Australia's housing shortfall is expected to blow out to more than 640,000 in 20 years, prompting industry calls for tax cuts and other measures to stop prices going through the roof.
The gap between demand and supply increased by 28,200 to 186,800 housing units this year, a National Housing Supply Council (NHSC) report reveals.
Released today, the Australian Bureau of Statistics House Price Index figures report a glossier picture for the recent September quarter established house price averages across eight capital cities, with a smaller 1.2 per cent average dip across capitals, compared to the 2.2 per cent drop recorded in the 12 months to the September quarter.
Yesterday’s official cash rate drop could be setting the scene for buoyant buying times ahead in the housing market, according to Laing and Simmons general manager Leanne Pilkington.
Commercial property investor sentiment is still strong across most markets in the Asia Pacific despite the worsening economic situation in the United States of America and Europe, according to a new report from CB Richard Ellis.
The Reserve Bank Board’s decision not to budge the official cash rate from 4.75 per cent today translates to prime time for home loan rate negotiations as the mortgage industry scrums for business, according to interest rate comparison website RateCity.
For the month of August, RP Data-Rismark’s Combined Capital Cities Index indicated a slowdown in capital city dwelling price declines, reporting a seasonally adjusted capital loss of only 0.4 per cent, the smallest decline since April.
With all the volatility in the sharemarket recently, there's been speculation interest rates could start to drop. But whether or not rates move in the near future, investors should already be armed with solid protection for their portfolio, according to Gavin Hegney of Hegney Property Group..
With all the volatility in the sharemarket recently, there's been speculation interest rates could start to drop. But whether or not rates move in the near future, investors should already be armed with solid protection for their portfolio, according to Gavin Hegney of Hegney Property Group..
European debt, American recession and a looming second global financial crisis (GFC). Sounds familiar, doesn’t it? Well, according to Understand Property, another economic slump around the world is potentially a good thing for your investment property.
Amid the economic uncertainty leading to recent sharemarket falls around the globe, accounting firm Chan and Naylor reminds people that Australia remains the 'lucky country' and there are bargains around for savvy investors in both property and stocks.
Australian houses cost $66,000 less than what they were two years ago, yet household wages have risen by almost $20,000 in five years. The changes mean it's now very realistic for homebuyers to get into the market, according to RateCity.
The home loan uptake for new home constructions or a newly completed dwellings may have risen by 5.7 per cent in May, up from 3.3 per cent rise in April, however further sustained improvements are needed to see this trend continue, according to the Housing Industry Association (HIA)..
Improved housing affordability and rental yield increases signal a prime time for opportunistic buying, according to May's RP Data-Rismark Hedonic Home Value Index.
The residential property market has been slow recently, but a combination of factors will come together to see the market improve from 2011-12, predicts BIS Shrapnel.
The property market is one of the main reasons why more and more Australians are becoming millionaires, according to an annual report by Capgemini and Merrill Lynch..
