House prices bounce in October
November 30, 2009
This year’s surge in house prices was seen extending in October, with prices up 1.4% across the nation’s capitals. The latest figures from RPData-Rismark Index showed growth eclipsing the month prior in the capital cities, with the September price rise... Read more »
Existing homes remain first choice for first home buyers
November 30, 2009
The latest data from the Victorian Government confirms first home buyer’s preferences for established homes over newly constructed ones. Twenty seven per cent of all purchases made with government financial assistance over the last 12 months have been for... Read more »
Australian homes the world’s largest
November 30, 2009
Supporting recent commentary from the RBA, new research shows that Australians are indeed investing heavily in upgrades and home extensions, ensuring that property investment remains high despite somewhat lacklustre growth in new homes. The new data from the Australian... Read more »
New home sales moderate
November 30, 2009
The number of new home sales fell for a second consecutive month in October following a first time buyer surge in August, according to the latest Housing Industry Association (HIA) survey of Australia’s largest builders. New home sales declined by 6 per cent... Read more »
Record high house prices sustainable: RBA
November 24, 2009
RBA Deputy Governor Ric Battellino believes that the recent house price growth has not priced too many Australians out of the housing market, with market forces likely to make current prices sustainable. Mr Battelino pointed to the growth in the population, increasing... Read more »
RBA sees mortgage competition constraining margins of big banks
November 24, 2009
Reserve Bank of Australia Assistant Governor Guy Debelle is confident that competitive tension in the mortgage sector will be enough to ensure the margins of the major players do not expand significantly, with “signs of life” in the securitisation market... Read more »
Rental vacancies remain low in Melbourne
November 24, 2009
The rental vacancy rate remains very low right across Victoria, according to the REIV October rental vacancy rates survey, helping to support reasonably strong yields for investors. REIV CEO Enzo Raimondo said that the vacancy rate in Melbourne remained subdued,... Read more »
The contrasting demand for property based on location and bedroom numbers
November 24, 2009
New research from Victoria has dissected the contrasting interest in property based on the location and the number of bedrooms. The September quarter Property Update from the Real Estate Institute of Victoria showed that the median price of a house in Melbourne... Read more »
First home buyers continue to set records in NSW
November 24, 2009
New South Wales Premier Nathan Rees has announced a new record set by first home buyers in New South Wales, with the western suburbs leading the way. Mr Rees said more than $152 million in first home buyer benefits were handed out in October this year with the... Read more »
Property market strength does nothing to ease rate expectations
November 24, 2009
The property market remained strong last weekend, with seemingly no sign that interest rate hikes or fiscal stimulus reduction were having an impact on the booming property market. Melbourne heats up One could be forgiven for thinking that Melbourne’s property... Read more »