Perth property prices are expected to continue to fall for the rest of the year 2011 in what could be the city’s worst property recession since before the global financial crisis. Data released by Australian Property Monitors shows Perth median house and unit prices fell for the third consecutive quarter during the three months to …
The Australia housing market correction is happening
The housing market in Australia is making a very controlled exit from the strong growth conditions of 2009/10 and now the correction phase of the cycle is coming. Australia’s housing market remained flat with prices falling 0.6 per cent nationally, according to the latest Australian Property Monitors’ March quarter house price index. Sydney prices fell …
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Buying investment property in USA: Is it a property scam?
If the buying investment property deals sound too good to be true, they might be US home scams. The number of property spruikers promising to enrich Australians by cashing in on the distressed US housing market has soared in the past six months. However, the Australian Securities and Investments Commission continues to warn investors about …
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Latest property hotspots 2011 – where to invest
Where to buy an investment property? The answer is to buy in the suburbs within a 10 kilometre ring of capital cities. A new report from St George Bank and property research firm RP Data has revealed the latest 24 property hotspots in the capital cities including Sydney, Melbourne, Brisbane, Adelaide, Perth, Darwin, Canberra, & …
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Property prices to soften
Residential property prices might have peaked in 2010 as housing prices will remain flat or even drop over the next six months as big mortgage brokers report a 20 per cent drop in loan numbers. Aussie Home Loans managing director John Symond said the company’s new loan volumes had plunged 20 per cent in the …
Rents went down in the past 12 months?
Rents increased by 1.4 per cent nationally and 2.7 per cent in the capital cities over the past 12 months although house rents in Sydney, Melbourne and Darwin were flat, a report by property data collection agency RP Data found. At the same time, consumer prices rose at a faster pace in March 2011. According …