Property News Archive

Auction Results - Per Individual State December 21, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.          . 29/12/2008

Advice on buying and renting from the Taxman - In today’s housing market it’s no surprise some property investors may decide to rent out new properties instead of selling – leading to a possible adjustment to GST credits.  . 20/12/2008

Prices are up north of Sydney - Sydney’s Northern Districts is weathering the economic downturn – recording a 9% jump in house prices. . 19/12/2008

REIA welcomes administration changes - The Real Estate Institute of Australia (REIA) has welcomed the Government's announcement of changes to the administration of real estate purchases by foreign investors. . 19/12/2008

Auction Results - Per Individual State December 14, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.        . 18/12/2008

Queensland unit and townhouse market stable - Continuing a Queensland real estate trend, the number of affordable units and townhouses sold increased over the September quarter, according to the latest Real Estate Institute of Queensland (REIQ) unit and townhouse sales data. . 14/12/2008

REIA welcomes housing affordability focus - The Real Estate Institute of Australia (REIA) welcomes the release of the consultation papers by the Henry review, which places a priority on housing affordability as one of the key areas for review. . 13/12/2008

350,000 Households rescued from mortgage stress - Recent interest rate cuts have provided welcome relief for mortgage belts around Australia. In the vicinity of 350,000 households have been rescued from mortgage stress on account of rate cuts. . 12/12/2008

Auction Results - Per Individual State December 7, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.      . 11/12/2008

Nothing to fear except fear itself - Leading industry analyst and economic forecaster, BIS Shrapnel, has said the Australian economy will not fall into recession, despite the dismal growth in real GDP in the September quarter. . 08/12/2008

Laing+Simmons GM asks for more - As expected, the Reserve Bank cut interest rates again on Tuesday, reducing the official cash rate by 100 basis points to 4.25%. While this will provide a boost for mortgagees going into the Christmas period, governments need to do more to stimulate ongoing activity in the residential market according to Laing+Simmons general manager, Leanne Pilkington. . 06/12/2008

HIA welcomes further cuts - The HIA, Australias largest building industry association, says that the further 1 percentage point cut to interest rates by the Reserve Bank of Australia will help more aspiring first home owners live the dream. . 05/12/2008

REIA releases Housing Affordability Report - The Real Estate Institute of Australia (REIA) has released its latest Housing Affordability Report. The report, which the REIA has produced for 22 years, is a comprehensive assessment of the ability of Australian’s to meet the cost of home purchase. . 05/12/2008

Land Release the key - HIA, Australias largest building association and RP Data, Australian leading property information service have formed an alliance to produce a new land report that will help fill the gap in understanding of vacant land markets across Australia. . 04/12/2008

Doom and gloom downturn fears unfounded - Claims that the Australian property market would in 2008 experience a major downturn have been proven incorrect based on the most recent findings of the RP Data-Rismark Hedonic Property Value Index, which in October again showed that Australian capital city property prices had increased for the second consecutive month. . 04/12/2008

Sales jump in October - Sales of new houses jumped 6.7% in October, sparked by the one per cent drop in interest rates and tripling of the First Home Owners Grant in mid-October, according to the latest Housing Industry Association survey of major builders. . 28/11/2008

A capital result for house prices - Research by PRDnationwide revealed the median price for houses in the Australian Capital Territory grew by an impressive 10.5% to reach $475,000 in the six months up to June this year. . 28/11/2008

Auction Result - Individual state November 23, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.  . 27/11/2008

Affordability reigns supreme in Cairns - Affordability is the number one priority for Cairns buyers with cheaper properties getting snatched up, a recent report has found. . 26/11/2008

HIA: Public Housing needed for economic security - The Housing Industry Association, Australias largest building industry association has urged the federal and state governments to make a greater commitment to public housing. . 26/11/2008

The market is going to Townsville - Property market in Townsville is proving resilient despite the current economic climate, with investors continuing to show confidence, according to local property agency director, Nick Ferry. . 26/11/2008

Rivera runs deep on advice to developers - Colliers International residential research director, Jonathan Rivera, has urged developers to think outside the square to insulate themselves from a market downturn. . 20/11/2008

Auction Result - Individual state November 16, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.       . 20/11/2008

Apartment market value apparent - New unit sales in Brisbane increased in the past quarter despite the economic volatility. . 20/11/2008

Bend it like Bendigo - The City of Greater Bendigo is experiencing a property boom according to local property developer, Villawood Properties, who today announced local sales increases of 300%. . 20/11/2008

Auction Result - Individual state November 9, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.     . 17/11/2008

Prestige market weathers downturn best - Research released by Knight Frank this week suggests that while all sectors of the Australian residential market have slowed over the last year, the prestige residential sector, particularly the upper end of the market, has weathered the downturn better than the mainstream residential market, however the strong price growth of recent years has eroded. . 07/11/2008

Pilkington delivers Sydney outlook - Laing+Simmons general manager, Leanne Pilkington, has given her outlook for the Sydney property market in 2009; a year that will be characterised by the fallout effects of the global economic crisis, tightened lending policies from the banks and an increased awareness of environmental issues. . 07/11/2008

Auction Result - Individual state November 2, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.   . 06/11/2008

Rate cuts needed to boost building activity - HIA, Australias largest building industry association, believes weak building approvals throughout 2008 to date confirmed the importance of rate cuts that will hopefully put a floor under new home building activity and stimulate a much needed recovery in the sector. . 06/11/2008

HIA welcomes interest rates cut - The HIA, Australias largest building industry association, has welcomed the decision of Reservve Bank to lower interest rates by 0.7%. . 06/11/2008

Bribie Island far from sinking -

The market is hotting up in the coastal community of Bribie Island as PRDnationwide prepares to open a new agency on the island on 1 November.

. 31/10/2008

Sales down but Whitsunday market still hot - Despite a dramatic drop in sales, the average Whitsunday house is recording impressive growth and record median prices. . 30/10/2008

Northern Beaches top end thrives - PRDnationwide Research has just released the latest figures on the Northern Beaches property market. . 30/10/2008

Increase in FHOG boosting new stock - The Federal Government’s decision to triple the First Home Owner Grant for newly built stock is expected to have an impact on new home sales. . 30/10/2008

Vacant land the winner in Mudgeeraba - The Mudgeeraba area housing market has seen a 46% drop in the number of sales recorded over the past 12 months a new report has shown. . 30/10/2008

Auction Result - Individual State October 26, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.   . 30/10/2008

Auction Result - Individual State October 19, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.   . 23/10/2008

Auction Result - Individual State October 12, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 16/10/2008

Auction Result - Individual State October 5, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 09/10/2008

Land costs and affordability challenge market - The production of new land throughout many regions in Australia in 2008/09 is to be restricted by a combination of high prices for residential land and the higher interest rates seen during 2007/08, according to economic forecaster and industry analyst, BIS Shrapnel. . 03/10/2008

Three ways to help home buyers - The Real Estate Institute of Victoria has welcomed suggestions from Victorian Premier John Brumby that governments need to do more to assist young Victorians to purchase their own home. . 03/10/2008

September recovery for mortgage sales - According to mortgage broker AFG, sales of mortgages across Australia during September recovered by 10.2% from the previous month. . 02/10/2008

Auction Result - Individual State September 28, 2008 - Weekly release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 02/10/2008

REIQ clears up body corporate insurance - Housing affordability is understood to be making the unit and townhouse market increasing popular with first home buyers, according to the Real Estate Institute of Queensland. . 02/10/2008

Growing population, slowing activity - According to the HIA, a general weakness in leading housing indicators is persisting into the second half of 2008, with building approval figures confirming a continuance downward trend over the last nine months. . 01/10/2008

Affluent attracted to hotel housing - Hotel managed residences have been found by Colliers International to be targeting the affluent with promises of 5 star living. . 01/10/2008

Sunny days for Peregian Springs - FKP Property Groups Peregian Springs on the Sunshine Coast has topped all neighbouring suburbs to record a 13.4% rise in house prices. . 30/09/2008

Population growth to impact housing - Australian Bureau of Statistics figures show that in the first quarter of 2008 the Australian population grew by 102,000, higher than any previous reading, and the HIA says that this will have an impact on housing affordability. . 26/09/2008

Continued struggle for new home sales - According to the latest New Home Sales Report from the HIA, there is an on-going weakness in new residential construction that was prevalent to the current deterioration in global financial conditions and confidence. . 26/09/2008