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Real Estate News
Tuesday, August 03, 2010
Good news for home owners and investment buyers. The Reserve Bank of Australia today officially announced that interest rates will remain unchanged at 4.5%. The Reserve Bank has decided not to increase interest rates this month after positive inflation figures were released last week showing consume... read news item >>
Tuesday, August 03, 2010
House prices in Melbourne have received all the real estate press of late. Mostly due to their 20% price rise in the year to March compared to the same period last year. In comparison, units/apartments across the city rose in median price by a still considerable 14%. Given these price rises, it’s wo... read news item >>
Tuesday, August 03, 2010
Melbourne has just become bigger. Much bigger in fact. Already one of the
world's largest cities by geographic size - stretching 100km’s from east to west
- Victoria's Parliament voted in favour of expanding Melbourne by a further
43,600 hectares to accommodate further residents.The land, roug... read news item >>
Tuesday, August 03, 2010
Residential property projects launched in inner Melbourne in the six months
to June 30 had an average 150 apartments, more than double the average of 61
apartments in the first six months of 2008, according to recent
research.The average number of apartments in new projects in inner
Melbourn... read news item >>
Tuesday, August 03, 2010
Here’s something a little different. A major new city to house the millions of new residents expected to come to Australia could be needed within the next 40 years, according to Treasury secretary Ken Henry. An additional 10.5 million people are expected to flock to Australia's capitals by 2056. Maj... read news item >>
Tuesday, July 6, 2010
Up until 2004, the median Melbourne dwelling price remained a constant 60 to 70 per cent of the Sydney median dwelling price. Since then, however, Sydney median house and unit prices have had subdued growth, while Melbourne has been one of the country's best-performing property markets, particularly... read news item >>
Tuesday, July 6, 2010
Good news and bad news. The bad news is Australia's property market is cooling
off after a second consecutive month of single-digit gains. The good news,
however, is Melbourne experienced the biggest gains of all Australian capital
cities.
Figures released today from the RP Data-Rismark ind... read news item >>
Tuesday, July 6, 2010
The Reserve Bank of Australia today officially announced interest rates will be kept on hold at 4.5% for another month meaning borrowers have another month of steady payment costs, despite mounting inflation pressure.
As was widely expected, this marks the second consecutive month of unchanged rat... read news item >>
