Archive for the ‘Buying’ Category

Sydney price growth to slow, report predicts

With eye-watering prices becoming a feature of everyday life in Sydney’s real estate market, those buying houses will no doubt be looking for some kind of relief. New research from BIS Shrapnel could come as a breath of fresh air given the red hot real estate conditions, with the firm predicting that markets across Australia will slow over the … Read more »

Construction industry continues buoyant run

If there was one sector of the economy that has enjoyed impressive growth in the last year, it’s residential construction. The building industry has been continuing on its upward streak for many months now, helping to supply homes to match the frantic rate of residential sales, particular in New South Wales.

New lending figures from the Australian Bureau of Statistics … Read more »

Residential building approvals jump in May

When you’re considering buying a house or apartment, there are many things that can enter into your mind. Pricing is probably at the forefront, alongside the lifestyle and location you’d like to lead in your new home.

The Australian Bureau of Statistics (ABS) has some encouraging news for buyers, revealing that the number of building approvals hit a year-to-year high in … Read more »

What does the future hold for interest rates in Australia?

If there has been one constant in the real estate market over the past few years, it’s been ongoing debate over interest rates. Each month the Reserve Bank of Australia (RBA) keeps home buyers, sellers and investors alike on the edge of their seat, and its July official cash rate decision has been no different.

Cash rate goes unchanged

Unfortunately, the latest decision … Read more »

Could another rate cut be on the horizon?

When the Reserve Bank of Australia (RBA) decided to cut the cash rate in May, there was a collective sigh of relief – from those buying a house or apartment, at least. Housing finance has become incredibly cheap, allowing households to pay off their loans more quickly and encouraging others to make their first, crucial steps into the property … Read more »

Should the government do away with stamp duty?

One of the common threads in all the talk about real estate affordability has been tax – particularly stamp duty. The release of the federal government’s tax discussion paper earlier in the year raised the possibility of big changes to Australia’s tax framework and, since then, members of the housing industry have been quick to have their voices heard … Read more »

New homes remain a popular choice

Property buyers throughout the country are keen to buy new homes, the latest figures suggest, which has been spurred on by reductions to the official cash rate (OCR).

The Reserve Bank of Australia (RBA) first lowered the OCR to 2.25 per cent in February, which was followed by another 25 basis point cut this month. As a result, homebuyers have been … Read more »

How does new home building support affordability?

There has been one question that has risen above all others in the past few months: How does the government and the housing industry make homeownership an affordable dream for all Australians? In the beating heart of the property market, Sydney, buyers will likely be thinking much the same thing. In its April 7 board meeting, the Reserve Bank of … Read more »

Is housing supply meeting population growth?

There has been a fair bit of discussion about housing supply in Sydney in recent months. However, CoreLogic analysts have studied recent figures from the Australian Bureau of Statistics (ABS) and found that the level of building activity and the rate of population growth across the country could be meeting somewhere in the middle.

This is particularly good news for affordability. … Read more »

Is Sydney in a price bubble?

If you’re looking to buy a house or apartment for the first time, it can be hard to ignore the almost-constant commentary on the state of house prices. But are they really as extreme as they have been made out to be? New research from CoreLogic RP suggests not. In fact, figures show that price growth is much slower … Read more »