“Eighty per cent of the Australian population lives in the coastal zone, and approximately 711,000 addresses are within three kilometres of the coast and less than six metres above sea level.” – Department of Climate Change I’ve spoken before about the problem of rising sea levels and the potential for it to inundate Australian homes …
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 …
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 …
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), …
Property prices are dropping in towns and suburbs across the country, but high interest rates have meant that housing affordability remains poor even though it has improved just a tad. Although housing affordability is worse now than it was at the same time last year, it did improve in the June quarter by 0.4 per …
Everyone’s talking about the drop in property values, and some are wondering if we might be heading for a meltdown like they’ve experienced in the USA. The circumstances over in America are very different to those here in Australia, as The Age’s Kenneth Davidson points out in “House prices are a bubble waiting to burst”: …
Property prices are starting to drop ever so slightly across Australia, so the question worth asking is: how will a real estate price slump affect you? This video from Fairfax Media includes a brief interview with Victorian Executive Director for HIA, Robert Harding. He provides his view on a number of issues, including: How will …
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 …