Investors to wait and watch
It would seem all the stars are aligned: low rates, population growth, low vacancy rates, strong rents and a shortage of housing in most capitals.
Since late 2008, the number of loans to first home buyers has substantially outweighed those to existing owner-occupiers and investors as first-time buyers rush to take advantage of the increased government [...]
House price rise bucks global trend
The value of Australian homes increased in the first quarter, bucking a global trend downwards, according to a report recently issued.
House and flat prices in Australia increased in value by 1.6% in the first three months of the year, according to RP Data-Rismark, helped by a scarcity of supply, lower interest rates and incentives to [...]
Renters should buy now!!
Increasing rents have boosted the housing component of the Consumer Price Index (CPI) by 0.9 per cent for the quarter and the overall annual increase to 5.5 per cent, that’s according to Australian Bureau of Statistics (ABS) figures released this week.
The CEO of Real Estate Institute of Australia has said, “The majority of this increase [...]
Top growth performing suburbs!!
RP Data released its top price growth suburbs, recording the greatest increase in median house and unit prices during the 12 months to December 2008.
North Sydney suburbs were the standout performers for both houses and units with median house prices appreciating 47.4 per cent in McMahons Point and unit prices growing 49.8 per cent in [...]