If you think house prices are high now, just wait until the really big property boom arrives! When that gets here, prices will skyrocket, according to the ANZ Bank’s senior economist, Paul Braddick. “A growing housing shortage is setting the scene for the mother of all housing booms. Underlying housing demand is already outstripping new …
According to Scott Keck, veteran property expert and managing director of property group Charter Keck Cramer, if you want a good investment grab an inner urban apartment or townhouse: “Population growth and demographic change are going to exert extreme demand pressure on apartments and townhouses, and if appropriate for higher density [redevelopment], relatively small sites …
Mortgage stress is at its highest in New South Wales, according to the Trends in Australian RMBS Collateral: 2004 -2007 report. The report analysed around a million mortgages totalling $178 billion, and found that 0.66 per cent of mortgages in NSW were 90 days past due, triple the rate of the rest of Australia. The …
Queensland Premier Anna Bligh has announced that the State Government will ensure a whole lot more land is available for development before the end of 2008. The goal is to have a lot more homes built in south-east Queensland over the next few years, and hopefully that will help to ease the pressure on supply …
There’s a great article over at Domain with a few key pieces of advice on how to sell your home in a buyer’s market. The article goes into some detail, but here are the key points: Make sure your real estate agent is actively contacting potential buyers. Be flexible regarding inspection times. Make sure your …