Median house prices have risen nationally for the first time since September 2010, indicating early tentative signs of recovery in the housing market, according to Australian Property Monitors’ Quarterly Housing Report.
Following five consecutive quarterly falls, national house prices increased marginally in the December quarter, though units fell (-0.5 per cent).
The rise in the national median house prices reflects activity in … Continue Reading »
The latest rental vacancy data has been released by the REINSW and shows a slight improvement in conditions in Sydney but a deterioration in other metropolitan centres.
The December rental vacancy rate for the Sydney metropolitan area rose by 0.2 percent to 1.6 percent, the first increase in more than 3 months. While this increase is … Continue Reading »
A soft homebuyer market has put increased pressure on the rental market, resulting in higher rents across the country, according to Australian Property Monitors’ Rental Price Series Quarterly Report.
Nationally, median weekly asking rents for houses rose by +1.1 per cent in the December quarter with rents for units rising by +1.4 per cent. Canberra experienced the biggest increase of all … Continue Reading »
Reprinted courtesy of APM – Andrew Wilson, January 15, 2012 (as published in The Sydney Morning Herald at smh.com.au)
Despite difficult circumstances, the Sydney housing market generally performed solidly last year.
After unsustainably strong price growth in 2009 and into 2010, and numerous interest rate rises, housing affordability and buyer confidence had tumbled by the start of last year.
The unemployment rate … Continue Reading »
35 reasons why property is the smartest investment in 2012 Bricks and mortar have taken a knocking in recent months – but it’s still one of the most robust investment classes, especially in the long term. Here’s why.
1.It’s safe (as houses)
There’s a reason why ‘safe as houses’ is a well-known phrase: it’s true. According to research by AMP, Australian … Continue Reading »
Property is on people’s minds again – the holidays are over and it’s time to get serious about what you’re doing with real estate this year.
Here are a few facts. Property peaked in May 2007 when it was growing at 4.0 per cent per year, but by early 2008, property value growth had hit zero and was heading south … Continue Reading »
With another year comes a new property outlook.
Andrew Winter, host of Selling Houses Australia on The Lifestyle Channel, offers some “Resolutions” for 2012.
1. I will not place my house on the market unless I seriously want to sell and understand that the price I am finally offered may not be what I hoped for.
2. If I am selling, I will … Continue Reading »
In seasonally-adjusted terms, Australia’s capital city home values rose by 0.1 per cent in November, which was the first increase since December 2010. Regional house values recorded a 0.3 per cent (s.a.) rise in November, which was also the biggest increase since December 2010.
Based on around 312,000 sales over the first 11 months of 2011, the market-leading RP Data-Rismark Home Value Index recorded increases in home values … Continue Reading »
Australians consider their health, family wellbeing and love to be the most important measures of their prosperity, over solely their financial status, according to the results of a national survey launched today. But whilst these family-oriented values play an important role in our overall wellbeing, only half of us consider ourselves to be prosperous, as the year draws … Continue Reading »
ANZ has become the first of the big four banks to cut interest rates in the wake of the Reserve Bank’s decision on Tuesday, matching the 25 basis-point reduction.
After two days of silence in which the major banks have been resoundly criticised for holding off, ANZ said today that given the economic conditions facing consumers that it should pass on … Continue Reading »
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