Australian Property News

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

Rental figures remain flat

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

The CoreLogic RP Data Rental Review, released this week, has confirmed that while dwelling values continue to increase, rental growth is sitting at its lowest annual rate in more than a decade, with combined capital city rents increasing by just 1.8 per cent over the past 12 months. Read more

Demand drops for fixed-interest loans

Posted on Wednesday, January 07 2015 at 1:38 PM.

Data released by mortgage broker Mortgage Choice shows demand for fixed-interest rate loans has fallen to a 22-month low. Read more

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 realestate.com.au 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

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