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. …
Australia property price – A comparison across 2011 and 2012
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”
Australia house prices are in the hands of China?!
”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?!”
2012 Property prices – February 2012 update on capital cities
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”
Daily capital city home value index to track the daily home price
The Australian Stock Exchange and property data providers today launched a capital city home value index tracking home prices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The index, backed by property group RP Data-Rismark, will ”impute” the value of all dwellings in Australia’s capital cities and include daily price updates from homes sales across the …
Continue reading “Daily capital city home value index to track the daily home price”
2011 Property prices – November 2011 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 …
Continue reading “2011 Property prices – November 2011 update on capital cities”
Property investment: apartments OR houses?
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 …
Continue reading “Property investment: apartments OR houses?”
VIC homeowners have lost more than $290 million over the past three years
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”
Property market will be hot again in 2012
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”
2012 Budget and Investment Property Market
The 2012 federal budget is too weak to prevent further rate rises. This means investment property market will remain flat in 2012 as the interest rate is most likely to rise at least once before December 2011. 41 per cent of stock market investors in the latest Investor Pulse survey by Colmar Brunton thought the …
Continue reading “2012 Budget and Investment Property Market”