Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Maybe you are not, but more than 26,000 people have signed a change.org petition for tighter rules on foreign ownership of Australian property, according to Domain.com.au. The boost to the number of signatories to the petition – there’s been a jump of 20,000 in a month – comes as the boss of a Chinese property website …
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According to property analysts RP Data, house prices contracted by 0.5 per cent over the month of April after posting a solid 2.8 per cent gain over the first three months of 2013. Across the major cities: Sydney values were down 0.4 per cent, Melbourne’s fell 0.5 per cent, Brisbane’s dropped 0.7 per cent, Perth’s fell …
House Prices in 2012 For the year of 2012, Melbourne has continued to be a drag on the national property market, with dwelling values falling 2.9 per cent over the year. It was far and away the worst performance for any capital city. Brisbane and Adelaide were next after experiencing declines of 0.8 per cent. …
HOUSE prices in Australia’s capital cities leapt 1.4 per cent in September, suggesting that recent rate cuts by the central bank are buoying the market. The finding in the latest RP Rismark Home Values Index, released on Tuesday 02/10/2012, was the largest monthly increase since March 2010. On a quarterly basis, house prices in the …
Continue reading “The weak property market has finally turned around?”
Wondering what your house could be worth in 3 years time by 2015? Despite a slight decline in median house prices this financial year, the market is poised to turn around according to BIS Shrapnel. The company today released a report titled Residential Property Prospects, 2012 to 2015. With compounded increases, house prices are expected …
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Do you want to know what the property prices will be in next 12 months? Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Sydney 12-month price forecasts Melbourne 12-month …
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Wondering where the Australia property market stood in April 2011 & April 2012? This is where the market stood in April 2011, according to RP Data-Rismark’s index of dwelling values (houses & units): Year to April 2011 Median Price Change Sydney 1.2% Melbourne -0.4% Brisbane -6.8% Adelaide -2.1% Perth -7.1% Darwin -7.0% Canberra 0.7% Hobart …
Continue reading “Australia property price – A comparison across 2011 and 2012”
Strong property price rise is predicted starting from 2015. Sydney and Melbourne’s housing markets are at least two years away from shifting out of the current trough, but once the momentum starts, the rise will be strong, according to the 28th annual Australian Property Directions Survey. Using the property clock system, whereby 12 noon to …
”Australian house prices could decline by more than 5 per cent in 2012 if China’s economy experiences a soft landing with GDP growth at about 8 per cent,’‘ according to Standard & Poor’s latest report titled China Soft Landing Would Moderately Impact Australia’s Housing Market. China’s insatiable demand for resources over the past decade, particularly iron ore …
Continue reading “Australia house prices are in the hands of China?!”
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, …
Continue reading “2012 Property prices – February 2012 update on capital cities”
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 …
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Should I invest in apartments OR houses? Is a property’s value is in the land OR a property’s individual characteristics are far more important? In my opinion, the only thing that matters is what type of property will deliver a bigger return on investment in the long term. According to the Real Estate Institute of …
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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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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”