The television news bulletins are talking up the possibility of good times ahead for real estate in Australia, suggesting that investors fleeing the stockmarket will jump into the property market. An investor buying frenzy would certainly be a positive, even if it simply gets property moving again and doesn’t actually push prices up. CommSec senior …
According to Professor Steve Keen, Australia’s property market is set to drop. What we’ve seen in America has been bad, but what we might be about to see here could be nasty. But then you’ve got other people (especially real estate agents) saying that supply is still outstripping demand, and therefore property prices can only …
There’s a rental shortage across Australia at the moment, but it’s particularly bad in Sydney. Recent data suggests that there are just 739 properties currently available for rent in Sydney, a vacancy rate of just 1.2 per cent. You’d expect this would push rental prices up, making property investment a far more attractive deal than …
The Los Angeles Times recently announced that they will no longer be publishing a real estate section in their Sunday edition. Is this the start of more real estate sections being shut down, or a unique case? At the moment real estate advertising is a profitable little business for local newspapers. Brisbane’s Courier-Mail charges a …
I was speaking to a real estate agent yesterday who said that real estate is about to boom again, in part as a result of the dramatic stockmarket crashes. Investors who had been in the stockmarket due to the decline in property prices may shift in large numbers over to property, with the attraction of …
Facebook is becoming quite a force, with more and more people joining up. I’ve been on it for a few months, and I’ve just set up a Facebook Page for my business – have a look at Highshots Photography on Facebook. Anyway, there’s a lot of talk around about how business people, including real estate …
According to a report by Johnston Dixon Real Estate, median property prices in Brisbane will be up over $36 million by 2050. By that time the average annual salary will be $910,000, it will take around 40 years of average annual salary to pay off the family mortgage (up from 10 years of salary today), …
The Reserve Bank of Australia has dropped interest rates for the first time in seven years. This will ease some of the pain for people struggling to pay off their mortgage, but will it help the real estate industry? I think it will … just a bit. It won’t send property prices skyward, but it …
Up here in Brisbane there’s a real buzz in the real estate industry, but down in Victoria things are dead. According to The Sunday Age newspaper, property sales have dropped from 2032 in the first four weeks of August 2007 to 1131 for the same period this year. Maybe the forecast cut in interest rates, …
A Coast to Coast Conference in Darwin has been told that coastal homes in Australia that are at risk of being adversely affected by rising sea levels should carry some sort of warning when they go up for sale. Canadian planning consultant Clive Attwater suggested that people need to be made aware of the possible …