Archive for November, 2011
November
House prices 25% overvalued: The Economist
Australian house prices could plunge by as much as 25 per cent on the back of a global credit crunch caused by the European meltdown, The Economist magazine predicts.
In a dire warning for Australia and other developed countries, The Economist says global house price indicators suggest property was still overvalued.
November
Rate cut has lifted buyer confidence
THIS month’s interest rate cut is yet to have a noticeable effect on auction clearance rates but it has given buyer confidence a boost, say agents.
Many are reporting a positive change in buyer sentiment, which will be put to the test this coming weekend, when more than 1000 auctions are scheduled.
November
Plenty Of Space At Home, But Few Owners
AUSTRALIANS have more and more bedrooms, but more and more often they are empty. The latest biennial housing survey by the Bureau of Statistics finds us with more empty bedrooms than ever before and also less likely to own our homes outright.
Traditionally one of the world’s highest, Australia’s rate of outright home ownership has slipped from 42 per cent to 33 per cent in the past 15 years. Read More
November
Score a greater Victory when you sell with Barry Plant
If you are Melbourne Victory fans & looking to sell your property in the near future then you need to click on the link below & find out about the great membership deal on offer.
November
Market Activty Update
The Australian Bureau of Statistics released housing finance figures for September this week. The total number of owner occupier finance commitments increased by 2.2% over the month with refinances increasing 4.6% and non-refinance commitments up 1.0%. Refinances have risen 25.8% over the year whereas non-refinances have fallen by -0.2%. Overall, it was the sixth consecutive month in which the volume of housing finance commitments has increased.
November
Victoria is king of the roads
INVESTMENT in transport infrastructure will drive new Victorian commercial and industrial property markets, ensuring the state maintains its industrial leadership, according to a new report from CBRE.
CBRE’s Big Wheels Keep on Turning report, which encompasses 20 years of transport infrastructure monitoring and research, emphasised that infrastructure investment improved access to new industrial areas and the development of state-of-the-art logistics services.
