Will the Housing Bubble Burst?
While Melbourne’s residential market has recovered from the effects of the global financial crisis, 2010 is shaping up to be an interesting year.
Let’s consider factors influencing activity and prices. To date, we have had six interest-rate increases. We have an increasing population; there is a shortage of dwellings for them and the vacancy rate has been below 2 per cent for the past five years. Read more
Home Loans on the Up
The number of new owner-occupied home loans rose 1.9 per cent in May, the first increase in eight months. Lending to housing investors continued its recent surge, rising 2.6 per cent in value, and has now swelled by 35 per cent since early last year. Read more
Home loans drop to 9 year low
Demand for new home loans fell to a nine-year low in April as rising interest rates dampen enthusiasm for housing. Finance commitments for owner-occupied housing fell 1.8 per cent in April, seasonally adjusted, to 47,669, the Australian Bureau of Statistics said today. Read more
Sydney suburbs ready to go boom
SOME Sydney suburbs will have their populations double or even quadruple in just 25 years, official NSW documents reveal, as the city hurtles towards a population of six million people by 2036. Read more
First Homeowners Set Record
As expected first home buyers have set a record last year for the largest ever increase of purchasing homes. With the government boosted grant it has been no surprise that many first home buyers took the opportunity to get on the property ladder. However as with everything there is no doubt with that 2010 will see the biggest drop in home buyers since records began.
Rentals Prices to go up in 2010
You have probably realised without talking or mentioning to anyone that rental prices have stayed put in the last 12 months. This is a big change from 2008 when rental prices suddenly shot up. Report from the Australian Property Monitors are indicating that rental prices in 2010 are on the way back up. Read more
Reduction in Home Loans
DEMAND for home loans eased for a second straight month in August, coming off the boil even before yesterday’s first official interest rate rise in 19 months. Read more
Grant Supporting Housing Market
There seems to hope for the faltering housing market this. Latest reports suggest that in New South Wales the hosing market is till being supported by the improved first home buyers grant.
The number of first home buyer grants taken up across the state was 7,354 for the month of June, compared to 4,311 for February. Read more
First Home Owners Loan Australia, Good or Bad?
Have you a First Home Owners Grant, what are the risks?
With many Australian’s opting for take the huge step and purchase a new house, it has got be asked if the new home owners grant is putting Australian’s in houses beyond their unassisted means.
Well there have been some reports in this weeks press about the possibility of the home owners grant causing trouble in the long term. Read some of the reports before you going diving in. Read more
House Prices Keep Falling
HOUSE costs have come down for the 3rd consecutive quarter indicating the call for a big interest rate cut tomorrow, economic expert* say.
The home house price level came down eight percentage points in the December quarter, the Australian Bureau of Statistics announced. Read more