Feed on
Posts
Comments

Tag Archive 'Buyers'

POPULATION pressures and record prices are derailing the dreams of frustrated first home buyers.Last Monday, research from Bob Birrell and Colin Keane indicated that first home buyers were being priced out of the last bastion of affordable housing, new estates on the city’s fringes.That was followed by Friday’s revelations that Melbourne’s population has soared by […]

Read Full Post »

AUSTRALIA faces a prolonged housing affordability crisis with the last bastion of cheap housing – new suburbs on city fringes – moving out of reach of most first-home buyers, research shows.At the end of last year, three out of 10 lots for sale in new housing estates were accessible to average-income first-home buyers, a study […]

Read Full Post »

Online searches for property in Australia have more than doubled over the last two months as increasing numbers of Brits head to the web to search for property in warmer climates.According to research from a leading overseas property website, searches for Property In Australia increased by a staggering 114 per cent whilst searches for New […]

Read Full Post »

Coming out of the Christmas holiday period and landing straight into natural disasters the property market has taken a hit over the last two months. Consumer sentiment is low* and interest rates somewhat uncertain. But it appears the last week has produced a more optimistic outlook. With more properties on the market, could we be […]

Read Full Post »

A FEDERAL crackdown on overseas buyers who have sought to purchase homes contrary to foreign investment rules has stopped 15 transactions since it was announced nine months ago. Three were in Sydney, with other sales thwarted in the Byron Bay district, the Gold Coast, Melbourne and Perth. The most expensive was a $6.4 million house […]

Read Full Post »

First-time property buyers in Australia are being put off investing by the threat of rising interest rates, it has been claimed.David Airey, president of the Real Estate Institute of Australia, said the prospect of higher rates is ‘frightening’ prospective buyers,” ABC News reported.The comments could encourage a number of Australians to compare home loans online […]

Read Full Post »

Stamp duty cuts to help First Home Buyers

The REIV has welcomed the commitment by the new State Government to cut stamp duty for all eligible first home buyers by 50 per cent over the next four years. This policy will be implemented in stages, with a 20 per cent cut on 1 July 2011 and then 10 per cent each year thereafter […]

Read Full Post »

The already weakened property market has taken another hit with auction clearance rates dropping into the 50s in key capital cities, as buyers continue to hold back due to rising interest rates. The result comes as new research figures demonstrate Australian property owners are coming under mortgage stress, with 75% saying they will be at […]

Read Full Post »

House prices, stamp duty deter buyers

Real Estate Institute of Victoria chief executive Enzo Raimondo urged political parties to outline how they would address Melbourne’s housing affordability in the lead-up to the state election. “According to the Australian Bureau of Statistics, 10 years ago first-home buyers represented 28per cent of the market,” Mr Raimondo said.“A year ago it was 27per cent […]

Read Full Post »

Auct-ober brings in the buyers

SUPER Saturday was how Maurice Dunlevy of the Weekend Australian described last weekend, with 1700 homes on the sale blocks for auction on traditionally what is the busiest day of the year for most capital city auction markets.Melbourne had the most with its 1074 scheduled sales, the largest in two years.This compares to 891 auctions […]

Read Full Post »

Older Posts »