Population boom to have major impact on housing sector
September 18, 2009
A significant upwards revision of Australia’s population by the Federal Treasury has enormous ramifications for Australia’s housing industry, according to the Housing Industry Association. The HIA had previously estimated the shortfall between underlying... Read more »
Housing supply remains soft
September 17, 2009
Housing starts have fallen again, adding weight to suggestions that a supply shortage could see prices surge in coming years. The Housing Industry Association believes that a dismally weak units market is holding up a recovery in new housing across the nation and... Read more »
Business confidence and investment intentions on the rise
September 17, 2009
The September quarter 2009 ACCI-Westpac Survey of Industrial Trends has revealed a further upswing in general business confidence, firming activity indicators and increasingly confident forward projections by the manufacturers surveyed in respect of their own business. Today’s... Read more »
The Australian housing hotspots
September 16, 2009
A new report has shone light on the 24 most attractive suburbs for Australian home buyers. The list, compiled by RP data, indicates that, on average, about eleven-and-a-half kilometres from the CBD is the best spot for value seeking investors in the most populous... Read more »
Two selling weekends until first home buyer grant gets cut
September 15, 2009
The Boost to the First Home Owners Grant is set to be halved at the end of the month. At the moment, first home buyers have the opportunity to receive a grant of $21,000 for purchases of newly built homes - a tripling of the First Home Owners Grant. This will be... Read more »
An insight into the Victorian apartment market
September 14, 2009
Suburbs from the inner north, west and mid-east are showing the strongest appreciation in the growing Victorian unit and apartment market. From an overall perspective the REIV June quarter median prices showed a unit and apartment market that is delivering similar... Read more »
Units and townhouses back in demand in Queensland
September 13, 2009
Buyers are again looking to units and townhouses in Queensland, with sales numbers surging over the June quarter. The Real Estate Institute of Queensland (REIQ) June quarter unit and townhouse results show sales numbers have rebounded in this segment of the market. REIQ... Read more »
Home lending dips in July, first home buyer momentum sags
September 11, 2009
The level of new home lending remained strong in July 2009 despite a levelling off in demand, led by first home buyers. Seasonally adjusted figures from the ABS showed a two per cent fall in the number of dwelling commitments but the news was largely expected by... Read more »
First home buyers flood NSW marketplace
September 11, 2009
First home buyers continue to flock to Western Sydney, with the region dominating the top five suburbs in another record month for first home buyers in NSW. Premier Nathan Rees reported that more than $139 million in first home buyer benefits had been handed out... Read more »
Consumer confidence surges
September 10, 2009
Consumer confidence surged by 5.2% in September to its highest level since July 2007 as consumers were buoyed by signs of economic recovery and dismissive of rate hike discussion. The Westpac-Melbourne Institute Consumer Sentiment Index showed sentiment rising... Read more »