API Australian Property News

Australian stability lures foreign buyers

Wed, 11 Nov 2009 18:15:31 +1100

The stability of the Australian residential property market has helped to retain interest among overseas buyers despite the Australian dollar's ascendency against the greenback, Colliers International residential directory Murray Wood says.

Australians more confident about the future

Wed, 11 Nov 2009 18:11:52 +1100

More than half of Australians believe that the domestic economy will have improved in six months time, according to research compiled by STW Group's AMR Interactive.

Costs of owning and renting ‘on a par’

Wed, 11 Nov 2009 18:09:28 +1100

The cost of owning or renting a home might be closer together than many people think, an RP Data analysis suggests.

First homebuyers drive finance market

Tue, 10 Nov 2009 20:29:06 +1100

Home lending jumped 4.8 per cent in September, led to a large extent by first homebuyers taking advantage of the full First Home Owner Boost, due to be phased out at the end of the year.

Rental growth tipped to return

Tue, 10 Nov 2009 20:27:10 +1100

Capital city rents have come off their peak but are likely to resume growth as interest rates increase and first homebuyer activity declines, RP Data senior research analyst Cameron Kusher says.

Super cap increases interest in property

Tue, 10 Nov 2009 16:48:35 +1100

People are more likely to invest their extra funds in property than in shares, according to the latest Archicentre Consumer Sentiment Poll.

Changing shape of the suburbs

Mon, 09 Nov 2009 21:40:48 +1100

Property developers must adapt to a market that is increasingly moving away from the standard house lot, according to a researcher.

Many not affected by rate rises

Mon, 09 Nov 2009 14:53:18 +1100

The next wave of interest rate rises is unlikely to have an effect on many mortgage holders, according to new research by website RateCity.

Caution by lenders ‘overdone’

Mon, 09 Nov 2009 10:07:51 +1100

If the constraints to housing supply in Australia aren't addressed by governments and lenders the country's economic prosperity will be under threat, according to the Reserve Bank of Australia Governor Glenn Stevens.

Canberra still the most affordable

Mon, 09 Nov 2009 10:05:58 +1100

Houses in the Australian Capital Territory remain the most affordable in Australia, according to the latest Real Estate Institute of Australia Affordability Report.

Outright ownership drops

Fri, 06 Nov 2009 16:11:30 +1100

Fewer Australians own their homes outright nowadays, according to a new report by the Australian Bureau of Statistics (ABS).

Signs of housing recovery for NSW

Thu, 05 Nov 2009 07:35:14 +1100

Strong signs of recovery are evident in New South Wales, with a 29.4 per cent spike in property and land sales in the 12 months leading up to the September 2009 quarter, according to Treasurer Eric Roozendaal.

NSW state levies damage the housing market

Tue, 03 Nov 2009 17:00:41 +1100

The Commonwealth Government has told the New South Wales Labor Party its state levies are responsible for the death of the housing market, according to Shadow Minister for Infrastructure Brad Hazzard.

Investors must consider more than the suburb

Tue, 03 Nov 2009 16:57:08 +1100

There's more to consider for capital growth than just the suburb, according to Grow Consulting Group managing director Ayda Shabanzadeh.

Housing bet sends pessimist on long walk

Tue, 03 Nov 2009 16:50:01 +1100

Macquarie Bank interest rate strategist Rory Robertson says he doesn't know much about racehorses but on Melbourne Cup day his winner is already "home and hosed", as he's won his year-old bet on Australian house prices.

Coastal markets tipped to maintain growth

Tue, 03 Nov 2009 16:28:54 +1100

Coastal property markets will most likely continue to climb in value despite fears related to global warming, RP Data national research director Tim Lawless says.

RBA lifts interest rates

Tue, 03 Nov 2009 16:04:26 +1100

The Reserve Bank of Australia (RBA) has lifted the cash rate from 3.25 per cent to 3.5 per cent today.

Melbourne leads the way in price growth

Mon, 02 Nov 2009 19:38:45 +1100

Home prices rose 4.2 per cent in the September quarter, according to Australian Bureau of Statistics (ABS) figures.

Mortgage holders confident despite rate rise

Mon, 02 Nov 2009 19:35:28 +1100

In the face of a likely further interest rate rise tomorrow, most borrowers have already considered this probability when borrowing, according to the Mortgage and Finance Association of Australia (MFAA).

Investors return to RMBS market

Mon, 02 Nov 2009 18:20:51 +1100

Investors are starting to look for opportunities in Australian residential mortgage-backed securitisation (RMBS) markets, which have been subdued in the wake of the global financial crisis, a Standard and Poor's report suggests.

Price cap for First Home Owners Grant

Mon, 02 Nov 2009 18:18:19 +1100

Australian states and territories will be permitted to set a price cap for the First Home Owners Grant (FHOG) from the beginning of next year.

Brisbane’s electronic DA to save $31 million

Fri, 30 Oct 2009 19:28:45 +1100

An electronic development assessment (eDA) to be launched next July will cut Brisbane industry costs by $31 million, according to the Brisbane City Council.

Outlook for non-residential property in 2010

Fri, 30 Oct 2009 19:22:30 +1100

The non-residential property investment climate will remain a challenge in 2010, according to a researcher.

Property prices steady in September

Fri, 30 Oct 2009 14:47:48 +1100

Australian property prices were largely unchanged in September, showing a rise of just 0.1 per cent, according to the RP Data-Rismark National Home Value Index.

First homebuyers resilient beyond the boost

Thu, 29 Oct 2009 18:38:19 +1100

Sixty per cent of first homebuyers intending on buying in the next 12 months aren't rushing to secure the First Home Owner Boost before it ends, according to the RAMS first homebuyers' Pulse Check Report.