According to the International Monetary Fund, the mortgage crisis in the USA will impact on other countries that rely on foreign borrowing, such as Australia. There have been a massive number of foreclosures in America already, and more are expected, the IMF report warning that: “… with delinquencies and foreclosures in the US housing market …
According to a few different real estate agents that I’ve spoken to this week, real estate prices are starting to fall in Brisbane suburbs. It’s nothing dramatic, and I don’t think it will become too serious, but prices are definitely slipping. One agent from the bayside said that some homes had fallen $50,000, whilst another …
According to the latest data from Australian Property Monitors rents continue to go up across Australia, and this is causing severe stress for many families. According to the Queensland Council of Social Services, even families with full employment are finding it tough, with some families forced to part with over 50% of their household budget …
A lot of agents and others have suggested that a rising population means a demand for more housing, and that this automatically means that property prices will continue to go up. However, independent economist Dr Ed Shann disagrees, saying that house prices in Australia have fallen in the past, and that the current high house …
A couple of years ago Western Australia was the place to buy, with the resources boom leading to a real estate boom. The geographically isolated city of Perth suddenly became one of the most expensive cities in Australia. Well, it looks like things might have become a little too big too quickly, as home repossessions …
I received an email today telling me about a Home Buyer Show that’ll be touring the eastern states of Australia. It kicks off in Brisbane (July 25th to 27th), then moves on to Melbourne (August 15th to 17th) and Sydney (October 25th and 26th). There’s some good stuff covered, especially for first home buyers. For …
A couple of weeks ago we were saying that real estate prices were about to go up big time, but ignore all that. According to Residex property prices in Australia are about to slump, just as they have in the USA and elsewhere. New figures from the property analyst group Residex show that house and …
Some of the biggest property developers in the land will be a lot more cautious from now on when it comes to political donations, with some of the biggest names in the business saying that won’t be making any political donations for the next year. There have been a few issues where developers have made …
According to an analysis by the CSIRO, petrol prices in Australia could reach $8 a litre by 2018, and if fuel prices do start to move upward in such a big way then property prices will be affected. I would imagine we would see a big boom in inner city properties, as well as those …
According to at least one large real estate office here in Queensland, the real estate market should return to a more normal state of affairs from September onwards. Things are a bit weird at present, with a shortage of buyers and hesitant sellers, but that might all change in just a few months from now. …