Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
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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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 …
Property investors largely rely on capital growth for their returns and so if the perception is that housing prices have peaked and will remain flat, the sentiment shift could trigger the sale of properties, which will drive down prices. Will this happen? According to the latest Investor Pulse survey conducted by Business Day and Colmar Brunton …
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The Investor Pulse survey, the first for 2011, reveals that 43 per cent of respondents expect property prices to increase by as much as 5 per cent in the year ahead, while 30 per cent expect prices to remain flat for the period. This result is in sharp contrast to a year ago when a …
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Overall the Sydney house prices are likely to decline by 0-4 percent in 2011 while the rents are likely to increase by more than 7 percent. Here are some Sydney house prices and rents predictions for 2011. (1) Vacancy rates to remain tight for most of the market and that means at least 7-9 per …
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Home prices remained stable in October 2010 but subsequent interest rate rises and a greater supply of housing is likely to see falls in the coming year. According to recent RP Data, for the three months to October 2010, capital city housing values were up in Canberra (2.4 per cent seasonally adjusted), Darwin (1.7 per cent), …
Sydney property prices went up by 30% while Darwin house prices increased by 92% and prices in Melbourne rose 61% in the past 5 years. Hobart had median price increases of 31% in the five years to the end of September 2010, RP Data’s property pulse report showed. Across Australia combined property values increased by …
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Property investors can achieve an average 233% return on investment property in Sydney if they buy in 1993 and hold the property to 2010. Sydney’s median house price rose 233 per cent between the June quarter of 1993 and the June quarter of 2010, from $188,050 to $626,444, according to the latest housing price figures …
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There is no property bubble, but property prices are more than 24% overvalued. According to an article from SmartCompnay, Goldman Sachs’ chief economist Tim Toohey has made an extremely valuable contribution to the Australia property bubble debate. In his recently released comprehensive report, A Study On Australian Housing: Uniquely Positioned Or A Bubble?, he took …
Economic forecaster BIS Shrapnel is expecting house prices to rise between 11 and 22 per cent across the major cities over the next three years. Perth is expected to lead the trend, with house price growth of 22 per cent, in front of growth in Sydney and Adelaide of 20 per cent. House prices in …
House prices in Australia are being tipped to stabilise over the next six to 12 months, after posting very strong growth over the last year. The international estate agent Knight Frank has published its Global House Price Index, which ranks Australia as the fourth-fastest growing property market in the world, behind China, Hong Kong and …
You might often hear median price and average house price. What is the difference between median price and average price? Which one you should use as a reference when you want to purchase properties? Difference between median price and average price Averaging adds up property prices in a list and divides by the number of …
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Sydney property market has suddenly caught a cold – auction clearance rates in the past two weeks have been down and agents report fewer visitors to open houses. Properties were being passed in because buyers were reluctant to commit, said Paul Lowe, of Ray White Double Bay. ”The last interest rate rise has put some …
There is a news on Yahoo saying “many people earning more than $80,000 a year are seeking help with mortgage repayments” from Welfare group Lifeline. I think this is just ridiculous – I don’t mean the housing prices. I mean the people who earn more than $80k and seek help with home loan repayments. Did …
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The Westpac-Melbourne Institute consumer sentiment index for May fell 7 per cent to 108 index points. The confidence of respondents with a mortgage fell 8.1 per cent in May compared with average falls of only 2.3 per cent in response to the five previous rate hikes, the survey showed. So is it a good time …