buying property investment
Property markets around Australia have been buoyant for some time now and memories of the previous few difficult years in real estate have become a faded memory for many of us. However, it would be a pity to have lived through those challenging times without learning some lessons so that we are not destined to repeat the
The media has been busy reporting the biggest single-month decline in house prices in more than five years, after RPData’s dwelling prices dropped 1.9 per cent in the month of May. With a few property pessimists suggesting prices will fall further, let’s do a quick Q&A to see what’s really going on.
The latest HIA-CBA Housing Affordability Index is likely to cause much debate! The report suggests that despite surging house prices, low interest rates have brought affordability to its most favourable level in 12 years. The HIA-CBA Housing Affordability Index improved by 2.1 per cent in the March quarter and chalked up a 10.8 per cent
After languishing for close to two years the prestige end of Melbourne’s property market is bouncing back with a rise in million-dollar sales, and the trend is likely to continue, albeit slowly, throughout 2014. The Age reported that last year one in eight houses sold for at least $1 million. A year earlier it was
Melbourne has always been considered the property auction capital of Australia, and this weekend’s super Saturday of auctions did not disappoint. According to the REIV a clearance rate of 75 per cent was recorded compared to 70 per cent last weekend and 72 per cent this weekend last year. There were 1105 auctions reported to