In recent months, there has been plenty of talk of a housing boom in Australia. While some commentators think there’s plenty more left in this cycle before we run out of steam, others are warning that property prices are set to fall. Who’s right? To find out let’s do a Q&A. What’s happening to house…
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Pace of capital gains cools in April Dwelling values across Australia’s capital cities shifted down a gear in April, rising by just 0.3 per cent across the RP Data – Rismark combined capital city index. The slowdown in the rate of capital growth comes after a very strong 2.3 per cent month-on-month rise in March…
With over 300,000 backyard swimming pools in New South Wales, swimming pool safety is a vital issue that affects the whole community. Supervising young children in and around swimming pools and developing water confidence through water familiarisation programs can save lives. Effective pool barriers also help keep young children safe. What ’s new?New laws about…
Rents around Australia are either static or have slid backwards in every capital city except Sydney and Melbourne, a new report has found. The APM Rental Report for the March quarter says that Melbourne house rents went up 1.3 per cent with apartments up 4.3 per cent. And Sydney’s apartment rents went up 1 per cent…
Home buyers have taken a big increase in Melbourne property listings in their stride although some sellers are under pressure to lower asking prices. A record 1261 homes went under the hammer on Saturday and sellers were keen to make transactions. The Fairfax-owned Australian Property Monitors reported a clearance rate of 72 per cent from…
Sydney’s runaway property prices are unlikely to be derailed by interest rate rises any time soon, with low rates required to stimulate an otherwise sluggish economy and the Reserve Bank saying it sees inflation under control for the next two years. As new figures show Sydney’s median dwelling price surge by almost $100,000 over the…
Australia’s home values have surged by 3.5 per cent in the first quarter of 2014 with analysts describing recent growth as ‘‘unsustainably strong’’. The RP Data-Rismark Hedonic Home Value Index released on Tuesday showed a rise in dwelling values in every capital city in March. The supercharged Sydney market continues to grow, recording a monthly…
For prestige property owners the sight of a black Mercedes van out the front of their home is cause for excitement. Cashed up, Chinese buyers are being chaperoned from house to house in some of Sydney’s best neighbourhoods, often with their immigration agent. A report this week from Credit Suisse said Chinese buyers were spending…