Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
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”
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 …
Continue reading “2011 Property prices – November 2011 update on capital cities”
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 …
Continue reading “VIC homeowners have lost more than $290 million over the past three years”
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”
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 …
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 …
Continue reading “Latest Sydney house price predictions 2011”
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), …