A slowdown in Australia’s population growth may cut demand for property, partiuclarly apartments, in some areas. Demand follows population, for better or worse. One of the primary factors that drives real estate prices is where people choose to live. Towns and cities with big populations have historically achieved the highest rates of property market [...]
First home buyers and those looking to refinance this year will benefit from the property market slump, with new figures showing home loan activity has dropped to levels not seen for a decade. The Australian Bureau of Statistics’ (ABS) latest Housing Finance report shows that the number of home loans written in February is [...]
House prices continue to fall. MELBOURNE property values have continued their six-month downward slide, recording the fourth-largest drop across the country. The median Melbourne house price lost 0.6 per cent in May, contributing to an annual decline of 2.9 per cent, according the latest RP Data-Rismark figures. Across the country, capital-city home values fell by [...]