THE HIGH STOCK LEVEL OFFERS CHOICE BUT BUYERS ARE HOLDING BACK. Melbourne’s property market is continuing to struggle with a glut of unsold stock left over from last year, as buyers hold back and vendors refuse to lower their price expectations. Analysts RPData report that about 39,300 properties were advertised for sale in January, nearly […]
Each year we encounter headlines which list Australia as one of the least affordable housing markets in the world. The reports are based on the Annual DemographiaInternational Housing Affordability Survey which is released annually. The survey covers 325 ‘markets’ in Australia, Canada, Hong Kong, Ireland, New Zealand, UK, and USA. The latest report condemns Sydney […]
AFTER a weaker finish to 2010, curiosity and confusion greet the property market this year. The 2011 auction season officially began at the weekend, with about 80 auctions generating a clearance rate of 51 per cent. While it is too early to draw any conclusions, the same amount of auctions were held this time last […]
BUSY START TO 2011 AS OWNERS RUSH IN A LULL in Victoria’s property market at the end of last year has failed to stop home owners listing their properties for sale in early 2011. The Real Estate Institute of Victoria yesterday reported the same number of auctions had been penciled in for February as last […]
Whatever the fallout from the recent floods that primarily hit Queensland, but also affected other states, and the initial impact on the Australian economy, there’s unlikely to be a long-term detrimental effect on real estate prices – even for those homes sitting in some of the worst flood hit areas. The recovery after the Brisbane […]
The new year has arrived and most property analysts see rises ahead – albeit more moderate than experienced in early 2010. However speculation of a property crash has not diminished and the dominating headline throughout 2010 was affordability and the prospect Australia was building its own housing bubble. The housing crash in the United States […]
As a property investor you face a mine field of advice from financial advisors, sales agents, property planners, developers, not to mention numerous magazines and books all promising the road to riches. Not unlike politics they offer a sea of differing opinions of what constitutes a good property investment and it’s often hard to sort […]
Considering the current flat market and negative press surrounding sales figures, only those vendors who need to sell in 2011 are likely to do so. However buyer demand looks set to increase now we have some clarity over increased banking competition, and the Reserve Bank of Australia indicating interest rates ‘may’ be on hold for […]
The year has nearly ended and so begins a roll out of New Year predictions for 2011. Most property analysts see rises ahead – all be it more moderate than experienced earlier this year. However speculation of a property crash has not diminished and the dominating headline throughout 2010 has been affordability and the prospect […]
WYNDHAM is leading Melbourne’s real estate boom as house prices continue to climb, a recently released report shows. The Victorian Property Sales Report, by the Department of Sustainability and Environment, is considered an accurate snapshot of property prices because it includes every recorded sale once settled. Point Cook, Hoppers Crossing and Werribee were among 29 […]
