Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Beach property with coastal areas along the nation’s Eastern Seaboard experienced strong price recoveries in 2009 and will see further strong gains throughout 2010. According to an analysis of REX data, house prices gains in major coastal areas such as the Sunshine Coast, Gold Coast, Tweed and Port Macquarie are accelerating. “There are more buyers than stock …
Continue reading “Beach property will make strong gains throughout 2010”
The medium-to-long-term outlook for property prices remains strong as the population grows, incomes rise and demand for houses outstrips new supply, says an Australian Property Monitors’ report. Despite a sluggish start, 2009 ended with the biggest price growth since 2003 on a rise in activity at the top end of the market, the APM 2009 …
Continue reading “Strongest annual house prices growth since 2003”
Banks will not pass on the full interest rate increases which are forecasted at 1% in 2010, according to Australia’s top macroeconomist Chris Richardson. He said that increasing competition for new customers and lower funding costs would cause major lenders to absorb about 30 basis points of Reserve Bank increases during the second half of 2010. …
Continue reading “How big four banks will change their home loan interest rates in 2010?”
Australia has the most unaffordable housing market according to the Sixth Annual Demographia International Housing Affordability Survey published in 2010 (see the housing affordability index by country and housing affordability index scales below). The survey looks at 272 metropolitan markets in Australia, the US, the UK, Canada, Ireland and New Zealand. Housing affordability is measured by using the …
Continue reading “Australia housing affordability reached a new low point”
Well, this definitely sound good for any property investors or home owners – it definitely a bad news for those who are looking to buy a property. The Real Estate Institute of Victoria (REIV) says the cost of buying a home in Melbourne has shot up over $75,000 in three months to reach another record …
Continue reading “$75,000 in three months – does this sound good?”
A comparision of home loan search trend and investment property search trend on Google Insights shows that since 2004 the number of home loan related searches increased from year to year and it peaked in late 2008 and early 2009 when the government boosted the first home buyer grants. Since the grant was reduced home …
Continue reading “Property investors will drive home loan growth in 2010”
A research done using Google Insights shows that in 2009 the “investment property” search volume trended up for the first time since 2004. Here is the chart since 2004 and the prejection for 2010 (click on the chart to see the full size image). As you can see that since 2004 the search volume of …
With residential property prices around the country on the rise, some real-estate investors are wondering if they have missed the boat. “I have been considering investing in a unit for about 12 months,” writes Kate, “but I thought prices would fall significantly due to the global economic crisis, and they didn’t. Then I expected prices …
Continue reading “2010 will be a good year for rental property investors”
Westpac Banking Corporation has tightened its mortgage loan criteria by lowering its loan-to-valuation ratios (LVR) for new full-documentation mortgage customers on Wednesday from 92 per cent to 87 per cent including two per cent for lenders’ mortgage insurance. The LVR for new low-documentation customers has been lowered by Westpac to 80 per cent including LMI. The …
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Rents are set to soar by as much as 11 percent this year, as landlords seek to cover rising costs amid a strengthening economy. Rents for homes across Australia increased nationally by a mere two per cent in 2009 – the weakest annual increase since 2002, the Australian Property Monitors’ Quarterly Rental Report says. Matthew Bell, …
Continue reading “Investment property rents likely to rise up to 11% in 2010”
An economist says a sharp fall in the number of people taking out home loans is unlikely to stop the Reserve Bank from raising interest rates at its next board meeting in February – according to Yahoo Finance news. Seasonally adjusted figures released today by the Australian Bureau of Statistics show 59,516 new loans for …
Continue reading “Home loan slump won’t stop interest rate rise”
Property buyers are being urged to take the plunge early in 2010 to avoid missing out on purchasing their dream property at a price they can afford, according to an article from Yahoo Finance published on 06/01/2010. Meighan Hetherington, Managing Director of Property Pursuit in Brisbane said, “Buyers need to realise that the peaks and …
Continue reading “Should I buy a property now early in 2010?”
Economists say economic growth is set to triple in 2010, according to Yahoo Finance. The Treasury and Reserve Bank expect the growth rate to return to around 3 per cent this year, up from around 1 per cent in 2009. But the surge in economic activity is expected to exacerbate the skills shortage and put …
Continue reading “Where the property price will go if growth to triple in 2010?”
Angus Raine, CEO of Raine & Horne is optimistic for the residential property markets in NSW & ACT in 2010. “There is some concern the end of the First Home Owners Boost (FHOB) will hurt the market,” says Mr Raine. “I don’t agree with this assessment. The Federal Government was smart to extend the FHOB …
Continue reading “End of the First Home Buyer Grant Boost will NOT Hurt NSW and ACT Property”