Further doubt has been cast today, if Australia’s housing market is in fact different to the rest of the world. The latest RP data update on Australia’s capital city market has shown house prices have fallen a seasonally adjusted 4 percent for the 12 months to October 2011. Prices fell …
With the super Saturday flop still in memory, Melbourne property lobbyists have turned to a frog in a last ditch effort to try to save the market. The ABC’s PM reports “Developers say property prices in Melbourne’s urban growth corridors may skyrocket because of an endangered frog.” According to Tony …
SQM’s Louis Christopher and Kochie featured on Sunrise today to talk about the future of Real Estate in Australia. Louis Christopher explained how auction clearance rates are actually calculated, while Kochie talked viewers through the credit crunch and how Australia has the most expensive property in the world. The video …
Television news and printed newspapers around the country has today reported on comments from the Economist Magazine warning the Australian residential property market could plunge 25 percent, triggered by the European Debt Crisis. The European debt crisis reached new highs this week when an auction of $8.26 billion 10 year …
According to press release from the Mortgage & Finance Association of Australia, “First time home buyers have little confidence in the Australian economy, as they baulk at property purchases and hoard their cash”. The press release detailed statistics from a recent Commonwealth Bank/Mortgage & Finance Association of Australia Home Finance …
The last month have seen some large and dramatic changes in China’s property market. A wave of real estate agency closures in Beijing and Shenzhen and falling prices has many Chinese believing the real estate market has reached all time highs and is now finally correcting. Recent weeks have seen …
Over the past 18 months we have reported on numerous attempts by the Chinese Central Government to try to cool their overheating property market, using measures such as restricting citizens from purchasing multiple homes, increasing interest rates and increasing bank reserve ratios. In the past two months, these measures have …
The September update to Australia’s official house price index was released today showing house prices continue to fall in Australia. The weighted average of the eight capital cities fell 1.2 percent in the last quarter according to the Australian Bureau of Statistics. The ABS also revised down the June quarter …
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