Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Capital city house prices rose by 20 percent in the last 12 months to the end of March 2010 according to ABS. The Australian Bureau of Statistics (ABS) said prices rose by 4.8 percent in the last three months with Sydney and Melbourne leading the way with rises of 5.3 and 6.7 percent respectively. That …
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Property prices ware up by 4.2 per cent across capital cities in the March quarter, a new survey says. The RP Data – Rismark Hedonic Home Value index, released on Friday, said property prices in the capital cities rose by an average 12.5 per cent in the year to March 31. Rismark chief executive Christopher Joye said …
A new report has found that growth in house prices is set to slow in 2010 due to rising interest rates and falling housing finance figures. The Australian Property Monitors’ Quarterly Housing report shows that national median house prices grew just over 3 per cent in March and there was an annual growth rate of …
The median price of a Sydney house rose 13.4 per cent to $641,000 in the year to March, below the 17.7 per cent increase in Melbourne, according to the Residex property research group. Price growth for units was also lower in Sydney, 10.3 per cent annually to $449,000 compared with 16.6 per cent to $432,500 …
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In a bid to encourage Australians to save more money, the Rudd Government is set to unveil a tax break for bank saving deposits. According to the Daily Telegraph, this new scheme would offer tax concessions on savings similar to superannuation’s discount rate of 15 per cent. This new offering is a component of the …
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Despite the recent 25 base point RBA interest rate rise, Melbourne property market is even hoter after Easter, having recorded its strongest opening quarter on record. The weekend’s clearance rate reached 85 per cent, from the 488 auctions reported. JPP Buyer Advocates’s Catherine Cashmore went to five auctions at the weekend and said all the properties at …
Continue reading “Melbourne property market is even hotter after 5 RBA interest rates in 7 months.”
The Real Estate Institute of South Australia says the housing affordability in South Australia compared to all other states, still remains probably one of the best although the median house price for metropolitan Adelaide has passed the $400,000 mark for the first time. The Real Estate Institute of South Australia says the median house price …
Continue reading “Looking to buy investment properties? Adelaide might be a good choice!”
House prices in Melbourne and Sydney are tipped to rise because of the limited availability of land, steady poplulation growth, and strong demand from international investors. Developers are arguing that consumers will be forced to pay over the odds as the availability of land shrinks at the same heady rate as demand for new homes increases. The …
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House prices have risen by 3.4 percent in Jan & Feb so far this year despite recent interest rate rises and warnings on further rate increase from the Reserve Bank of Australia. At this rate, we might see 20% increase in house prices across Australian capital cities in 2010. The RP Data/Rismark Hedonic Home Value …
Reserve Bank governor Glenn Stevens says foreign buyers are a factor in rising house prices. Mr Stevens said the bank was monitoring how much the federal government’s decision last March to relax its rules on foreigners owning property had contributed to surging prices for housing. He said the role of foreign purchases was ”an important …
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Should we blame foreigners, especially Chinese, for poor housing affordability? I don’t think so although there seem to be many people thinking so. Here are some comments I found on the web regarding high housing prices and poor housing affordability in Australia. It is going to be hard to work out how much it is raising …
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A confluence of housing shortages, low interest rates, speculative fervour and last year’s move by the Rudd Government to relax foreign ownership rules on real estate have turbo-charged house prices. In the latest Investor Pulse survey, conducted jointly by BusinessDay and marketing research group Colmar Brunton, there is no indication that investor appetite for property …
Continue reading “Do you think investors are stupid to buy a property bubble?”
And as long as buyer demand continues to outweigh supply, this trend is likely to continue. Frank Valentic of Advantage Property Consulting said 35 McNamara Street, Preston West, was quoted at $505,000 and sold for about $604,000. Another property, at 9 Towers Street in Beaumaris had an asking price of $720,000 and sold for $822,000. …
Continue reading “Why Melbourne people pay $100,000 above property asking price?”
Suburb, State, Region, House, Number Sold, Median Price, Average Annual Growth (last 10 yrs) Silkwood QLD Far North House 10 $235,000 35.0% Tullah TAS Mersey-Lyell House 11 $132,500 34.9% Gravelly Beach TAS Northern House 15 $215,000 34.6% Gunning NSW South Eastern House 10 $283,000 34.5% Lloyd NSW Murrumbidgee House 17 $316,790 34.1% Collie WA South …
Continue reading “Top 20 regional property markets with greatest price growth”
According to RP data, here are the top 20 suburbs in capital cities with greatest property price growth. Suburb State, Region, House, Number Sold, Median Price, Average Annual Growth (last 10 yrs) Oakdowns TAS Greater Hobart Unit 22 $275,000 34.6% Herne Hill WA Perth House 10 $595,000 34.4% Blairmount NSW Sydney House 10 $327,750 33.3% …
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