Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
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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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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There is no property bubble, but property prices are more than 24% overvalued. According to an article from SmartCompnay, Goldman Sachs’ chief economist Tim Toohey has made an extremely valuable contribution to the Australia property bubble debate. In his recently released comprehensive report, A Study On Australian Housing: Uniquely Positioned Or A Bubble?, he took …
Demand for home loans fell to a nine-year low in April 2010 as rising interest rates dampen enthusiasm for housing, according to Sydney Morning Herald. However, I must say whether demand for home loans drop or increase depends on how you interpret the data from ABS. According to ABS, finance commitments for owner-occupied housing fell …
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The answer is so simple – bankruptcy! Bankruptcy is increasingly becoming a ”middle class phenomenon” in Australia, says the report from the University of Melbourne Centre for Corporate Law and Securities Regulation. Middle-class professionals and people on high incomes are declaring bankruptcy faster than ever in Australia, according to this study that reveals bankruptcies have …
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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 …
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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In a bid to encourage Australians to save more money, the Rudd Government is set to unveil a tax break for bank saving deposits. According to the Daily Telegraph, this new scheme would offer tax concessions on savings similar to superannuation’s discount rate of 15 per cent. This new offering is a component of the …
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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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And as long as buyer demand continues to outweigh supply, this trend is likely to continue. Frank Valentic of Advantage Property Consulting said 35 McNamara Street, Preston West, was quoted at $505,000 and sold for about $604,000. Another property, at 9 Towers Street in Beaumaris had an asking price of $720,000 and sold for $822,000. …
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According to RP data, here are the top 20 suburbs in capital cities with greatest property price growth. Suburb State, Region, House, Number Sold, Median Price, Average Annual Growth (last 10 yrs) Oakdowns TAS Greater Hobart Unit 22 $275,000 34.6% Herne Hill WA Perth House 10 $595,000 34.4% Blairmount NSW Sydney House 10 $327,750 33.3% …
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I predicted in 01/2010 that property investors will be the main driver for any home loan growth in 2010 in my post “Property investors will drive home loan growth in 2010“. The latest data from Australian Finance Group (AFG) supports my predict very well. Australian Finance Group (AFG), which claims over 10 per cent of the …
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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Melbourne property prices are booming. Melbourne’s property market is showing no sign of slowing, after a record breaking week of property sales. More than $1 billion worth of real estate was sold last week and the clearance rate from auctions at the weekend was 86 per cent. According to the Real Estate Institute of Victoria says …
Great Australian Dream? I don’t think so! The additional demand from abroad is contributing to rising property prices – with average median prices surging more than 10 per cent in capital cities last year – and fuelling the disappointment of would-be local buyers who are being out-bid. ”We have lost three properties (that we know …
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