Has the real estate bubble burst?
I do not agree with the article's author, David Collyer, nor do I subscribe to the ‘bubble theory’ and even if there was one, the current market would just be a very slow leak. We have pent up buyer demand, not enough new stock coming on the market and banks bending over backwards to lend money. The author’s advice is not to buy real estate right now. In busines ...
How To Invest In Real Estate - Part One
Fear of poverty is one of our greatest fears. Fear of growing old is also a great fear. Therefore, together, the fear of being broke and old is terrifying for thousands of people. And this is how thousands of people are being caught by the property con artists. It’s a well known ploy, and it’s used by almost all the Australian property spruikers. They’ll give you some ...
First home buyers set to benefit from housing slump
While the slowdown in Australia’s property market fuels first home buyers’ concerns and frustrations, there is a silver lining for those ready to break into the world of home ownership. Financial comparison website RateCity.com.au found that first home buyers face a tougher environment than last year, with the release of its second First Home Buyer Index. But despite these ...
Interest rates on hold
The Reserve Bank of Australia is expected to hold interest rates steady when it meets tomorrow but a hike is tipped next month to temper the effect of the aggressive growth of the mining boom. Economists have widely agreed the RBA would keep the cash rate at 4.75 per cent tomorrow but HSBC economist Paul Bloxham said recent RBA announcements reaf ...
Median house prices hold steady
DESPITE generally subdued market conditions so far this year, Melbourne's median house price has remained relatively stable. According to Australian Property Monitors, Melbourne's median house price rose marginally by 0.9 per cent over the three months to May this year. This follows a similar rise of 1.1 per cent over the three months to April. Melbourne's western suburban region recorded t ...
Interest rates on hold
The Reserve Bank of Australia is expected to hold interest rates steady when it meets tomorrow but a hike is tipped next month to temper the effect of the aggressive growth of the mining boom. Economists have widely agreed the RBA would keep the cash rate at 4.75 per cent tomorrow but HSBC economist Paul Bloxham said recent RBA announcements reaffirmed the view that rates would need to rise ...
Mixed picture but market holds firm
DESPITE the volatility of the sharemarket, Melbourne's property market is holding relatively firm due to underlying demand. At the weekend, 431 auctions were reported to the REIV, producing a clearance rate of 57 per cent. The clearance rate is much lower than the 67 per cent recorded from the 598 auctions held this time last year, but different segments of the market are painting a mi ...
Prices of homes likely to stay stable
HOME prices are expected to remain flat this year amid signs the slowdown in price gains could become entrenched, says the ANZ Bank. It estimates house prices will plateau this year, at just over $550,000 on average, as contending forces of rising interest rates and a strong demand for employees work themselves out in the market. "Further price weakness is expected over 2011 as the prospect ...
Rents set to jump this year
Capital city rents are set to rise by 7 per cent this year and rose faster than inflation last year, putting additional strain on household budgets, new figures show. RP Data said rents in capital cities rose 4.2 per cent in the year to December, above the 2.7 per cent official inflation rate over the same period. Outside capital cities, rents rose 2.9 per cent, RP Data said. "We expec ...
Should you buy an investment property?
Property investment is back in fashion. Hidden amongst the stories of an affordability crisis is good news for investors. When news outlets are reporting that house prices rose by a record 20 percent in the year to the end of March 2010, first home owners cry into their beer while investors are on the sidelines cheering it on. In fact, according to the Australian Taxation O ...
