property market

Property outlook

by Greg on February 18, 2016
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The following is a guest article by Jonathan Preston. The changing nature of financing properties, whereby it now costs more to borrow as an investor than as an owner occupier is negative for areas that were investor hotspots previously. A prime example of this is in western Sydney, where we saw strong investment in cheaper […]

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Scant Hope in Sight for the Housing Market Down Under

by Greg on January 7, 2013
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The forecast for Australian housing in 2013 is a mixed bag. Recent figures from the real estate market seem to show that the worst might be over. Confidence among consumers is at the highest in more than a year; selling time has come down, and home prices have seen modest gains especially in cities such […]

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How to find a great house for a good price by asking the right questions (part 2)

by Chris Lang on October 20, 2012
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In my previous article for first home buyers I started this list of questions – and reasons to ask them, to make sure you are buying a great house for a good price. As I promised, this is the rest of them: Questions about the house: Ask: What is the size of the block? Why: […]

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Appraisal and valuation: learn the huge difference

by Chris Lang on July 12, 2012
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If you look up appraisal and valuation in the dictionary, they will come up as synonyms, but there is a huge difference between those words when it comes to real estate.

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Wishing won’t make a housing boom

by Chris Lang on June 13, 2012
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Despite Australian’s love affair for residential property, Australia’s housing market might just be losing friends at a faster pace than facebook. The latest loss is the Reserve Bank of Australia after governor Glenn Stevens said on Friday it should not “engineer a return to a housing price boom.” Speaking in Adelaide to the American Chamber […]

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Housing industry faces recession

by Chris Lang on June 1, 2012
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Not often do we get to see the words ‘recession’ and ‘housing’ in the same sentence (at least where Australia is concerned). But this fortnight the dreaded ‘R’ word appeared in two press releases, and considering the source – HIA, the voice of the housing industry – I’d say things don’t…

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Will this rate cut save the property market?

by Chris Lang on May 2, 2012
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As many of you know, yesterday the RBA cut the interest rate by half of one per cent. The motive was to ignite growth in the economy as a whole, and to try and reverse the downward trend in property prices, in particular. Is there a reason why the RBA should be worried about the property market?

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Housing in 2012: starting from a weak point and deteriorating further

by Chris Lang on April 19, 2012
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I’ve just received the 2 latest press releases from the HIA (Housing Industry Association), and, combined, they draw an interesting picture: The ABS figures released on 18 April confirm that December 2011 quarter was very weak for new houses and major renovations / alterations. This means that the activity in those areas declined by 1.8%. […]

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How to read real estate market trends using auction clearance rates

by Chris Lang on February 23, 2012
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Auction clearance rates are a big deal in Australia. Around one-third of all residential properties are sold via auction, which justifies the importance of this indicator. Clearance rate is reported as a percentage – for example, 70% means that 7 properties out of 10 auctioned were sold on that particular Saturday. But in addition to […]

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Is the ‘Great Australian Dream’ still alive?

by Greg on February 22, 2012
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Property ownership has long been an integral part of the Australian lifestyle, instilling people with a sense of pride and security, not to mention the enjoyment and sense of belonging that comes with owning property. But is it still possible for couples or young families starting out to fulfill their dream of owning their own […]

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House and unit prices declined in January 2012

by Chris Lang on February 13, 2012
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“Am I paying too much?” is a big question on any prospective home buyer’s mind (and if it’s not – it should be). Of course the only way to answer that question is to watch the property market. In the past some used to argue that watching the market won’t achieve you anything because the […]

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