Latest in Property Investment
Latest in Property Development
The Bureau of Statistics’ figures for June show Australia’s unemployment rate has risen to 6 per cent, despite almost 16,000 jobs being added. So what does this mean for our property markets?
The gap between median home prices in Sydney and Melbourne have recorded significant escalation recently and as a result the pricing differential between these and other capital cities is at its largest level in many years. According to the RP Data-Rismark Home Value Index results for June 2014, combined capital city home values increased by…
In this week’s two minute property investment news video I talk about the increase in people taking out investment property loans.
Here’s a summary of the weekly key real estate market stats from RPData. Some things you should keep an eye out for as a property investor include: Capital city home value changes Capital city auction statistics (preliminary) Capital city properties listed for sale Capital city private treaty median prices Daily change in dwelling values across…
RP Data’s popular national quarterly rental market report shows that over the first six months of 2014 house rents remained unchanged across the combined capital cities, while for units, rents increased by 2.4 per cent. Annually, house and unit rents increased by 2.4 per cent while at the same time vacancy rate data sourced from…
NAB has released its Quarterly Australian Residential Property Survey and it shows falling sentiment in the housing market. In response the bank has scaled back their outlook for price growth:
If you’re interested in property development in Victoria you probably know that the Victorian State Government released the new Residential Zones for implementation in July 2014. These zones effectively replace the Residential 1, 2 and 3 Zones with the General Residential (GRZ), Residential Growth (RGZ) and Neighbourhood Residential (NRZ) Zones.
After a busy weekend of auctions the auction markets continue to strengthen. A preliminary weighted average clearance rate of 70.7 per cent was recorded this week across capital cities compared to 67.2 per cent last week and 64.1 per cent this time last year.
This week’s ANZ Property Market Update discusses what’s happening in our housing markets and includes some interesting graphs and stats. Here’s what they had to say: