Archive for the ‘Property Pulse’ Category

Weekly Property Pulse

Property Pulse

Bubble Unlikely to Burst

Sydney’s population continues to increase and land availability continues to be scarce, couple this with record low interest rates for the foreseeable future and the property bubble – as some are calling it – is unlikely to burst.

A recent forecast by the NSW government expects Sydney’s population to increase 31% by 2031.

The city also faces … Continue Reading »

Weekly Property Pulse

Property Pulse

Carbon Tax repeal; a good thing for property?

The passing of the legislation repealing the carbon tax this m month has been welcomed by the Housing Industry Association, who say they have been vocally opposed to the tax since its creation.

HIA chief executive industry policy and media, Graham Wolfe, said that it is a barrier for the industry. Previously, … Continue Reading »

Weekly Property Pulse

Property Pulse

Auction Market Comparison

According to RP Data’s Auction Market Specialist, Robert Larocca, there was over 1,600 properties set to be sold by way of public auction over this past week, significantly more compare the same time last year with only 1180.

There is clearly an upward trend in the number of properties being sold in this way however this trend … Continue Reading »

Weekly Property Pulse

Property Pulse

Location Vs Land Size

The age old debate between the size of the land a property is situated on and the location of that land to popular and essential amenities in Melbourne. Recent analysis of RP Data property information compares the median sale price and the average land area to calculate the value per square metre of houses in … Continue Reading »

Weekly Property Pulse

Property Pulse

RP Data – Rismark Home Value Index Release

Eairler this week RP Data released their June RP Data Rismark Hedonic Home Value Index.

According to the Index Release, the property market finished off the financial year with a modest growth of just over 10% with capital city dwelling values bouncing back by 1.4% in the month of June following the … Continue Reading »

Weekly Property Pulse

Property Pulse

Our Population; A Changing Trend

With endless talk about Australia’s ever-growing population the discussion has now taken a twist particularly in our major cities.

Although the population is growing, final numbers from the Bureau of Statistics (ABS) for population growth over the 2013 period unveiled we actually added fewer people to the population then anticipated increasing by 396,000 new residents … Continue Reading »

Weekly Property Pulse

Property Pulse

Can you still buy a cheap house in Melbourne?

The answer is most certainly yes.

There are many affordable suburbs still available that represent outstanding value and potential for capital growth.

Melbourne’s most affordable suburbs include Melton with a median house price just under $280,000 and an number of other suburbs including Frankston North, Melton South and Millgrove all with a median house … Continue Reading »

Weekly Property Pulse

Property Pulse

Yet another blow for first home buyers

First home buyers are again taking another blow, with recent data released by the ABS (Australian Bureau of Statistics) indicating that the number of first home buyers has fallen considerably in the past year.

New buyers represented 12.3% of owner-occupied finance commitments in April 2014 – down from 14.3% in April 2013 and 12.6% in … Continue Reading »

Weekly Property Pulse

Property Pulse

A Skyline Evolving

Australia’s skyline is changing, with residential and mixed-use (including residential) high-rises being built at a significant rate. While in some cities this is more prominent than others, some records are being broken and others are being tiptoed around.

Here are the current tallest towers that include some aspect of residential, and those set to take their titles, across Australia.

ACT

In … Continue Reading »

Weekly Property Pulse

Property Pulse

Records Smashed!

A recent article posted by RP Data claims that the Melbourne property market has been smashing auction records in the first half of 2014.

1. Highest volume of auctions ever

Taking into account the expected auctions this week there have been around 16,236 auctions already held this year which is 30 per cent more than the previous high in 2010.

2. Most … Continue Reading »

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