Monthly Archives: January 2012
Housing Finance Lifts
Housing finance picked up in November, according to data released this week by the Australian Bureau of Statistics. In seasonally adjusted terms, the number of commitments for owner occupied housing finance rose 1.4 per cent in November 2011. In trend … Continue reading
New homes sell like cakes
Sales of contracts to build new homes lifted following the first cut in interest rates in November, according to the Housing Industry Association. The HIA/JELD-WEN New Home Sales report shows that the seasonally adjusted number of new home sales increased … Continue reading
First Home buyers to lead the way in 2012
First time buyers are expected to be the major players in the property market this year, according to a nationwide poll of mortgage brokers. The Loan Market poll of 252 of its brokers found that 36% of respondents expected first … Continue reading
Year off to positive start for residential real estate with dwelling approvals up
Century 21, the largest real estate organisation in the Asia Pacific region, believes that the uplift in dwelling approvals recorded in November 2011 is welcome news for the Australian property market leading into 2012. “According to data released by the … Continue reading
Update on Government Inquiry on Residential Strata Insurance
The House of Representatives Standing Committee on Social Policy and Legal Affairs will be holding public hearings in Cairns, Townsville, Mackay and Port Douglas later in January/early February in relation to the inquiry into residential strata insurance. The Cairns hearing … Continue reading
Mortgage arrears continue fall
Mortgage arrears have fallen for the second consecutive quarter, a welcome indication that Australia’s property market is remaining solid amid global financial turmoil, but there’s some even more good news. According to the latest Fitch Ratings Dinkum Index for the … Continue reading
Homes More Affordable Now
Housing has become a lot more affordable over the past year, due to a drop in home prices combined with lower home loan rates and higher incomes, according to property analysis provider RP Data. Based on around 285,000 sales over … Continue reading
