve Bank of Australia has chosen to leave the cash rate at 2.0 per cent, meaning no more rises for 2015. Read more

Study shows property prices unaffected by flight path

Posted on Monday, November 23 2015 at 12:15 PM.

Aircraft noise has had minimal if any impact on property prices in suburbs near or under the flight paths to Brisbane Airport, a Queensland University of Technology (QUT) analysis of 26 years of property sales, rental and investment performance has found. Read more

Perth tenants in the rental driver’s seat

Posted on Wednesday, November 18 2015 at 1:40 PM.

The latest Real Estate Institute of Western Australia (REIWA) analysis shows rents in metro suburbs fell again during the third quarter 2015. Read more

Ducted air con and solar power best for depreciation

Posted on Monday, November 16 2015 at 3:55 PM.

Analysis by BMT Tax Depreciation has shown that ducted air conditioners, floating timber floors and solar power systems are the assets that generally have the highest depreciable value for property investors. Read more

Rental rates showing little signs of increasing

Posted on Friday, November 13 2015 at 2:48 PM.

Rents can be a key indicator for property market conditions across Australia’s capital cities. Read more

Tasmanian town planning laws to be simplified

Posted on Wednesday, November 11 2015 at 5:09 PM.

The Tasmanian Government is introducing legislation to simplify the state’s planning process. Read more

Australian cities top global price growth list

Posted on Thursday, November 05 2015 at 3:59 PM.

Two Australian cities have made the top five in Knight Frank’s "Prime Global Cities Index" for the year to September 2015. Read more

RBA holds cash rate once more

Posted on Tuesday, November 03 2015 at 2:48 PM.

The Reserve Bank of Australia (RBA) has announced that it is holding the cash rate at 2.0 per cent for another month. Read more

Change in the air for NSW

Posted on Monday, November 02 2015 at 4:14 PM.

At the same time as the New South Wales Parliament passes new strata laws, buyers purchasing off-the-plan in the state are set to have greater protections, too, thanks to changes announced by Minister for Innovation and Better Regulation Victor Dominello. Read more

Rate pain not over yet, investors warned

Posted on Friday, October 30 2015 at 2:27 PM.

As the Australian Prudential Regulation Authority (APRA) crackdown takes effect, investors are being warned they should prepare for further rate pain. Read more

Investors ignore financial hurdles

Posted on Thursday, October 29 2015 at 9:42 AM.

A survey by the industry group Property Investment Professionals of Australia (PIPA) reveals investors have not been put off by new lending restrictions. Read more

How the states are stacking up

Posted on Monday, October 26 2015 at 11:57 AM.

Commonwealth Bank of Australia's research department has released its latest State of the States report, which gives a snapshot of what's going on in the states' economies across Australia by examining the indicators of economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. Read more

Home loans rising across the board

Posted on Friday, October 23 2015 at 1:54 PM.

Westpac's announcement last week that it's increasing its variable home loan rate by 0.2 per cent prompted the predicted similar movements by the other Big 4 banks, with Commonwealth Bank announcing its 0.15 per cent raise yesterday and the National Australia Bank (NAB) and ANZ saying today that their variable rates will rise by 17 and 18 basis points respectively. Read more

Softer September quarter signals end of southeast's boom

Posted on Thursday, October 22 2015 at 9:55 AM.

Property portal claims recent price growth results confirm property activity is slowing in the nation's hottest markets, leading them to claim that the "boom is over". Read more

Slow rises forecast for 2016

Posted on Monday, October 19 2015 at 11:51 AM.

Australian dwelling prices are forecast to rise next year at the slowest pace recorded since 2012. SQM Research has today released its 2016 Housing Boom and Bust Report, which predicts that average capital city dwelling prices will rise between 3 per cent and 8 per cent for the full calendar year. That's is down from the current 9.8 per cent recorded for the 12 months to June 2015. Read more

Underquoting in NSW tackled as bill passes

Posted on Friday, October 16 2015 at 2:28 PM.

An overhaul of underquoting laws will come into effect on January 1, 2016, after a bill passed the NSW Parliament on Tuesday that will help clarify how agents should market properties, according to the Real Estate Institute of NSW (REINSW). Read more

Home loan rates are on the move

Posted on Wednesday, October 14 2015 at 11:59 AM.

As one of the big four banks - Westpac - announces its variable home loan rate rise, borrowers are being warned to be prepared for further hikes, with other lenders expected to follow. Read more

Home loan numbers high but investors' loans drop

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

Australians' appetite for property shows no signs of slowing, with the value of new home loans surging in August 2015 to a fresh high of $34.6 billion, according to a report released today. Read more

Statistics confirm Perth downturn

Posted on Wednesday, October 07 2015 at 11:23 AM.

The latest statistics on Perth confirm the property market is softening. Read more

RBA announces rates to hold once more

Posted on Tuesday, October 06 2015 at 2:03 PM.

As predicted by the recent Reserve Bank Survey, which found experts were unanimous in expecting no movement to the cash rate at the October meeting, governor Glenn Stevens announced today that the rate will remain at 2.0 per cent for at least another month. Read more

Even more sellers now in Sydney’s market

Posted on Tuesday, October 06 2015 at 12:05 PM.

SQM Research reports that Sydney residential property listings rose 7.6 per cent during the month of September to stand at 23,533 listings. Read more

Detached house new home sales remain high

Posted on Friday, October 02 2015 at 11:40 AM.

The Housing Industry Association (HIA) New Home Sales Report, a survey of Australia’s largest volume builders, recorded an increase in August 2015, with the level of activity only just short of the high reached in April this year. Read more

Capital city auction report describes national softening

Posted on Thursday, October 01 2015 at 9:06 AM.

The Domain Australian Home Auction Report indicates an overall slowdown in home auction markets across the nation, with mixed prospects for the remainder of the spring sales season. Read more

Slight shift to favour sellers in property market

Posted on Monday, September 28 2015 at 11:58 AM.

The national property market remains balanced, while Sydney and Melbourne have shifted further in favour of sellers, according to the latest Commonwealth Bank CoreLogic RP Data Home Buyers Index (HBI). Read more

Population growth figures not looking too good

Posted on Friday, September 25 2015 at 11:48 AM.

Australia's population growth rate has slowed to a rate last seen nearly 10 years ago, according to the Australian Bureau of Statistics (ABS). Read more

Capital city average home price exceeds $600,000

Posted on Wednesday, September 23 2015 at 4:23 PM.

You’ll need more in your budget if buying in the nation’s capitals according to Australian Bureau of Statistics (ABS) data – and you can thank our two largest cities. Read more

New Minister for Cities welcomed

Posted on Monday, September 21 2015 at 1:34 PM.

New Prime Minister Malcolm Turnbull’s appointment of Jamie Briggs as Minister for Cities and the Built Environment should lead to a greater focus on funding urban infrastructure, according to Urban Taskforce Australia. Read more

Debate rages around NSW strata reform

Posted on Wednesday, September 16 2015 at 3:06 PM.

The New South Wales chapter of the Urban Development Institute of Australia (UDIA) says scare tactics and misinformation are being used to argue against strata reform in the state. Read more

Calls for housing completions not approvals to be focus of commitments

Posted on Tuesday, September 15 2015 at 9:52 AM.

The Urban Development Institute of Australia (UDIA) NSW has welcomed the New South Wales state Premier Mike Baird’s commitment to making infrastructure delivery and housing approvals top government priorities. Read more

Annual rental rate drops to record low 0.7%

Posted on Friday, September 11 2015 at 12:58 PM.

A sharp rise in home values in two of Australia’s largest capital cities hasn’t flowed through to rental rates according to the latest CoreLogic RP Data rental review, which reveals that rental increases are now at their slowest pace on record, at 0.7% over the year. Read more

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