Category Archives: Propety Prices
Mortgage Arrears Continue To 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 … Continue reading
RATE HOLD TO HELP PROVIDE STABILITY IN HOUSING MARKET
Century 21, the largest real estate sales organisation in the Asia Pacific region, believes that the decision by the Reserve Bank of Australia (RBA) to keep the official cash rate on hold will provide some stability for the property market … Continue reading
RBA holds interest rate on Melbourne Cup Day
This is the first time in 6 years that the RBA has not moved interest rates in Australia on Melbourne Cup Day. The Reserve Bank of Australia today decided to hold the official cash rate at 3.25 per cent– a … Continue reading
Positive Signs For The Australian Housing Market
Century 21, the largest real estate sales organisation in the Asia Pacific region, believes that a spike in housing approvals over August, falling interest rates and rising capital city dwelling values suggest a housing market recovery may be well underway. … Continue reading
First Home Buyers in Queensland benefit from buying off the plan or building
Queensland first home buyers and the construction industry will benefit from the Newman Government’s first State Budget, which more than doubles the grant for new first home buyers. Premier Campbell Newman said first home buyers would receive $15,000 – up … Continue reading
Australians pay off mortgages at record speed
The acting CEO of Westpac, Australia’s biggest bank, has claimed that today’s homeowners are paying off their mortgages at twice the average rate for the past 30 years. Speaking in Canberra at last week’s … Continue reading
Australians love to renovate
Australian spending on renovations hit $31 billion last year. The current economic climate has made Australians hesitant to take on additional debt. Rather than purchasing a new home, people are investing in renovation projects on their current properties. TV shows … Continue reading
Capital City Values Rise Again
Dwelling values across capital cities recorded a second month of capital gains in July with dwelling values up by 0.6 per cent over the month following a 1.0 per cent rise in June. The RP Data-Rismark Hedonic Home Value Index … Continue reading
RBA: the purported Housing Bubble, Australia’s economy and China
The Governor of the Reserve Bank of Australia, Glenn Stevens, recently delivered a speech at a charity luncheon in Sydney that provided some telling commentary for Australian property investors. A highly respected figure that is watched closely by markets due … Continue reading
