National Rental Review 2014
RP Data have recently released their September Quarter Rental Review, a scorecard which provides an in-depth analysis of rental market activity over the quarter. Nationally, the annual rental rate for houses and units increased by 1.3 per cent while in the capital cities, house rents remained flat at 0% growth; rental rates for units increased … Continue Reading »
Australian property among the priciest on the planet
It may come as no surprise that Australia is among the priciest in the world for property, in fact according to a new global report Australian property is the second priciest on the planet.
According to property group CBRE’s Global Living Report, Australian home and apartment values have risen faster than any … Continue Reading »
“Flat as a pancake”
That’s right, flat as a pancake is what Domain Group senior economist Dr Andrew Wilson is predicting of the property market in regards to price growth over the next decade.
The resources sector is shifting from a construction phase into a production phase employing far fewer people than we have seen in recent times couple this … Continue Reading »
Skewed Numbers
According to the latest ABS data and recent reports in the media, first home buyers are at record breaking lows. However there has been much discussion and debate over the contraction and it has now been suggested that the numbers are simply ‘skewed’
Is it possible that first home buyers are flying under the radar and not indicating … Continue Reading »
Growth flat in first month of Spring
According to RP Data, Housing values eased their way into Spring, with the RP Data CoreLogic Home Value Index posting a 0.1% capital gain across the combined capital cities over the month of September.
Dwelling values across Australia’s capital cities were virtually flat over the month of September which translates into a 2.9 … Continue Reading »
Top 10 Most Expensive Suburbs
Hello and welcome to this week’s special edition of our Weekly Property Pulse. This week we take a look at Australia’s top 10 most expensive suburbs for houses. The list is based on median value for suburbs that have had at least 100 AVM observations and 10 sales over the past year.
1. Point Piper, … Continue Reading »
Median Values & Growth Rates
Although values have risen by 10.2 per cent over the past year the rate of growth has decelerated slightly from a recent peak in annual growth of 11.5 per cent in April 2014. On a rolling three month basis value growth peaked at 4.0 per cent in August 2013 and has been recorded at … Continue Reading »
Have you considered investing in Australia’s ‘smaller’ capital cities?
It’s no secret that property prices in most of Australia’s largest capital cities have seen unprecedented growth of recent years, in particular in Sydney, although it has been suggested by RP Data’s Research Director Tim Lawless that future growth may be better outside of the large capitals.
Although the capital markets … Continue Reading »
East West Link slashes property prices
Plans for the East West Link tunnel have pushed house prices in Melbourne’s Clifton Hill area into a downward trend from which it will take at least five years to recover, private modelling shows.
The average property price around Alexandra Parade, the arterial road that will form the eastern mouth of the planned 4.4 … Continue Reading »
The Importance of Negative Gearing
The Real Estate Institute of Australia (REIA) has highlighted the importance of negative gearing to the Australian property market, saying its removal could be detrimental to all property owners.
REIA chief executive Amanda Lynch said the federal Treasury is again pushing for the removal of negative gearing, and the rumour is modelling will be done … Continue Reading »
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