Whether you’re purchasing your first home or adding to a substantial property portfolio it is important that you understand the current market conditions and where it is heading. “Buyers and sellers need to have an understanding of where the market is and where it is likely to go,” said Madeleine Hicks of LJ Hooker Everton [...]

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RP Data – Rismark Home Value Index ReleaseWhile dwelling values in Australia’s combined capital cities declined by a seasonally adjusted (s.a.) 0.6% in the month of July, and regional markets fell by a similar 0.7% (s.a.), homes in Sydney (+0.1% s.a.), Darwin (+0.6% s.a.) and Canberra (+1.9% s.a.) managed to produce small capital gains. Based [...]

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Regional differences are emerging in the Australian housing market, with some regions reporting price rises and others seeing values decline.Sydney and Canberra are seeing real estate values continue to climb, but those in Perth and Brisbane falling, according to the latest house market index.In addition, the figures show that cheaper properties are selling better than [...]

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The price of luxury properties in Australia could fall for up to three years with some having seen drops of 20% since January as expensive suburbs become the poorest real estate market performers.The near double interest rate rise in November last year has hit Australian capital city property values which are down 1.2% in the [...]

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You can’t talk about competition in the $1.2 trillion Australian mortgage market without talking about the role of the non-bank lenders, as typified by Aussie and Wizard.When these companies entered the Australian market in the mid-1990s, the large banks dominated mortgage lending with more than 90 per cent market share, while the credit unions and [...]

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Today’s market conditions favour property investors who are looking to benefit from ongoing seller discounting, healthy rental income growth and longer term capital gains, says Australia’s largest independently-owned mortgage broker, Mortgage Choice.This may be why the value of housing finance demand for investment lending – fixed loans rose for the first time this year in [...]

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  AUSTRALIA faces a prolonged housing affordability crisis with the last bastion of cheap housing – new suburbs on city fringes – moving out of reach of most first-home buyers, research shows. At the end of last year, three out of 10 lots for sale in new housing estates were accessible to average-income first-home buyers, [...]

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Although not as hot as in previous years, Australia’s housing market in 2010 was ranked No. 1 in the world by Toronto-based Scotiabank, an international financial organization that dates back to 1671.Top housing markets in 2010 (based on home price increases)Of the 12 advanced nations tracked by Scotia Economics’ latest Global Real Estate Trends report, [...]

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Australia experienced one of the strongest housing markets in the world during 2010, new research shows.But likely interest rate hikes will slow the market in 2011, the Global Real Estate Trends report predicts.The report, released by Canada’s Scotiabank, tracked the housing markets in 12 advanced economies throughout 2010.Home prices increased in Australia, Canada, France, Sweden, [...]

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RP Data estimates that house prices climbed a moderate 6.4 per cent Australia-wide in the year to October 2010. Price increases fell notably after the start of 2010-11. David Airey, head of the Real Estate Institute of Australia, says agents are too cautious to be “quietly confident” given interest rate and economic concerns. Australian Property [...]

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