Which suburbs do best in the long term? Drawing on REIV figures, Sunday Domain profiles the five Melbourne suburbs that had the greatest capital growth in median house prices over a 10-year period – from the second quarter of 2001 to the second quarter of this year. Malvern A tightly held enclave just eight kilometres [...]
Spring looking good for property Supply levels have finally risen in the spring selling season. Melbourne is finally starting to see a boost in auction numbers for the spring selling season, which appears to have started late this year due to growing concerns about the health of the economy and property market. There were 626 [...]
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 [...]
Mortgage holders have been spared an interest rate rise after the Reserve Bank today decided to leave rates on hold for the sixth straight meeting. The RBA board opted to keep the official cash rate at 4.75 per cent, the level reached when the board last hiked rates by 25 basis points in November last [...]
Author and Source – REIV The Australian dollar has remained very strong in the March quarter on the back of strong commodity prices. The Australian dollar has been stronger than its US counterpart, trading at around 1.05 US dollars in mid-April and is expected to remain at around the current level in the near term. [...]
Cameron Houston and Chris Vedelago May 1, 2011 Read more: http://www.theage.com.au/national/real-estate-agents-in-licence-rort-20110430-1e2c8.html#ixzz1LAOBz5tl HUNDREDS of underqualified real estate agents are exploiting a legal loophole that enables them to own and operate Victorian estate agencies after just five days training in New South Wales. The Real Estate Institute of Victoria has attacked the practice as a ”blatant scam”, [...]
MORE than 100,000 homeowners will be sighing with relief that their three-year fixed-rate mortgage has run its course. This group would have taken on their loan at a rate of more than 8 per cent and missed out on the sharp cut in interest rates by the Reserve Bank during the heat of the global [...]
Renters continue to be squeezed in the hip pocket as the deteriorating outlook for home affordability pushes up demand for rental properties, a survey finds. House rents increased in every capital city except for Sydney, Melbourne and Darwin, a report by property data collection agency RP Data found. Rents increased by 1.4 per cent nationally [...]
The Reserve Bank of Australia has decided to leave the cash rate unchanged at 4.75 per cent at its monetary policy meeting today. The comments below, extracted from the official RBA statement, elaborate on the reasons for the decision. “The global economy is continuing its expansion, led by very strong growth in the Asian region. [...]
By Peter Taylor THE bull run in house prices is set to run out of steam as investors realise that credit costs are dwarfing anaemic yields, according to a senior banker. National Australia Bank finance chief Mark Joiner yesterday said the property market was fully valued and likely to languish. “I don’t think property can [...]
