It used to be second only to Sydney on the don’t-even-think-about-buying-here list, but things have changed around Australia and now Melbourne is cheaper than Brisbane and Perth. According to The Age newspaper, this is contributing to a mini boom in new arrivals to Melbourne, as people pack it in from elsewhere and head to the …
They’re doing it tough in the USA at the moment, with a massive number of properties being hit by foreclosure (what we call, “mortgagee repossession”). In California, one in three home resales are the result of foreclosures. Have a look at this video, where an American estate agent drives around the streets of Atlanta, Georgia, …
It had to happen eventually. After 20% growth last year, this year looks like a return to normal, with the median house price rising by just 2% between December ’07 and March ’08 (source: Australian Property Monitors). Apartment prices actually dropped 2%, possibly caused by investors pulling out of the market. I heard someone say …
This looks good: “Prime city land will be transformed into hundreds of new affordable apartments under a $260 million project to bring key workers, priced out of the property market, closer to their work.” – Sydney Morning Herald It’ll take about 5 years to complete, and will be partly funded by government and private housing …
According to Terry Ryder, owner of Hotspotting.com.au , you should avoid buying real estate in places like Queensland’s Sunshine Coast and Mt Isa, the Victorian town of Shepparton, and suburban Bankstown in Sydney. Generally it has something to do with a high crime rate, overdeveloped and overpriced markets, or excess traffic congestion. In some ways …
Things are getting pretty serious down south. An article in the Sydney Morning Herald gives a few nasty examples: In 2003 a 3 bedroom home in St Clair sold for $405,000. Last weekend the owners were forced to sell it when they could no longer pay their mortgage. The house sold after they received one …
I know it hasn’t exactly been a “daily” thing here at Real Estate Daily for a couple of months. I’ve just been so busy working on other projects, such as my Ashes cricket blog, and last month my wife gave birth to our first child (who has also been keeping me quite busy). So things …
Last night during Channel Ten’s evening news bulletin they had a story on the real estate market in Brisbane, and noted that things are still buzzing along quite well. Craig Bullen from RealWay mentioned the $3 million sale of a home in Coorparoo, and Forest Lake was listed as one of the bargain areas that …
Ok, so just ignore what I’ve said previously – interest rates have gone up. But will it have any impact on property prices here in Brisbane? Well, I’ve spoken with a couple of agents about this, and they felt that there would be no real drop in the property market. The bottom end of the …
According to the latest data from the Bureau of Statistics, Australia is divided down the middle when it comes to property prices. Whilst the eastern states remain steady, over in WA the resources boom has seen property prices head skyward by 28.8 per cent in the past 12 months. Here in Brisbane we’ve had just …