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Record Price for the Street

Working in the real estate industry, John knows the difficulty of selling these properties. He trusted Red Rocket not just because of their personalised service and attention to detail, but he was also given a guaranteed quote for his home which no other agency had for John before.

Long-term Price Rises Lead World

Facebook Twitter Google+ LinkedIn The long-term rise in Australian house prices since the early 1960s has been the most sustained property market upswing in the world, new research says. Researchers at the Switzerland-based Bank for International Settlements have analysed long-run trends in house prices, finding upswings have been more common than downswings across the 47 […]

Investor Lending Rebounds

Facebook Twitter Google+ LinkedIn Investor mortgage lending rose 4.3% in August, higher than the 0.9% rise in owner-occupier loans. ANZ senior economist Daniel Gradwell said the monthly increase in investor lending was the largest since APRA told the biggest banks to limit interest-only lending to 30% of new mortgages. The rise merely offsets the fall […]

Confidence in Property Sector Up

Facebook Twitter Google+ LinkedIn Confidence within the property industry has risen to its highest point in four years, according to the ANZ/Property Council Survey for the December quarter. The lift in mood was consistent across states and the industry became more optimistic on the capital growth prospects of all key asset classes. Sentiment strengthened across […]

Migration Drives City Markets

Facebook Twitter Google+ LinkedIn Sydney and Melbourne’s housing markets are performing more strongly than expected partly because of the large number of migrants moving to Australia’s two biggest cities, says ANZ’s Australian chief, Fred Ohlsson. Thousands of new units are set to come onto the market in Sydney and Melbourne, but Ohlsson said demand had […]

Crane Count Hits Record High

Facebook Twitter Google+ LinkedIn The number of cranes dominating the skyline of capital cities has risen, with a record 685 structures around the country, according to the Rider Levett Bucknall fourth-quarter 2017 RLB Crane Index. With 350 in Sydney, 151 in Melbourne and 116 in Brisbane and the Gold Coast combined, the construction boom does […]

APRA Curbs Unfair, Say Banks

Facebook Twitter Google+ LinkedIn Second-tier lenders, including Suncorp, Bank of Queensland and industry super-owned ME, are calling on APRA to revise lending restrictions which are effectively ‘locking in’ the market share of the big four banks and restricting competition. For almost three years, banks have faced a 10% annual growth cap in their housing investor […]

Concessions Boost FHBs

Facebook Twitter Google+ LinkedIn The number of first-home buyers using stamp duty concessions has doubled since the Victorian Government introduced the measures on July 1. Data from the State Government also indicates the incentives have been popular in regional centres including Ballarat, Bendigo and Shepparton. The changes mean people buying their first home do not […]

Worker Move To Cheaper Cities Tipped

Facebook Twitter Google+ LinkedIn The current two-speed property market could see workers leave Sydney and Melbourne and move to cheaper cities, says Macquarie Group’s chief economist Ric Deverell. Sydney prices have grown 13.6% in the past year while Melbourne is 16.8% higher, according to CoreLogic figures, and the outlook remains stable. “Between 2003 and 2008 […]

Mortgage Strain Better Than 5yrs Ago

Facebook Twitter Google+ LinkedIn The proportion of income needed to service current household debt is lower than it was in 2011 because of historically low interest rates. In Brisbane for example, 30% of a household’s income is required to service an 80% loan-to-value-ratio mortgage, compared to 40% five years ago. Mortgage Choice chief executive John […]

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