Unless help is granted to our younger generations, the property market will split down the middle and turn the wheel on the long-term trend of home ownership. Despite lacklustre moves in recent median figures, RP Data recorded a bountiful 17.2 per cent rise in Australia’s residential median since the final quarter of 2008 and the […]
IT WAS ALL SYSTEMS GO FOR THE CITY’S SUPER (DUPER) SATURDAY BUT THE TRUE CLEARANCE RATE IS YET TOBE REVEALED. As far as tests of the market go, they don’t come much bigger than yesterday. More than 1080 auctions were scheduled around the city, the highest number on a single day since March 2008. And […]
Another week passes by with yet more arguments on the wisdom of property investment, one of them being about whether or not this country really is facing a housing shortage. New reports of an extreme national house shortage recently hit the media, this time from Goldman Sachs which foresees a 250,000 housing shortfall by 2013. […]
RAIN, hail, strong winds and even snow – the cold spring weather seems to be reflecting a generally cooler market. From the 637 auctions reported on the weekend, the clearance rate was 68 per cent. Twelve months ago, there were 626 auctions with a clearance of 80 per cent. The most recent Real Estate Institute […]
Buyer Advocates, said that, while being the highest bidder was important, it was equally important not to give the impression you’re “Mr Moneybags”. “If you are the highest bidder and the agent tries to push you higher with a second vendor bid over your last bid, you should not be tempted to offer more,” Ms […]
FIRST home buyers are being priced out of the market by interest rate rises and sky-rocketing utility prices. Finance approvals to first home buyers have fallen to sixyear lows and made up 15.5 per cent of the total loans market in August, according to Australian Bureau of Statistics data released yesterday. Comm Sec economist Savanth […]
FIRST home buyers are being priced out of the market by interest rate rises and skyrocketing utility prices. Finance approvals to first home buyers have fallen to six-year lows and made up 15.5 per cent of the total loans market in August, according to Australian Bureau of Statistics data released yesterday. CommSec economist Savanth Sebastian […]
BUYERS seem to be sharpening their negotiation skills. as agents report an increasing number of properties selling after auction. From the 708 auctions held last week, the clearance rate was 68 per cent, dipping below 70 per cent (for the first time since mid-September, A year ago. the clearance rate was 82 per cent from […]
Patchy is a word that is often used to describe the current state of Melbourne’s property market. Despite attempts at predictions, agents and analysts by and large agree it’s difficult to draw definitive conclusions about where the market is heading. While the city-wide clearance rate has stabalised in recent months, when viewed suburb by suburb […]
In 2011,wiIl the Melbourne property market be like Sydney’s in 2004 or Perth‘s in 2007? Or will it be like, well, Melbourne’s in 2010? Property prices in Sydney, Perth and Brisbane dropped back in those years, after racing ahead of other capital cities. RP Data analysts now expect a similar trajectory for Melbourne house and […]
