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), …
Property prices went up by 30% to 92% in the past 5 years across capital cities
Sydney property prices went up by 30% while Darwin house prices increased by 92% and prices in Melbourne rose 61% in the past 5 years. Hobart had median price increases of 31% in the five years to the end of September 2010, RP Data’s property pulse report showed. Across Australia combined property values increased by …
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Average 233% return on investment property in Sydney 1993-2010
Property investors can achieve an average 233% return on investment property in Sydney if they buy in 1993 and hold the property to 2010. Sydney’s median house price rose 233 per cent between the June quarter of 1993 and the June quarter of 2010, from $188,050 to $626,444, according to the latest housing price figures …
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Where you should not buy investment property?
Do you know that there are some so-called “No Go Zones” that investors should not buy investment properties because of poor capital growth? Sutherland Shire south of the Sydney city has been named as one of the worst areas in the nation to invest in real estate because of poor road links to the central …
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Sydney property market not hot any more?
Sydney property market has suddenly caught a cold – auction clearance rates in the past two weeks have been down and agents report fewer visitors to open houses. Properties were being passed in because buyers were reluctant to commit, said Paul Lowe, of Ray White Double Bay. ”The last interest rate rise has put some …
House prices surge by 20 percent in the past 12 months
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 up 4.2% in March quarter
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 …
House price growth set to slow in 2010
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 …
Median house prices in Sydney and Melbourne
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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House prices in Melbourne and Sydney are tipped to rise
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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Buy house in Sydney or Melbourne in 2010
Wonder if you should buy a house property in Sydney or Melbourne in 2010? The chart below clearly shows that you should buy in Sydney because the median house price Sydney is till much lower than the prediction while the median house price Melbourne is already in line with the prediction. In addition, the 2020 median house price …
New home sales hit five month high in January 2010
Sales of new homes rebounded to a five-month high in January, a sign that upgrading owner occupiers and investors may be coming back in to the market, a leading industry body says. New homes sales rose 9.5 per cent to 8,444 in January, the Housing Industry Association (HIA) said on Monday. Sales rebounded from December’s …
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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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Rents in Sydney’s outer suburbs rise almost 10%
Rents for three-bedroom homes in Sydney’s outer suburbs rose an average of 9.4 per cent last year, despite the global financial crisis during which rents in inner suburbs went up by less than a quarter of that rate. The latest rent and sales report from Housing NSW reveals that the sharp increase in rents for …
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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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