For the third consecutive month, the number of new homes sold across Australia has increased. This appears to have been pushed up by solid gains in detached house sales in March.
The latest HIA Hew Home Sales report shows that the number of new homes sold increased by 4.3 per cent in March, following on from [...]
The clearance rate for residential auctions this weekend is 56% from the 518 auctions reported selling.
This is lower than the year to date clearance rate of 61% and less that the comparable weekend last year when there was 776 auctions reported with a clearance rate of 75%.
Of the 518 auctions reported this weekend a total [...]
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Real estate sector [...]
With affordability at its lowest level on record, first-home buyers have to think outside the square.
The home-ownership dream rarely used to feature a sibling in your bathtub and a parent on your certificate of title. But these days, first-home buyers are prepared to be flexible.
Housing affordability fell to record lows in the March quarter this [...]
INVESTORS own around two million homes in Australia, and every year thousands claim deductions they are not entitled to and fall foul of the Australian Taxation Office.
The result can be a kindly warning or a significant fine and large interest bill.
The tax office says it is investors’ responsibility to get their tax returns right [...]
CASHED-UP Melburnians keen to snatch beachfront holiday homes for a song from struggling vendors may be in for a big disappointment.
Plunging average prices for regional seaside homes don’t tell the full story.
Valuer-General Victoria sales figures released this month by Land Victoria show median house prices rose in a third of seaside towns!
From the [...]
What happens if rates go up? In today’s low-interest-rate environment one of the common questions property investors ask is, “What happens if I buy now and interest rates skyrocket, like back in the 1980’s?”
An understandable concern and today’s historically low interest rates can’t be sustained forever because at some point the economy will begin [...]
Of the 452 properties up for auction, 83 per cent sold and 77 properties were passed in!
But the number of properties for auction was 126 fewer than at the same time last year!
Real Estate Institute of Victoria CEO Enzo Raimondo attributed the high clearance rate to the extension of the first-home buyers grant [...]
Home buyers are flocking back to variable rate mortgages which now account for 91% of the residential lending market, their highest proportion in four months.
Mortgage broker Mortgage Choice reported in April, basic variable mortgages accounted for 48.15 per cent of all home loans approved - up nearly one per cent from March, while standard variable [...]