Real Estate Blog

WITH its tree-lined streets, rolling hills and water views, Eltham is known for offering the best of country living a short distance from the city. more

See also Melbourne’s Best

THE nationwide housing shortage could fuel a new round of illegal rent auctions, Australia’s peak home building industry organisation has warned. more

The number of new homes under construction is forecast to drop for the fifth consecutive year, widening the shortfall in available homes for the future and making rental properties more scarce. more

DETROIT — One dollar can get you a large soda at McDonald’s, a used VHS movie at 7-Eleven or a house in Detroit. The fact that a home on the city’s east side was listed for $1 recently shows how depressed the real estate market has become in one of America’s poorest big cities.
And it still took 19 days to find a buyer. more

Housing starts and permits tumble in July: Financial News - Yahoo! Finance

New Residential Construction Index - US Census

NAHB: Housing Starts

UPDATE 1-US housing starts and permits tumble in July | Markets | Markets News | Reuters

Single-family housing permits fall to 26-year low in July - MarketWatch
[Read the rest of this entry...]

ONE of Townsville’s most extravagant homes is on the market – and could smash the region’s price record. The mansion on Victoria St, North Ward, home to solicitor Barry Taylor, was named House of the Year after completion last year. The Townsville Bulletin understands the asking price for the North Ward home will be in the region of $8 million. more

HSBC has cut its fixed rate mortgages, but there’s still no relief for borrowers on variable rates. more

British house prices posted the biggest annual fall since at least 2002 as banks cut mortgage lending, deepening London’s property slump, says website Rightmove. more

ASK any tenant and they will tell you rents are soaring. But landlords are also suffering with rental returns at their lowest in a decade. more

Buyers reacted positively to speculation about a drop in interest rates by the Reserve Bank leading to an improvement in the clearance rate at today’s Melbourne auctions. There were 450 auctions held today or which 295 sold leading to a clearance rate of 66 per cent, up from 61 per cent last weekend. Of the 155 properties that were passed in 112 were passed in on a vendors bid. Next weekend we expect to see 515 auctions and just over 600 the weekend after.

[Read the rest of this entry...]