API Australian Property News

Melbourne expected to stay strong

Tue, 09 Feb 2010 09:59:20 +1100

Melbourne has been credited with leading the next property boom and the market is expected to stay strong for some time.

WA median prices strengthen

Mon, 08 Feb 2010 15:46:28 +1100

The Western Australia property market has sprung back with strong median price growth in houses and units, according to the Real Estate Institute of Western Australia (REIWA).

Rates still expected to rise in 2010

Fri, 05 Feb 2010 17:20:33 +1100

Three consecutive interest rate rises may have bought the Reserve Bank of Australia (RBA) a little time to sit on the sidelines in early 2010, according to CommSec economist Savanth Sebastian.

Private house approvals up

Thu, 04 Feb 2010 21:58:52 +1100

Approvals for private sector houses rose by 3.1 per cent in December following a fall in the previous month, according to the Australian Bureau of Statistics.

Construction shows signs of a recovery

Thu, 04 Feb 2010 08:27:45 +1100

While the Australian construction industry was hit by the global financial crisis (GFC) last year, things are looking up this year.

Affordability makes Hobart tops for growth

Wed, 03 Feb 2010 16:08:06 +1100

Figures out today that show property in Hobart has outperformed its mainland cousins over the past decade might come as a surprise to some property watchers, but not to professionals working in the local market.

Land sales point to building boost

Wed, 03 Feb 2010 15:37:47 +1100

Land sales and prices both climbed in the September 2009 quarter, figures from the Housing Industry Association and RP Data show.

Migration needed to keep economy healthy

Wed, 03 Feb 2010 10:34:45 +1100

Migration will play the key role in reducing the economic dent the ageing population will have on the Australian economy, according to the Federal Government’s recently released 2010 Intergenerational Report that tackles the social and economic issues Australia will be faced with over the next 40 years.

Dreams of home ownership slipping away

Tue, 02 Feb 2010 18:10:51 +1100

Owning a home is really starting to become just a dream for Sydneysiders, according to the Urban Taskforce.

Invasion of the property investors

Tue, 02 Feb 2010 17:24:57 +1100

Now that the First Home Owners Boost has ended, property investors are "invading the residential real estate market", according to an Australian mortgage broker group.

Couples take joint approach to property

Tue, 02 Feb 2010 16:36:48 +1100

Buying property is a joint decision for most couples, according to a PRDnationwide poll that found both partners are involved in the decision-making process in 65 per cent of households

Interest rates on hold

Tue, 02 Feb 2010 16:34:36 +1100

The Reserve Bank of Australia (RBA) has surprised economists by leaving official interest rates on hold at 3.75 per cent, partly in response to the fact lenders had already increased their interest rates by more than the central bank.

Don't buy for the wrong reasons

Tue, 02 Feb 2010 12:10:35 +1100

It has been well reported that Australia - or parts of it - is facing a housing shortage, but that's not necessarily a good reason to buy, according to a property expert.

Retirement income can be found in the family home

Mon, 01 Feb 2010 10:05:25 +1100

Rising home values can benefit retirees, according to Homesafe Solutions.

Housing confidence back to boom times

Mon, 01 Feb 2010 09:57:33 +1100

Housing confidence is back to the housing boom high, according to the Mortgage and Finance Association of Australia (MFAA).

Victorian homes must comply with star rating

Fri, 29 Jan 2010 09:25:31 +1100

If you build a new home or renovate an old one in Victoria it must comply with energy efficiency and water saving regulations, known as Five Star.

Shop around for best rate

Fri, 29 Jan 2010 09:21:41 +1100

As the Reserve Bank is expected to lift the official cash rate to four per cent next Tuesday, mortgage holders must assume lenders will mirror this move, according to financial comparison website RateCity.

Property prices rise as expensive suburbs recover

Thu, 28 Jan 2010 11:26:14 +1100

The more expensive suburb investors drove the national market to a 12.1 per cent median house price rise for 2009, according to Australian Property Monitors (APM).

CPI rise doesn’t mean rates should rise

Thu, 28 Jan 2010 11:23:40 +1100

The consumer price index (CPI) increased by 0.8 per cent for housing in the December 2009 quarter, compared to an increase in overall inflation of 0.5 per cent.

Inexperienced prefer brokers

Wed, 27 Jan 2010 16:52:46 +1100

First-time buyers are most likely to use a mortgage broker to find a suitable home loan, according to recently released data.

First homebuyers will still be active

Wed, 27 Jan 2010 10:52:46 +1100

Many first homebuyers continued to purchase after the First Home Owners Boost (FHOB) was scaled back last year and many will continue to purchase now that it has ended too, according to Mortgage Choice.

Melbourne's record breaking median rise

Mon, 25 Jan 2010 16:55:34 +1100

Melbourne's median house price has surged 15 per cent to a record high of $540,500 in the recent quarter, according to the Real Estate Institute of Victoria (REIV).

Myth buster: housing more affordable now

Mon, 25 Jan 2010 07:19:16 +1100

Housing affordability has eased slightly over the past six years, according to a new measure of housing affordability.

House prices expected to rise

Fri, 22 Jan 2010 18:00:05 +1100

Australians expect house prices to rise over the next 12 months, according to January's Westpac-Melbourne Institute Consumer Sentiment Survey.

Good news puts rate rise in the frame

Wed, 20 Jan 2010 22:00:35 +1100

A string of positive economic news in recent days makes a Reserve Bank interest rate rise next month more likely, economists say.