News

  • Housing Finance Approvals
  • 12/07/2010
  • After running red hot on the heels of low mortgage rates and the Boost to the First Home Owner's Scheme last year, housing finance approvals have taken a hit in recent months. Read more
  • Perth house prices set for biggest climb
  • 15/06/2010
  • The median price for a Perth house will pass $600,000 within three years as the city's property market reclaims its title as the strongest and fastest growing in the country, a new report predicts. Read more
  • RBA raises cash rate to 4.25%
  • 06/04/2010
  • The Reserve Bank of Australia has raised the cash rate by 25 basis points to 4.25 per cent, saying growth and inflation are around trend and it is appropriate for interest rates to be closer to average."With the risk of serious economic contraction in Australia having passed some time ago, the board has been lessening the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker," the central bank said in a statement today. Read more
  • Auctions running hot with 73pc clearance
  • 06/04/2010
  • AUCTION clearance rates across the country soared last month, with thousands of properties selling under the hammer and many going for well above their reserve, particularly in Sydney and Melbourne. Read more
  • Housing shortfall likely to worsen
  • 29/03/2010
  • OFFICIAL forecasts for the nation's housing shortage have worsened, with more than 100,000 prospective home buyers already locked out of the market by June 30 last year. Read more
  • Negative gearing safe, says Swan
  • 28/03/2010
  • Wayne Swan has hosed down suggestions of a clamp on negative gearing, as the Rudd government seeks to lower expectations that tax reform will be a central plank of its election platform. Read more
  • Boom city top for 10-year property prices
  • 13/03/2010
  • PERTH has been the standout property market of the last decade, with 11 of the city's suburbs making the top 20 list for the fastest average annual price growth, according to residential researcher RP Data. Read more
  • First home buyers give up the dream
  • 06/03/2010
  • ONE-fifth of Australians will give up on the dream of buying their first home in the next two years if home loan interest rates hit between 8 and 9 per cent, according to a survey from home loans broker Mortgage Choice. Read more