Australians Coping with Gfc through Lifestyle Appreciation
Australians have coped with the economic slowdown by staying home, chilling out and saving money - and we're all the happier for it. That's the finding of the second annual happiness survey by marketing research consultancy The Leading Edge.
Australian Property Leads Global Recovery
Australia is leading the global recovery in residential property prices, according to research from Knight Frank. The latest Global House Price Index shows house prices are beginning to stabilise across the globe, with an increase in value recorded for the second quarter of 2009 for almost half of all the locations that reported price changes.
Strong Demand to Continue from First Home Buyers
Agents can still expect to see strong sales to first home buyers over the coming months despite the wind-back of the beefed-up First Home Owners Grant. More than 200,000 Australians are expected to take their first step on to the property ladder this year thanks to low interest rates and government handouts.
House Sales up 32% Year-on-year
AAP The property market rebounded in the past year with house sales up by almost third across the nation, a leading analyst says. The number of houses sold across Australia was 130,000 in the June quarter, up 32 per cent from the corresponding period in 2008, RP Data said.
Three Property Sins That Will Stop Your Home from Selling
Here are three sins of home sales that can negatively impact on the ease of the sale and the size of the cheque you end up receiving. Selling your home can be a demanding process, and too often sellers focus on one area of improvement, rather than a broad-based approach.
Business Confidence Hits Six-year High
Business confidence has lifted to the highest level in almost six years, helped by federal government measures to support the economy, stock market rallies and encouraging signs from abroad, a report shows. The National Australia Bank (NAB) monthly business survey's measure of business confidence increased eight index points in August to plus 18 points.
Economy Ready to Fire, Experts Say
The first anniversary of the onslaught of the global financial and economic crisis has been marked by a run of positive economic leads suggesting Australia will be the first developed country to emerge from the downturn.
Variable Rates Still Better: Expert
Borrowers should consider switching from fixed rate home loans to variable rate mortgages because they are cheaper over the longer run. Joint head of lending at Centric Lending Services Sheyne Walsh said the pendulum had swung against fixed rate mortgages. Mr Walsh said also that borrowers with a standard variable home loan should pay off more to create a bit of a buffer.
Rates Hike Not Just Yet, Say Analysts
The minutes of the latest monetary policy meeting do not offer any compelling reason to expect an interest rate hike in October. The board of the Reserve Bank of Australia (RBA) held its monthly meeting on September 1 and ended with the decision to leave the overnight cash rate, the benchmark for monetary policy in Australia, at its 49-year low of three per cent.
How to Make the Most of Your Assets
Spring is here, the housing market is in bloom and home owners everywhere are preparing to put their biggest assets on show. For vendors who exhibit their properties to their greatest potential, the end results are likely to be far happier. Statistics show that good property presentation can increase the sale price by 5 to 7 per cent.
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