Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
According to the latest home price index from RP Data-Rismark, capital city dwelling values in February 2012 rose by 0.8 per cent, after a 1 per cent fall in January 2012. Home values jumped by 5 per cent in Darwin, 2.2 per cent in Hobart, 1.8 per cent in Melbourne, 1.9 per cent in Canberra, …
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According to realestate.com.au, based on the number of properties listed for sale in a particular suburb combined with the number of visits on the website to homes in that suburb, Sutherland and the northern beaches are where most people in Sydney want to live, with home buyers seeking a mix of lifestyle and infrastructure. The …
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Summary Australia capital city home prices fell by four per cent in the year to October 2011. Flat to lower house prices for the next six months or possibly the next 12 months. Australia capital city home prices fell by four per cent in the year to October 2011, after a 0.5 per cent decline …
Continue reading “2011 Property prices – November 2011 update on capital cities”
Stable interest rates and improving economic conditions will drive house prices up by 20% in the next three years, with Perth and Sydney leading the way, a major mortgage insurer says. QBE Lenders’ Mortgage Insurance (QBE LMI), which supports lenders, has forecast price growth of up to 20 per cent in Sydney and Perth by …
VIC homeowners have lost more than $290 million over the past three years selling properties for less than what they paid for them. Alarming figures that point to a hidden crisis in the property market reveal 5427 vendors lost an average of $54,000 on investments gone wrong in the three years to July 2011. The …
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Australia property prices continued to drop in June 2011, according RP Data-Rismark Hedonic’s latest home value index for capital cities. Based on almost 150,000 home sales nationally over 2011, the report found that Sydney house prices dropped 0.2 per cent in June 2011. Melbourne house prices dipped 0.1 per cent for the month, pushing the …
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While there are lots of debate on carbon tax, the Housing Industry Association has declared its opposition. It argues that a tax on carbon emissions will flow through to adversely affect all building products and all sectors of the construction industry. “Building product manufacturers and new home buyers across Australia will be the hardest hit …
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Westpac has predicted that the Reserve Bank will cut the interest rate four times in 2012 to avoid hurting an economy that is already showing signs of contraction. According to Westpac chief economist Bill Evans, there will be a sequence of rate cuts beginning with 25 basis points in December 2011 and through 2012 totalling 100 basis …
Continue reading “Property market will be hot again in 2012”
The 2012 federal budget is too weak to prevent further rate rises. This means investment property market will remain flat in 2012 as the interest rate is most likely to rise at least once before December 2011. 41 per cent of stock market investors in the latest Investor Pulse survey by Colmar Brunton thought the …
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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 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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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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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 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 …
The Sydney rental crisis has hit new heights with the number of people looking for properties with rents higher than $400 a week doubling in the past four years, according to an article published by the Sunday Telegraph. This is a bad news for renters while it is a good news for property investors as …
Continue reading “Sydney rental crisis is good news for property investors”