Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says all the focus on delivering budget surpluses should not be at the expense of the Treasurer taking much-needed action to address declining affordability in the housing market.
“Since peaking in the early nineties, home loan affordability has been trending downwards to alarming levels,” Ms … more »
At its meeting today, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has … more »
The latest data from RPData shows that capital city dwelling values were down -0.8% in the month of April following the stability witnessed over the first quarter of 2012, leaving national home values down -0.7% year to date.
Property values across the combined capital cities of Australia showed renewed softness in the latter half of April with … more »
Highlighting the high cost of land in inner city areas of the capital cities, a significant premium has been paid to secure a home close to the city centre over the year.
Across each capital city housing market there is a significant gap between those houses that have the lowest rate/sqm and those that have … more »
With the low CPI reading earlier this week, a drop in the cash rate next Tuesday is pretty much a done deal. The question is now will the RBA cut the cash rate by 25 or 50 basis points?
According to financial market expectations (based on the ASX cash rate futures yield curve), … more »
The latest Consumer Price Index (CPI) figures show that the Reserve Bank of Australia’s (RBA) consumer price measures of inflation are not only well within their target zone but are trending down.
Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says there is now no excuse for the Reserve Bank not to deliver the … more »
The Gold Coast Bulletin today reports that the Palazzo Versace hotel at Main Beach will be placed on the market. The six-star hotel owned by the Sunland Group put the Gold Coast on the map when it was completed at the turn of the century.
Sunland has put the hotel on the market to … more »
Jaraman Heights is situated 8 kilometres west of Canungra in the picturesque suburb of Boyland! Surrounded by natural bushland, the eco estate offers a limited opportunity for country style living, close to the convenience of shops, schools and transport.
Vacant land prices start at $199,000, whilst House & Land Packages start from $394,000. … more »
On the 30th April, the State Government’s BOOST grant will come to an end. Until then, if you commit to building a new home, you may be eligible for a $10,000 grant and a further $7,000 if you are a First Home Buyer! That’s $17,000 towards your new home PLUS you may not have to pay … more »
With the Government increasing the migrant intake last year, overseas migration numbers have once again started to increase and population growth has stabilised.
The Australian Bureau of Statistics (ABS) recently released demographic data for September 2011 and it showed that population growth has stabilised over the year after falling for much of the past … more »
