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 …
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 …
According to the International Monetary Fund, Australia is the showcase example of how to pull of a “soft landing” in the property market. This means that even though property prices have stopped heading skyward, we’ve still managed to avoid high interest rates, high inflation, and a recession. So basically the economy is still looking good, …
Got a spare $3.5 million that you don’t know what to do with? Well, if you’d been in Bondi this morning you could have picked up a block of land. Yes, it’s just 120 square metres of dirt with a big hole in the middle, but it would have cost you $29,300 per square metre. …
According to the Australian Bureau of Statistics property prices in Brisbane rose by 2 per cent in the December quarter, giving an overall rise of 3.4 per cent for 2005. The big action for the year was in Darwin, with a whopping 23.2 per cent jump for the year. However, in Sydney things went downhill …
In a recent survey of housing markets in Australia, NZ, Ireland, the UK and the USA, it was concluded that “the most pervasive national crisis is in Australia, while the crisis is nearly as serious in Ireland, New Zealand and the UK.” You can find the full report here. The survey compared the medium house …
According to a report released by the Housing Industry Association, it’s getting easier to buy a home with house prices falling 3.4% in capital cities. Yesterday I mentioned that domain.com.au was saying that prices should start rising again … now the HIA is saying that things should remain pretty steady. I guess it all depends …
According to an article at domain.com.au, a combination of stable interest rates, population growth, higher rents and an increase in the purchase of investment properties should lead to a gradual increase in property prices over 2006. Yet more speculation … let’s just wait and see if they’re right with this one.
“As sapping as high oil prices are to consumers, the real reason behind the retail slowdown has been the end to the earlier housing price boom. We therefore think that consumers spendthrift ways are in need of a Bex and a good lie down. And that process has a way to run yet. … If …
Lending to owner-occupiers buying existing homes has increased 12% in five months, prompting The Age newspaper to announce that “The housing boom is back”. I was working flat chat from September to November, so there is a lot of activity. But a boom? I don’t think so … it’s still taking a while to sell …