Australian real estate news
By: Staff Reporter Residential property prices are expected to tumble over the coming 12 months, new research has found. According to NAB’s Residential Property Survey, Australian house price expectations have …
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Property price growth to fall
THE underperformance of sea-change locations is one of surprise features of the residential market.
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Sea-change locations need more lure
Agents are required to disclose the history of the property, even if a murder took place in a house they are selling. The Australian Competition and Consumer Commission this month gained power to fine agents up to $1.1 million for misleading their clients. Under the new laws, if properties such as the Glen Iris townhouse where Margaret Wales-King and her husband Paul King were bludgeoned to death or the Mornington home where John Sharpe killed his wife Anna Kemp and daughter Gracie with a speargun were to come on the market, potential buyers would have to be told that murder had occurred in the house.
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Agents required to disclose the history of the property
New versions of the REIQ Contracts for House and Residential Land (7th edition) and Residential Lots in a Community Titles Scheme (3rd edition) were introduced on 1 July 2010. The …
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Changes to the REIQ Residential Contracts
INVESTORS are the only source of growth in the housing market, and rising stocks of unsold houses suggest the outlook for house prices is souring. The level of demand for housing by owner-occupiers remains weak, with the number of new mortgages taken out in May dropping by 0.7 per cent and now 26.9 per cent below the peak reached last September
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Investors are the only source of growth in property market
Victorian Government announced the updated Victorian $12 billion Transport Plan. The plan includes a metropolitan train tunnel as well as a regional rail link, road tunnel and truck action plan for the gridlocked western suburbs.
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Government Transport Plan devastates 200 homes in Melbourne
THE number of home loans for owner occupied housing rose for the first time in eight months in May, official figures show.
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More home loans taken out by owner-occupiers
Properties located within walking distance of the local train station are experiencing an upswing in price, new data from PRDnationwide has found. According to latest research by PRDnationwide, Sydney properties that are located near a railway station have jumped by 12.1 per cent in the 12 months to December 2009
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Prices of properties near train stations grow faster
Canberra residential property prices are beating every other state in Australia. According to figures provided by RP Data-Rismark, housing prices in Canberra have soared by 3.7% for the 3 months to May 2010, with the median price today being $508,500
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The country’s hottest housing market is CANBERRA
The expectation that increased investor activity in the residential property market would take over as the driver of mortgage demand this year appears to be nothing more than a fond …
