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Monthly Archive for January, 2017

The Australian Bureau of Statistic has just released figures indicating Australians are entering the property market later than ever before. The 2013-14 data, shows that less than 50% of Australians bought their first home between the ages of 25 and 34 years old. Back in 2000-01 that percentage was up over 60. One of the […]

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The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders said, “The recent Adelaide Bank/REIA Housing […]

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The Melbourne property market is driving a national spike in $2million+ property prices. Not that long ago, $1 million guaranteed the purchase of an exceptional family home – a property where you could settle in and expect to be comfortable for life, only looking to down size when the nest became empty. Over the past […]

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REIA recently released the REIA Real Estate Market Facts for the September quarter 2016 which shows that the weighted average capital city median price increased by 1.4% for houses and 1.6% for other dwellings. “The weighted average median house price for the eight capital cities is now $712,776. Reflecting the differing fortunes of state economies, […]

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