Units show higher rate of turnover than houses in Australia
Most home owners tend to ‘hold’ their Australian property for at least five years. In many suburbs and regions around Australia the hold p...
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Houses are still cheap
Last week Rismark released research showing that housing affordability has not declined since 2003 and is nowhere near the commonly quoted s...
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Banking satisfaction slides
Customer satisfaction levels among all the major banks have droped significantly over the last year. According to the lastest customer sat...
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First home buyers getting older
The average age of people buying their first home is getting older. Housing Industry Association analysis of Australian Bureau of Statistics...
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Mortgage relief for Queenslanders
The Queensland government has a loan program for struggling owner occupiers with homes worth less than $450,000 to help them stay in their h...
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Overseas real estate markets are recovering but prices remain well below their peak
As the global economy continues to recover, we thought it timely to re-examine the overseas property markets that we as Australians often u...
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Cardholders choosing credit over savings
Usage of credit cards picked up in November 2009, in a break from the long-running but gentle trend over recent years for spending on paymen...
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Chinese growth leads to higher mortgage rates
Data released yesterday in China showing economic growth surging back to new high levels means that the Reserve Bank of Australia is more li...
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Rental yields dive in parts of Australia
Rental markets in parts of Australia witnessed volatile times recently with yields taking a dive in some areas as capital gains outpaced ren...
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Westpac cuts LVRs for new customers
Westpac has reduced the ceiling on the loan to valuation ratio on mortgage loans marketed under the Westpac and Rams brands. Westpac will ...
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NZ property prices soar
The median house price for properties in New Zealand has risen a record AU$5,000 to $NZ360,000 (AU$288,000). Figures from the Real Estate ...
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Bank and investor taxes to be slashed
Australia will buck the international trend towards higher taxes on banks and financial institutions and lower financial services taxes unde...
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Rate rise likely after surprise fall in unemployment
A surprise fall in the unemployment rate will undoubtedly put pressure on the Reserve Bank to lift rates for the fourth consecutive time whe...
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Property Industry market wrap
Housing finance data released this week from the ABS showed that demand for housing finance fell during November 2009 by 5.6% for owner occu...
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More Australians expected to default in 2010
More Australians are expected to fall behind on their home loan repayments in 2010 as unemployment rises says ratings agency Fitch. "...
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Personal loans staging a comeback
For many years, personal loans have not been very popular and many people have favoured using their credit cards. However, that seems to be...
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Calls for debt diet increase
Westpac chief Gail Kelly has added her voice to the growing sentiment that Australians need to stop living beyond their means. In a writte...
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Sydney rents to hit $500 a week
Average Sydney rents are likely to increase by at least double last year’s rate to approach the $500 per week level for houses. After a to...
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ING Direct lowers fixed rates
ING Direct is ready for customers looking to switch from variable to fixed rate loans ahead of potential increases to the official cash rate...
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Rates to rise in Feb: AMP
Interest rates are likely to rise again when the Reserve Bank meets in February 2010, according to leading economists. AMP’s head of investm...
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Builders struggling to get finance
Tight lending rules by banks are costing jobs in the building and construction industry say the Master Builders Association of Victoria. Acc...
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Weekly key statistics for property: rental rates and yields
On an annual basis, most capital city markets are seeing that their median weekly rent is still higher than it was 12 months ago. In saying ...
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Small Business turns on their banks
Business bank customers, in particular small business people, are less impressed with their bank at the end of 2009, than they were one year...
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Cooking up a storm
According to a new report from the Housing Industry Association , Australians are demanding bigger kitchens and bathrooms. The new report p...
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Boomers just want to stay home
More than two-thirds of the Baby Boomer generation plan to stay just where they are after they retire - that is, in the family home, accordi...
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Australian coastal suburbs back from the brink
While most of Australia’s coastal properties copped a battering during the financial crisis, the lifestyle regions are finally starting to b...
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Westpac borrowers leaving in protest
Westpac mortgage customers are lining up to leave the bank and take their business elsewhere says Australia’s largest mortgage broking group...
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Queensland property looks a good investment
According to The Real Estate Institute of Queensland, there was significant growth in the total value of investment purpose home loans betwe...
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Not doing a home loan health check can prove costly
Mortgage rates offered by banks and other lenders have started to vary widely, which means now is not a time to leave your home loan in the ...
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Sydney housing prices to grow
Sydney house prices will boom due to the fastest population growth in 15 years. According to MacroPlan Consultancy Australia managing dire...
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UK mortgage approvals soar
According to the latest figures from the Bank of England, mortgage approvals in the UK have reached their highest level since March 2008. ...
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Double digit growth for Australian housing in 2009
According to RP Data, Australian home values have delivered double digit growth in 2009. Data from RP Data shows that house prices rose by...
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QLD restricts FHB grant
With the federal government’s first home owners’ boost now officially over, the Queensland government has announced further restrictions to ...
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