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 market in capital cities over the next 12 months: the prediction of more than 11,000 Australians
Based on a survey from http://www.smh.com.au closed on 30/08/2012, the outlook for the real estate market towards the next 12 months remains gloomy. More than 11,000 Australians participated the survey. Only 13% of the responded thought the property market will improve over the next 12 months. On the contrary, 47% of the responded thought the property market will get …
What your house could be worth in three years by 2015?
Wondering what your house could be worth in 3 years time by 2015? Despite a slight decline in median house prices this financial year, the market is poised to turn around according to BIS Shrapnel. The company today released a report titled Residential Property Prospects, 2012 to 2015. With compounded increases, house prices are expected …
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12-month price forecasts for Australia’s capital city housing markets
Do you want to know what the property prices will be in next 12 months? Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Sydney 12-month price forecasts Melbourne 12-month …
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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 …
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Property price will rise from 2015
Strong property price rise is predicted starting from 2015. Sydney and Melbourne’s housing markets are at least two years away from shifting out of the current trough, but once the momentum starts, the rise will be strong, according to the 28th annual Australian Property Directions Survey. Using the property clock system, whereby 12 noon to …
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 …
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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 …
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House prices to rise up to 20% by 2014
Stable interest rates and improving economic conditions will drive house prices up by 20% in the next three years, with Perth and Sydney leading the way, a major mortgage insurer says. QBE Lenders’ Mortgage Insurance (QBE LMI), which supports lenders, has forecast price growth of up to 20 per cent in Sydney and Perth by …
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 …
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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 …
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House price crash? I was hopelessly wrong on house prices!
One of the most outspoken sceptics of Australian property prices lost a bet that home prices would fall 40 percent from peak to trough in 2009. While the truth is that last year, capital city house prices rose by 12.1 per cent, hitting a new high, as demand from first-home buyers sparked a revival at …
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