According to an article in the Sydney Morning Herald, inner city property will always have a premium price. An expert from the Reserve Bank of Australia has commented saying that building new homes and releasing more land to deal with pent-up demand won’t necessarily bring down prices. Apparently this is largely due to Australia’s love
More Foreign Homeowners Being Ordered to Sell in Australia
August 10, 2015 by
Real estate prices in Australian cities have been rising rapidly and as a result property prices are at the reach of many Australian citizens. Now investigators are looking into 462 possible breaches by foreign homeowners who could be forced to sell. In Sydney several foreign owners of residential homes have been ordered to sell as
Approvals for New Homes Strengthen in Australia
July 15, 2015 by
According to an article in Propertywire, approvals for new homes in Australia strengthened during May, increasing by 2.4% compared to April. The number of approvals for multi-unit properties increased by 15.1% but in comparison approvals for detached homes dropped by 8.5%. There were a total of 218,442 approvals for the year ending in May, marking
Residential Rental Rates in Australian Cities Growing Slowly
June 25, 2015 by
According to an article in Propertywire, residential rental rates in Australian cities are not only just growing slowly, but at the slowest pace on record. This is according to the latest data from CoreLogic. While the cities of Hobart and Sydney have seen the strongest rental growth over the past 12 months, rents in Canberra,
Why Now Could Be the Right Time to Buy in Australia
May 26, 2015 by
Just recently there has been a lot of talk about housing bubbles in Australia, but an article in news.com.au points out that this could be the time to find a good value property, provided you do your research. Even though buying during a downturn is best, it’s still possible to find good value properties during
Price Growth in Australian Cities Unlikely to Continue
April 9, 2014 by
The latest data shows that prices in Australian capital cities rose by 2.3% last month, and values were up in every state month on month. Data for the March quarter also showed gains of 3.5% during the first quarter of this year. Every capital city in the country saw values rise over the past three
Expert Warns of Australia Real Estate Crash
January 20, 2012 by
A top US real estate analyst has given a stark warning of a possible “bloodbath” in Australian real estate in the next couple of years, predicting that property prices in the country could fall by as much as 60%.
