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19/08/2008 Australian banks highly profitable: RBA Despite claims of losses brought by the sub prime crisis, major banks in Australia remain highly profitable by international standards according to the Reserve Bank of Australia more..
19/08/2008 Buyers urged to focus on fundamentals not broad property data Indiscriminate use of property data in particular median and average figures depicting the Australian residential market as being in the state of doom is causing unwarranted fear and confusion among property owners and investors according a to a property research firm more..
19/08/2008 Market recovery predicted before end of the year The prevailing tough economic conditions will not hold back the impending recovery in the housing market according to Archicentre, the national building advisory service of the Australian Institute of Architects (AIA). more..
19/08/2008 Demand for Australia's property market "exceptionally high" While the property market is currently viewed with pervasive gloomy outlook, the underlying fundamentals remain sound to support growth in values according to a leading property analyst more..
19/08/2008 Apartments lift new home sales New home sales rebounded by 4% in June after boosted by a healthy jump in sales for unit and apartments according to the latest data from the Housing Industry Association more..
19/08/2008 Rental yields to jump another 10% in 2009 The stage is set for a recovery in the Australia's housing market fuelled by extremely tight rental market and chronic undersupply according to an economist more..
18/07/2008 Australia is 'a buyer's market' Falling sales volumes mean that the Australian property scene is very much a buyer's market, but investors have been slow on the uptake, according to the latest RP Data report. more..
18/07/2008 Sydney's vacancy rates on the rise Sydney's tight rental market is showing some signs of easing, with monthly vacancy rates showing an increase of as much as 0.5% in some areas. more..
14/07/2008 Perth house prices drop $30,000 in six months The median house price in Perth has dropped $14,000 since March and $30,000 since the beginning of the year, bringing the median price down to below $450,000. more..
14/07/2008 Construction prices set to increase as steel prices soar Consumers should expect to pay more to build their own homes as price spikes in building materials continue to drive up the cost of building, according to the Master Builders Association of NSW (MBA NSW), which revealed that the volatility of the global price of steel over the last six months will continue throughout 2008. more..
11/07/2008 Property investors: Australia's unsung heroes? While it's obvious that property investors invest in real estate to create wealth for their own families, the general public is largely unaware that investors actually play a critical role in helping average Australian families create and keep their wealth, according to a leading property expert. more..
27/06/2008 Government handouts to homebuyers to add 0.5% to house price The generous stamp duty concession and bonuses to homebuyers recently announced by state governments could boost property prices across Australia by as much as 0.5%, according to a Westpac report. more..
27/06/2008 Tenancy bonds inadequate, fail to protect landlords Residential tenancy bonds are inadequate at protecting landlords, according to new statistics, which show that in 59% of insurance claims paid to landlords for loss of rent – as a result of property damage and absconding tenants – the landlord has no available bond left over to contribute to any damage or rental loss. more..
20/06/2008 Mining towns achieve highest yields Strong overseas demand for commodities is fuelling sharp rises in rental yields, according to leading property research firm RP Data. more..
20/06/2008 Court grants compulsory land acquisition to Parramatta Civic Place The NSW Court of Appeal has overturned a Land and Environment Court decision that halted redevelopment of Parramatta Civic Place, giving the green light for the urban rejuvenation project to proceed. more..
10/06/2008 Land tax up, but drop in overall tax burden for property The overall share of state taxes paid by the property industry will go down for the first time in almost a decade, despite land tax levies increasing by 28.1%. more..
10/06/2008 Average house price drops $13,000 Average median house prices have experienced their largest quarterly fall in value in five years more..
6/06/2008 Hervey Bay foreshore gets $800m facelift The foreshore of Hervey Bay is set to undergo a massive facelift, following Queensland deputy premier Paul Lucas’ announcement that the $800m boat harbour and marina precinct redevelopment has been awarded to the Seymour Group and Watpac. more..
6/06/2008 Mortgage sales slump nationally Deteriorating consumer confidence has pushed mortgage sales to record lows, according to a leading mortgage broker more..
30/05/2008 Yields rise as property values cool Investors are reaping the rewards of improving rental returns amid the tightening rental market and falling property values, a new report showed. more..
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