Tag: Melbourne property

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Housing prices increased almost 2 percent in January 2010

Australia housing prices increased 1.8 per cent in January, according to RP Data, taking them 11.8 per cent higher in 12 months. “What makes me angry is that my father was able to buy a three bedroom house in Williamstown and support a family (my mother didn’t work) on the average income of a school teacher,” said …

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Strongest annual house prices growth since 2003

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 …

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Australia housing affordability reached a new low point

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 …

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Investment property rents likely to rise up to 11% in 2010

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, …

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