House price growth

Australia Faces A Housing Affordability ‘Time Bomb’:

16 August 2011

primed by a dysfunctional planning system, a chronic undersupply of homes, and unrealistic expectations from buyers, according to the chief of one of the nation’s largest home builders. Click here to read full article     Related Taxonomy -Real estate news -House prices

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Australian House Prices To Rise By Up To 20 Per Cent.

16 August 2011

That’s the forecast from research house BIS Shrapnel’s Residential Property Prospects report – based on data from the Real Estate Institute – released today. BIS Shrapnel’s Angie Zigomanis said activity in the lower end of the market – buoyed by the boost to the first home owners grant and low interest rates – were generating [...]

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Brink Of A Property Crash Or The Mother Of All Booms?

16 August 2011

House prices have undeniably come off the boil over the past few months, with estimates from industry analysts suggesting that Melbourne and Sydney’s median prices fell by two per cent and 0.5 per cent respectively over the last quarter. But does this minor correction mean that prices are about to plummet? Should we be panicking [...]

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Get Ready For A Lift Off In Prices

16 August 2011

Click here to read full article Related Taxonomy -Real estate news -Interest rates

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House Prices Jump 3.3 Percent In Second Quarter

16 August 2011

House prices are now back to levels last seen before the onset of the global financial crisis and are expected to continue rising over the rest of 2009 and into 2010, a survey by Australian Property Monitors (APM) found. The national median house price rose to $484,308 in the June quarter, from $468,694 in the [...]

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House Prices Set To Jump

16 August 2011

Adelaide – previously considered among the more affordable cities – may lead the advances, with prices likely to be 23 per cent higher by June 2012 from a base of June 2009, according to the QBE LMI Housing Outlook. Sydney prices may jump 21 per cent in that period, while Melbourne prices may be 19 [...]

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House Prices When Unemployment Rises Above 8.5%

16 August 2011

The theory goes that when people lose jobs, they cannot pay mortgages, foreclosures rise and forced house sales occur. Wider unemployment means less demand because potential buyers’ income disappears. But what happened in practice? The Federal Government has forecast unemployment to rise to 8.5 per cent in 2010, which is close to the forecasts of [...]

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Median House Prices To Top $1m In 10 Years

16 August 2011

Just a decade ago, Sydney’s median house price was $328,000 with few believing it would surpass $500,000. It is currently around $630,000. Click here to read full article   Related Taxonomy -Real estate news -House prices

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Melbourne House Price Jump Leads Nation

16 August 2011

According to RP Data-Rismark’s Australian housing report, released yesterday, in the three months to the end of February, Melbourne’s property prices grew 5.4 per cent. In the same quarter property in Darwin increased 4.2 per cent, the Sydney market was up 3.8 per cent and Adelaide rose 2.5 per cent. Over the year to February, [...]

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No Crash On The Cards Any Time Soon

16 August 2011

Is Australia’s property market a precarious house of cards waiting to topple? Will values crash and burn due to our status as world leader when it comes to household debt and unaffordable real estate (according to the International Monetary Fund)? Apparently not if a recent report in The Australian is anything to go by. The [...]

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