Property market takes a breather in December
January 29, 2010
After recording a stellar performance over most of 2009 the Australian residential property market ended 2009 on a softer note with national home values dipping slightly during the month of December. Australian home values recorded a 0.3 per cent fall in the month... Read more »
Victorian house prices soar to new heights
January 28, 2010
The REIV December quarter Property Update has revealed a new record high median house price of $540,500 in Meblourne, an increase of 15 per cent from $470,000 in the September quarter. Major regional centres are also participating in the property market revival,... Read more »
Queensland property price recovery strong but volumes remain weak
January 21, 2010
A lack of growth is sales volumes in the Gold Coast and Brisbane has failed to stop prices surging back toward pre-crisis highs, according to the latest research. Analyst Bill Morris told the AFR that his findings - which come from an analysis of figures from the... Read more »
HIA not yet convinced about housing recovery
January 20, 2010
The Housing Industry Association, Australia’s largest building industry organisation, believes final figures released today by the Australian Bureau of Statistics confirm that new residential building activity began to recover in the September 2009 quarter. The... Read more »
Queensland Government puts price cap on first-home owner grant
January 14, 2010
Queensland Treasurer Andrew Fraser has announced a price cap on the state’s first home owner grant, with the $7,000 in aid to only apply to houses worth less than $750,000 by mid-2010. As of 1 January 2010, legislation will kick-in that will restrict the... Read more »
Victorian first home buyers smash records in 2009
January 14, 2010
Victoria’s first home buyers have taken advantage of the increased grants on offer in 2009, with a record 53,730 Victorians buying their first home. Premier John Brumby said the state and federal stimulus packages helped to lift the figure over 20 per cent... Read more »
Record number of first home buyers in NSW last year
January 13, 2010
A report card on the 2009 calendar year for first home buyer grants in NSW has shown record numbers entering the marketplace, assisted by generous First Home Owner Grants and low interest rates. Western Sydney was the most popular region for NSW first home buyers,... Read more »
A wrap up of the Melbourne property market in 2009
January 6, 2010
The Real Estate Institute of Victoria has released results of the 2009 property market, revealing the suburb in highest demand, the suburb with the most sales and the street with the most sales. REIV CEO Enzo Raimondo said that the second half of the year has been... Read more »
Dwelling approvals rise, point to strong property sector in 2010
January 6, 2010
The number of dwellings approved rose 5.9% in November 2009 following a fall the month prior, the ABS advised today, with the news greeted by economists as a positive sign for the coming year. There was a fall in the number of houses approved (-2.0%), however this... Read more »
First home buyers go small
January 5, 2010
First time home buyers are searching for cheaper and smaller homes located further from city centres in their attempt to break into the housing market, according to a new survey. The latest Mortgage and Finance Association of Australia (MFAA) research report also... Read more »