Category Archives: REIA
Renters paying a greater share of their take home income for housing than those with a mortgage
In this week’s RP Data Property Pulse, Cameron Kusher takes a look at the costs associated with housing based on the latest ABS 2009/10 financial year Housing & Occupancy Costs Survey results. According to Mr Kusher, one of the most … Continue reading
New home sales edge up
Sales of new homes rose slightly in August following two consecutive falls, the Housing Industry Association (HIA) has recently announced. The report which was a survey of Australia’s major residential builders, showed that the number of new homes sold in … Continue reading
Can an offer be too low?
As a purchaser, you might feel a property is worth less than the asking price, based on your knowledge of past sales, available properties, condition, location, sitting, design, etc. But how do you know what the seller will accept unless … Continue reading
If interest rates fall, it will be a windfall
What would you do if the Reserve Bank decided to reduce the cash rate next month? Would you continue to pay the same amount off your mortgage, or use the extra cash in some other way? A national survey of … Continue reading
BREAK CONTINUES FOR BORROWERS AS RATES ON HOLD FOR JULY
Century 21, the largest real estate company in the Asia Pacific region, welcomed the decision made today by the Reserve Bank of Australia to leave interest rates on hold at 4.75 per cent as one that was in the best … Continue reading
MOVE TO DEREGULATE REAL ESTATE COMMISSIONS A GOOD OUTCOME FOR BOTH SELLERS AND AGENTS
Century 21 Australia believes that the Queensland Government’s move to deregulate real estate commissions will lead to a fairer commission negotiation system for both vendors and agents. “The selling process and the amount of work involved differ from property to … Continue reading
Mortgages lift as investors swoop
Mortgage sales increased by 18.8 per cent in May as investors took advantage of softer market conditions according to the latest report from mortgage broker AFG. While May is traditionally a strong month for sales before the quieter winter period, … Continue reading
Housing market slows in March quarter
The housing market is going through a cyclical deceleration rather than facing a `bursting of the bubble’, the Real Estate Institute of Australia (REIA) said this week. Announcing the release of the report Real Estate Market Facts for the March … Continue reading
