Shared loans may up home costs
March 14, 2007 News.com.au
ADELAIDE Bank is the first local bank to launch a shared-equity home loan which could make property ownership easier, but analysts warn it could boost house prices
read more |
Scarcity drives land values to new highs
March 14, 2007 The Age
INDUSTRIAL land values in Melbourne increased by an average 8.47 per cent last year, with the northern and south-eastern regions showing the strongest growth
read more |
Brits look to NZ for first step on property ladder
March 13, 2007 NZ Herald
Young British people are so desperate to get on the property ladder they are considering moving to New Zealand
read more |
Apartment market moves
March 13, 2007 REIV
In addition to its release of quarterly price data for homes the REIV releases a yearly report. The reports’ data on units and apartments shows that trends similar to the housing market have emerged
read more |
Price of housing outstrips rent rises
March 13, 2007 The Age
THE cost of a typical house in Melbourne has dramatically outstripped the cost of renting over the past decade, data shows
read more |
High rents lure young investors
March 13, 2007 News.com.au
THERE is a changing of the guard in investment property, with older investors putting money into super, while younger investors take advantage of rising rents
read more |
NZ House prices climb 9pc to average $363,000
March 12, 2007 NZ Herald
Housing property prices rose 9.3 per cent in the year to February compared with the year before, Quotable Value says
read more |
Poor Housing Affordability in Cities boosts Regional Growth
March 12, 2007 HIA
Despite Australia’s international competitiveness being compromised by slower economic growth, an appreciating Australian dollar, and record low housing affordability, overseas migration and regional population growth has provided a welcome boost to the fortunes of Australia's housing industry
read more |
Loan costs pressure families
March 12, 2007 News.com.au
COUPLES need to earn a colossal combined income of up to $145,000 just to keep up with the mortgage payments on an average-priced Australian home, according to new research
read more |
Mortgage trouble
March 09, 2007 Sky News
More Australians are failing to make their mortgage payments now than in the past decade, despite the overall booming prosperity being enjoyed in Australia
read more |
The great Australian struggle
March 09, 2007 The Age
HOUSING affordability in Victoria is at its worst level since Paul Keating was treasurer and interest rates were pushing 17 per cent
read more |
LOW AFFORDABILITY CHALLENGES GEN X, Y
March 08, 2007 REIA
Gen X and Y Australians, stuck in the rent trap and struggling to save a deposit for a first home purchase, may well be called the Rent Generation, says REIA President Graham Joyce
read more |
RENTAL CRISIS A BIGGER PROBLEM THAN INTEREST RATES
March 08, 2007 REINSW
After a small improvement in January, Sydney’s vacancy rates have reached a new low, indicating the shortage of rental accommodation is not a myth but a reality faced by those looking for somewhere to live
read more |
Weak New Housing Boosts Major Renovations
March 08, 2007 HIA
Spending on major renovations continued its resurgence in late 2006 as a lack of affordable land and government-imposed costs continued to weigh down on new home building
read more |
Hot economy fans rate fears
March 08, 2007 The Age
AUSTRALIA'S economy is picking up pace, driven by household spending and a surge in public investment, but our continued prosperity carries an upside risk for interest rates
read more |
NZ rates rise
March 08, 2007 Sky News
For the first time in 15 months, the Reserve Bank of New Zealand has raised interest rates and said it can't rule out further hikes
read more |
Red Tape Strangles Housing Supply
March 07, 2007 HIA
Delays with development assessments and the associated blow out in holding costs is hurting the new housing sector
read more |
Homebuyers happy with stable mortgage repayments
March 07, 2007 REISA
Homebuyers in South Australia will welcome the news that their mortgage repayments will not rise, The Real Estate Institute of South Australia (REISA) President, Mark Sanderson said today.
read more |
Homeowners opt to renovate
March 07, 2007 News.com.au
HOMEOWNERS boosted renovation spending in the December quarter as new houses became less affordable, Australia's peak housing body said today.
read more |
Perth rental vacancy rate at record low
March 07, 2007 REIWA
Revised figures for the December quarter by the Real Estate Institute of Western Australia show that Perth's vacancy rate for rental accommodation has hit an all time low.
read more |
Queensland property still healthy
March 07, 2007 REIQ
Defying interest rates, cyclical slowdowns and national trends, the Queensland residential property market showed healthy increases over the December 2006 quarter
read more |
Rates Remain on Hold
March 07, 2007 Sky News
Home owners have been let off the hook again after the Reserve Bank announced its left interest rates on hold at 6.25 per cent in March
read more |
Interest Rates Unchanged
March 07, 2007 RBA
At its meeting on 6 March, the Reserve Bank Board decided to leave the cash rate target unchanged at 6.25 per cent
read more |
Rates to drop on home loans
March 06, 2007 News.com.au
FINANCIAL market volatility is pushing down fixed interest rates on home loans and taking pressure off the central bank to raise variable interest rates
read more |
10 Ways To Know When The Market Is Up -- or Down (USA)
March 06, 2007 Realty Times
The past year saw a slowdown in real estate markets across the country. But the term "slowdown" is relative and should be used with care
read more |
January dwelling approvals declined further.
March 06, 2007 BIS Shrapnel
The national number of dwelling approvals remained weak in January 2007, with a 0.9 per cent decrease, according to the latest seasonally adjusted figures from the Australian Bureau of Statistics.
read more |
New guidelines for residential property letting in S.A.
March 03, 2007 REISA
Tough new guidelines will work to prevent rental auctions and strengthen consumer rights to create a fairer playing field for all parties involved in residential leasing.
read more |
Generation Y to 'miss out'
March 02, 2007 News.com.au
THE dream of owning a home is floating further away from Generation Y, but some among today's youth are managing to buck the trend.
read more |
Half a million Australian households in housing stres
February 28, 2007 HIA
The continued decline in housing affordability, if left unchecked, may see an escalation in the number of homeless Australians, the Housing Industry Association warned today.
read more |
Melbourne tops nation in growth
February 28, 2007 The Age
MELBOURNE is experiencing its biggest growth surge since the 1960s, with its population now increasing by almost 1000 a week and dwarfing that of any other Australian city.
read more |
Real estate agents face fines, expulsion
February 27, 2007 News.com.au
VICTORIAN real estate agents who take advantage of the state's tight rental market face fines and possible expulsion from their industry group.
read more |
REIV Guidelines regarding residential rental bidding
February 27, 2007 REIV
With residential vacancy rates in Victoria currently at a 20 year low there is considerable pressure on prospective tenants to obtain properties. This current trend is due to an imbalance between supply and demand and this will be reflected in prices until market conditions change.
read more |
New Home Sales - Signs of A Turnaround..?
February 27, 2007 HIA
After the dramatic slide of late 2006, new homes sales across the country appear to have turned.
read more |
No land shortage, blame taxes
February 26, 2007 News.com.au
MORE than 150,000 housing lots are available for development in the nation's three biggest cities, refuting the Howard Government's claims of a land shortage.
read more |
REINSW Property Focus: 2006 Year in Review released
February 23, 2007 REINSW
At the first REINSW event for the year, industry specialists provided analysis of the 2006 property market and gave their views on the year ahead
read more |
Victorian Planning Permit Activity Figures 2005-2006
February 23, 2007 D.S.E. (VIC)
The Planning Permit Activity Reporting project aims to implement regular collection and reporting of planning permit data in Victoria …The planning process is the first step in the development lifecycle, and the availability of statistical data on planning permit activity will enable early identification of development industry trends
read more |
Rate cuts? Don't hold your breath
February 21, 2007 The Age
The central bank said today that it was too early to be talking about interest rate cuts, and it was something it was not currently looking at
read more |
(USA) The Psychology of Pricing
February 18, 2007 New York Times
IN a market where buyers and sellers circle one another warily — each certain that he or she is being taken advantage of, no matter what the conclusion of a deal — the asking price of a property is rarely a straightforward reflection of comparable values.
read more |
Rents to jump for years
February 19, 2007 News.com.au
SYDNEY'S rental crisis is set to worsen and sharp rises in rents will continue for at least four years as the city's housing supply shrinks, a report warns
read more |
Initiatives to increase the availability of residential accommodation
February 19, 2007 REIV
The Melbourne metropolitan residential vacancy rate is currently 1.7 per cent. This historically low figure means that prospective tenants may have difficulty accessing rental accommodation of their choice
read more |
Australia's Housing Crisis Undermining Society's Foundations
February 19, 2007 HIA
Interest rates can no longer be held as the sole cause for the housing affordability crisis, the Housing Industry Association said today.
read more |
