In this week’s 2 minute property investment news video- record low interest rates have failed to entice borrowers to refinance or enter the property market.
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In this week’s 2 minute property investment news video- record low interest rates have failed to entice borrowers to refinance or enter the property market.

The level of residential property rental vacancies increased during the month of May again according to our latest data at SQM Research. rising by 0.1% to 2.1% and coming to a total of 59,670 nationwide.

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:

In the fifth installment of his series on property development Gavin Taylor, director of Metropole Property Strategists, explains in detail how to secure funding for your real estate development project.
Before you commence any development project, it is obviously crucial to first establish how much you can borrow and how you will be able to manage all associated costs of the development.

While overall the Melbourne property market is performing well – in fact better than many expected- there are some segments of the market that are in trouble.
There is a significant oversupply of new house and land packages sitting waiting for buyers, particularly in the norther and western suburbs.
And there is an oversupply of new and off the plan apartments in the 300 projects being markets in and near the Melbourne CBD.
According to the Age, this has led to developers resorting to giveaways of free marina berths, $40,000 furniture packages and stamp duty rebates of up to $45,000 to attract off-the-plan buyers in an increasingly flooded market. [Read more...]

Once again Australia has been recognized as one of the best places in the world to live.
In fact only a country of reindeer, oil and gas is a better place to live than Australia.
The United Nations has ranked Australia No.2 behind Norway in its annual human development index that measures the quality of life across 187 nations.

Here’s a quick update on where the largest declines in residential property values have been experienced and where the largest capital gains have been recorded across the country.
The bar charts below show the top 30 statistical divisions nationally for the largest ‘peak to current’ decline in dwelling values (ie change in house and unit value from their respective market peak through to the end of May 2013) and the largest annual capital gains over the past five years (based on compounding growth rate).

We are driving less. Our per capita travel by private vehicle has been dropping over the last ten years.
For mine, the cost of petrol is an obvious reason; though I think technology has something to do with it too – what with the dramatic impact it has on our ability to stay put while connecting (well, if you want to call it that) with just about anyone, anywhere, any time – without even having to sit upright.

The past five years have generally been a quiet period for the Australian property market, however some regions have more recently shown a substantial improvement compared with the average number of transactions over this period.
Over the year to March 2013 RP Data estimated that there were 400,209 house and unit sales nationally; 2.3% more sales than over the same period a year ago but 8.8% fewer sales than the five year average.

Here’s the real estate news items of the last week. A few minutes of property reading and you can get on with your weekend
Confidence
It’s back baby. But before you get too carried away, it is from a very low base.
This somewhat surprising lift in confidence is nice and all, but the key question is what people do in the future.
The readings of the confidence entrails suggest more of the same – that is, being very cautious about our investment options.
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