With the housing market once again showing signs of cooling, there has been some debate in recent weeks surrounding the question of if the government will introduce a new first home owner’s grant to prop up the market. So you can imagine the surprise we received today, when news broke …
Figures from the HIA-rpdata.com Residential Land Report show the number of land sales in Australia has fallen sharply, reaching levels not seen in a decade. Sales of land for the 12 months to December 2010 has fallen 40.4 percent and is believed to be due to severe un-affordability reducing demand, …
For years the experts said Australia was different. Due to a so called shortage of houses, prices could only go up, new buyers would just borrow more and our record household debt levels – well it was not really an issue and we would rather not talk about that. When …
Last month we reported statistics from real estate adviser DTZ showing house sales in Chinese first tier cities plunged 64.6 percent in the month of February. Such a sizeable fall was expected to have an impact on prices. Business China has now reported the prices of new homes in Beijing …
Prosper Australia, the organisation behind the Home Buyer’s Strike, has today announced the “Great Australian Land Bubble” has popped. According to Prosper, the statement has been made on the back of extremely poor housing finance figures released by the ABS. Figures from SQM Research show residential properties advertised for sale …
The avalanche of bad residential property news just keeps coming. Today, the ABS reported home loan approvals in February has fallen a seasonally adjusted 5.6 percent to 45,393 approvals. This is the lowest number in the past 10 years, when in February 2001, 44,663 approvals were recorded. February’s figure is …
Figures from the Valuer General show in the month of February, only 2556 properties were settled in Adelaide. This is the lowest recorded figure since the department started keeping records two decades ago. As the state government generates revenue from stamp duty on transacted properties, the slow down has forced …
It has been a busy day on the news front today. After reports of a First Home Buyers Strike and the claim that First Home Buyers have been priced out of the market, there was the announcement this morning that Prime Minister Julia Gillard will not only re-instate the first …
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