API Australian Property News

NSW Budget earns ire of agents

Tue, 18 Jun 2013 16:35:50 +1000

The New South Wales Government has resisted lobbying from the real estate sector to reintroduce the First Home Owner Grant for established dwellings in today’s 2013 Budget.

Positive outlook for housing market: RBA

Tue, 18 Jun 2013 13:20:34 +1000

This month’s meeting of the Reserve Bank of Australia (RBA) board found building approvals for both higher-density and detached dwellings had increased.

Uncertainty around planning processes a concern: experts

Fri, 14 Jun 2013 16:18:05 +1000

Despite 11,000 new dwelling approvals in New South Wales this financial year, the Urban Taskforce says delays in the implementation of a new planning process could result in a housing supply shortfall in the years ahead.

Call for property developers in NT

Fri, 14 Jun 2013 16:16:26 +1000

Property developers are being asked to submit proposals for stage two of a large subdivision project at Palmerston East in the Northern Territory.

Survey says investors are keen on property

Wed, 12 Jun 2013 15:55:16 +1000

A study by one Australian mortgage broker indicates property is a priority for investors over the next two years.

Queensland planning legislation to be overhauled

Wed, 12 Jun 2013 15:53:11 +1000

Less red tape, streamlined processing and a reform to infrastructure charges are set to overhaul the state’s planning laws and speed up development in Queensland, according to the state’s Deputy Premier.

Investor home loans hit five-year high

Tue, 11 Jun 2013 16:05:02 +1000

Investors are coming back to the market place, with loans for housing finance on the rise.

Housing grants remain in SA Budget

Thu, 06 Jun 2013 16:59:47 +1000

South Australia has decided to extend its housing-related stimulus as part of the 2013 Budget handed down today, bucking the trend of other states.

Properties selling faster

Thu, 06 Jun 2013 16:26:57 +1000

Properties across Australia are selling faster, with April sales results from RP Data Property Pulse showing a sharp drop in the time properties spend on the market compared to this time last year.

Australia’s development hotspots revealed

Thu, 06 Jun 2013 14:45:46 +1000

The locations that saw the most residential building activity and highest population growth last financial year have been revealed.

Court ruling prompts warning for unit investors

Wed, 05 Jun 2013 16:06:30 +1000

A Victorian Supreme Court ruling has upheld a property owner’s right to rent out his unit to short-term occupants in a long-stay complex.

Hip pockets hit in ACT Budget

Tue, 04 Jun 2013 16:20:31 +1000

Canberra property owners will be hit with a rates increase as part of the next stage of the Australian Capital Territory (ACT) Government’s tax reform plan, outlined in today’s Budget.

Queensland receives a tough Budget

Tue, 04 Jun 2013 16:05:44 +1000

Lower than forecast revenue and the ongoing mammoth bill for a series of natural disasters have resulted in a no-frills State Budget in Queensland.

Strong growth in mortgage sales

Tue, 04 Jun 2013 15:43:25 +1000

Mortgage sales have increased for the second consecutive month, up by almost 13 per cent on April figures, according to the Australian Finance Group (AFG) Mortgage Index.

Resumed property sell-off progresses

Tue, 04 Jun 2013 15:42:14 +1000

Attempts to sell off government-owned properties in Queensland’s Mary Valley region are progressing well, with the latest campaign recording a strong response.

RBA sits tight – this time

Tue, 04 Jun 2013 15:07:49 +1000

Official interest rates remain on hold at 2.75 per cent following today’s monthly meeting of the Reserve Bank of Australia (RBA).

WA reforms open door to more housing options

Tue, 04 Jun 2013 09:55:51 +1000

Homeowners in Western Australia can now rent out backyard granny flats to any tenant, after the government removed a rule that only family members could occupy such dwellings.

Market indicators positive but confidence still to recover

Mon, 03 Jun 2013 16:10:22 +1000

A decline in the value of city dwellings for the month of May could be a result of falling consumer confidence, according to RP Data’s national research director.

Rental shortfall triggers opportunity for homeowners

Thu, 30 May 2013 10:32:48 +1000

A rental accommodation shortfall across Australia has resulted in a 14 per cent drop in short-term room rentals since last year, according to a recent survey.

Small developments to plug city’s shortfall

Wed, 29 May 2013 15:46:07 +1000

A researcher says infill development will be necessary to cover property demand in an improving Brisbane market.

Building industry regulator dismantled in Queensland

Wed, 29 May 2013 15:44:59 +1000

The Queensland Government will take a sledgehammer to the state’s construction sector regulator and replace it with a new, reformed body.

Brisbane inner city market undersupplied

Fri, 24 May 2013 15:54:16 +1000

There’s a very limited supply of housing in Brisbane at present and auctions are increasing in popularity as sellers regain a more optimistic view of the market, according to one analyst.

First homebuyer grant scrapped in Tasmania

Fri, 24 May 2013 14:27:50 +1000

The Tasmanian Government will scrap its First Home Owners Grant for established properties and wind down a boosted incentive for new builds, as part of its frugal 2013 Budget.

Queensland courts cashed-up tourism investors

Thu, 23 May 2013 13:49:10 +1000

More than 100 local and international investors, developers and financiers converged on Brisbane last night to preview a portfolio of tourism investment opportunities.

NSW high growth areas set to benefit

Thu, 23 May 2013 12:22:41 +1000

A $405 million windfall from the sale of government-owned property assets will be used to boost infrastructure in high growth areas across New South Wales and in turn encourage investment.