Australian Housing Market Update – May 2012. What’s happening to your property investment?

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Tom Lawless gives RP Data’s take on the Australian property markets in this video. If you’re interested in property investment this is a must watch short video

Lot’s of good info and a state by state summary of what happening in the real estate markets.

His summary – Soft April home values and expectations of lower interest rates point to a further improvement in housing affordability

Capital city dwelling values were down -0.8% in the month of April following the stability witnessed over the first quarter of 2012, leaving national home values down -0.7% year to date.

 

 

 

Which is Australia’s most liveable city? Here’s how Australia’s voted.

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THE Property Council of Australia has released the results of its nationwide My City: The People’s Verdict survey, conducted late last year.

Australians were asked to judge their city’s performance in 17 areas, including design, safety, education, housing and government.

Here’s how our capital cities fared this year, ranked from one to 10. [Read more...]

3 property investment swear words

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Three swear words in this blog – interest rates, bloody oath and WTF.  You couldn’t get a better property investment read.

It’s three minutes well spent! [Read more...]

National market update – What’s really happening in our property markets?

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Now that we’re a quarter of the way through the year and our property markets have had a chance to show their hand, it’s probably a good time to do a whip around Australia and see how property is performing. [Read more...]

Perth set to become bustling city hub as WA’s population explodes

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Once considered too far away to even matter, Western Australia has arguably become the backbone of Australia’s economic prosperity as our resources boom sees the state take off as a financial force to be reckoned with.

So it’s not surprising really that, according to some experts, the population in WA is set to grow exponentially over the next decade and break all previous records.

According to a Perth Now article, planning minister John Day is spruiking the need for urban consolidation in the city, with forecast population growth in the region of 3.061 million new residents by 2026.  [Read more...]

Average Aussie homes outclass millionaire mansions

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Those who say Australia’s property markets are crashing often live where values are dropping rapidly – affluent suburbs. But that’s not what’s really happening in the market. [Read more...]

10 good reasons not to invest in regional Australia

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I have always suggested that investors seeking to create long term wealth from property should never look far beyond our major capital cities. That’s not because I have anything against rural Australia – there are some lovely spots to visit in our vast nation – but I wouldn’t invest my money there! [Read more...]

Predictions lead market performance

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Once asked by a reporter what is the best lead indicator of the housing market, my answer was not as expected. Anticipating a response indicating auction clearance rates, sales activity or even perhaps sales listings, it was to his surprise that my answer was related to our own Residex Predictions Reports sales and website traffic. [Read more...]

Why you should consider an interstate property investment

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Should I consider buying a property investment interstate?

I often get asked this question.

Some people say you should only buy within the area you live because you are familiar with the prices, can drive past to inspect the property and if required make your own repairs. While all those reasons have merit the answer goes far beyond this. [Read more...]

Where are the bright spots in the Gold & Sunshine Coast Property Markets?

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I like David Koch. I must confess I like Mel, Natalie and Fifi more, but David, by my standards, is a cut above the rest when it comes to daytime television.

BUT, and this is a big BUT, I like David far less when he delivers blanket statements such as a “property catastrophe is underway in places like the Sunshine and Gold Coasts”.

I was going to stay out of this, but the negative impact of David’s comments has been substantial. The power of celebrity these days cannot be underestimated, and with it should come much more care. [Read more...]