NEW HOME SALES RISE FOR 3rd MONTH
The number of new homes sold across Australia has increased for the third consecutive month, pushed up by solid gains in detached house sales in March. The latest Housing Industry Association (HIA) New Home Sales Report shows the number of new homes sold increased by a seasonally adjusted 4.3 per cent in March, following a 0.6 per cent rise in February.
5 THINGS HOME BUYERS DO THAT TURN SELLERS OFF (by Property Expert - T.N. Neilson)
On today’s market, every savvy seller wants to know what turns buyers off, so they can get their homes sold as quickly as possible, for as much as possible.
A Slight Hiccup, but House Prices Still on the up
The latest Australian Property Monitors data shows that the Sydney median house price fell marginally by 0.4 per cent over the March quarter. However, Sydney house prices rose by 2 per cent in the year ending in March and have recorded growth consistently for the past two years.
Staying Ahead of the Refinancing Game
More borrowers are restructuring loans but shifting lenders can be a costly move. Most of us are undaunted by the prospect of refinancing our debt obligations these days.
Boost for Nsw Housing
New South Wales buyers and renters are set to benefit from the new state government’s plan to boost housing supply. Last week, NSW premier Barry O’Farrell said the government had joined hands with Landcom to release 10,000 new housing blocks across the state within the next four years.
Turning a Home into An Investment Property
In this increasingly mobile world we live in, more and more Australians are becoming property investors by changing their home or principal place of residence to an income-producing investment property.
Aussie Dollar Bursts through $us1.05
The Australian dollar has pushed its way through the 105-US-cent mark, matching the predictions of some economic commentators that just a few months ago seemed fanciful. The currency reached a peak of 105.09 US cents shortly before midnight eastern standard time, before edging back slightly to trade around 104.6 US cents this morning.
Reserve Bank Interest Rate Announcement
Mortgage holders were given a boost this week when the Reserve Bank decided to keep interest rates on hold. While the move is hardly a surprise, it will still be welcome news for people paying off a mortgage. "There's always that element of doubt about whether rates will go up or not, so it's nice to have a hold confirmed," says Domain.com.au’s Carolyn Boyd.
Couples Put Property before Babies
Couples are delaying plans to start a family in order to get their foot on the property ladder. According to a new poll, one in three people are pushing back their family plans as the cost of entering the property market rises.
Buy to 'rent Out' for a Dream Result
House prices are high but have you considered buying to let rather than buying to live? Are you, your children or your grandchildren despairing at being priced out of the property market? With more figures out last week showing housing affordability in Melbourne and Sydney is at record lows, you're not alone.
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