#Housing
A beginner’s guide to investing in real estate
Real estate is a very competitive field, and beginners need to have a thorough understanding of what they are getting themselves into in order to make smart investments.
Overseas economic woes cause drop in Australian consumer confidence
Most of the upswing in consumer confidence that came as a result of the Government’s Budget has been reversed this week, according to the latest ANZ-Roy Morgan Consumer Confidence findings.
Melbourne passes Sydney with property intentions
6.8 per cent of Australians (1.3 million) have shown intention to buy or build property in the next year, amounting to a forecast of approximately half a million homes to change owners or to be built.
Housing affordability close to ‘record lows’ in HIA-CBA report
Housing affordability in Australia is close to record lows according to the HIA-CBA Housing Affordability Report for the June quarter 2010.
Lend Lease profit up 5.2 percent
Shopping centre manager and developer Lend Lease delivered an increase in profits of 5.2 percent to $323.6 million for the year ending 30 June as the company fills out its development pipeline.
Saving for a home deposit takes “more than a decade”
Housing affordability has continued to worsen over the past year, with first home buyers needing on average 4.5 years to save for a house deposit, up from 3.7 years, and many forced to save for over a decade.
NSW Budget slashes stamp duty to 0% (for some)
New South Wales is the first state government in Australia to introduce zero percent stamp duty, but with limitations and a two year trial period.
Sydney is now unaffordable for 51 percent
Sydney’s workers feel they need to be earning big money to live within a reasonable distance of the CBD concludes the latest Sydney Business Chamber Citypoll.
House sales plummet 9.6 percent across NSW
House sales in NSW crashed 9.6 percent in April according to the HIA, with buyers reacting strongly to successive interest rate increases from the RBA.
NSW worst performing economy in Australia
New South Wales has come in dead last in a new report by CommSec measuring the economic activity state by state across Australia.
Five Blacktown suburbs top Sydney housing affordability index
Blacktown’s suburbs have achieved a clean sweep of the top five most affordable suburbs to buy a house in Sydney, ‘only’ 40 kilometres from the Sydney CBD.
Housing approvals down 7 percent in January
New building approvals in Australia were down 7 percent in January, to 14,045 from 15,106 units in December, the Australian Bureau of Statistics (ABS) said Today. Over the longer term, building approvals were up 47.6 percent in the year to January. This news comes as the RBA prepares to make another decision on whether to […]