The Australian Residential Development Outlook shows an average of 150,000 dwellings built annually, but even that is not enough to address the current undersupply in the country, according to RP Data.
Dwelling construction has been increasing, with an 180,000 forecast for the coming year. Construction costs have also been increasing, but the major hurdle is to […]
Median house prices for Sydney have peaked to a record $811,837 from $787,000 the previous quarter, according to the Australian Property Monitor’s Quarterly House price report. Sydney’s house prices have been on an upswing, recording a $118,000 annual increase. The median price in Sydney was attributed to a strong performance from the south west for […]
The financial year has come to an end and it is but fitting that we provide you with predictions from top economists on what to expect for the year ahead.
Sharemarket predictions. NAB Chief economist Alan Oster expects sharemarket success to continue after ending the financial year up by 12%. He is predicting a 10% increase, […]
First home buyers’ struggles continue as the latest data from the Australian Bureau of Statistics (ABS) show that first home buyer financing was at its lowest point in 23 years for Victoria. First home loans represented a mere 11.76% out of 1,402 dwellings financed.
Several factors are pointed out as major deciding factors, including high property […]
Parramatta has been known as a business district in metropolitan Sydney and has been considered a major government center since 2000 due to the transfer of government agencies and the NSW Police Force from the Sydney CBD. A new metropolis is planned to rival Parramatta, as Labor MP Ed Husic proposed an ambitious plan to […]
Property Investors are making their presence felt in the latest Forbes Billionaires list. Globally, a total of 135 property tycoons are on the list, with 14 newcomers joining just this year. This only goes to show that the surge in property is a worldwide phenomenon.
The top property tycoon on the list is Lee Shau Kee, […]
Australian housing has been on the rise for the past years. With the strong demand for property, it is inevitable that house prices catch up. The median price of houses across Australia now stands at $575,000, with Sydney being the most expensive at $775,000, and Hobart as the least at $350,000. The median price has […]
We’ve been hearing about the latest Inflation report ending at 2.7% for the past year, a little over the Reserve Bank’s expectation of 2%. But what really is Inflation and how does it affect your investments?
Inflation is the increase in price for commodities over a period of time. The effects of Inflation become clearer once […]
Australian House Prices have shown limited growth, according to Global Ratings Agency Fitch. It is outlined that income levels are not at par with increasing house prices. Home value appreciation for the year is pegged at 4%, less than half of last year’s appreciation at 9.8%.
The home price to income ratio is the major factor […]
Experts give us a piece of their mind as they forecast the best capital city for this year based on last year’s trend.
The majority of these market experts predict that 2014 will be a good year for Brisbane, arguing that 3 years ago, Brisbane and Sydney home values were nearly identical. But for the past […]