Avoiding mortgage stress
Simon Johanson August 23, 2010 Are you feeling stressed? Mortgage stressed, that is? After six interest rate rises in 18 months and record house price growth around the country maybe you should be. And, if you own a home or are renting, your financial temperature should be even higher given that household debt in Australia [...]
Home buyer activity lags for 12th month
Owner occupier borrowing activity has been consistently trending downwards for 12 months now, new research shows. According to an analysis of RBA credit aggregates by Retail Finance Intelligence (RFi), housing credit for owner-occupied housing grew by just 0.4 per cent in June this year and has now been on a downward growth trend for one [...]
Landlords count cost of tenants from hell
The number of insurance claims made by landlords has jumped over the past year / File Landlord claims jump 42pc over year Claims against whitewear, TVs, beds Property: Renting, buying and more MORE landlords are being forced to claim on their insurance as the number of thefts rises and the value of the stolen property [...]
Opportunities abound for buyers, sellers
There are plenty of opportunities around for home buyers and sellers, provided they focus on market fundamentals, according to First National Real Estate chief executive Ray Ellis. Commenting on yesterday’s announcement that the RBA would hold interest rates at 4.5 per cent, Mr Ellis said the market was suitable for buyers due to relatively high [...]
Opportunities abound for buyers, sellers
There are plenty of opportunities around for home buyers and sellers, provided they focus on market fundamentals, according to First National Real Estate chief executive Ray Ellis. Commenting on yesterday’s announcement that the RBA would hold interest rates at 4.5 per cent, Mr Ellis said the market was suitable for buyers due to relatively high [...]
Housing bear warns again of bubble waiting to burst
AN ARMY of loss-making landlords threatens to deflate Australian house prices, posing a risk to economic stability, a leading analyst has warned. Morgan Stanley’s equity strategist, Gerard Minack, has joined a growing number of observers to claim house prices are a bubble that has raised the level of risk in the economy. While local house [...]
Housing | Building Approvals Drop For Third Month
Building approvals have fallen for the third consecutive month, dropping 3.3 per cent in June. That follows on from a revised 6.4 per cent fall in May. Approvals fell 3.3 per cent to 13,267 units in June, seasonally adjusted, from an upwardly revised 13,721 units in May, the Australian Bureau of Statistics said. In the [...]
City of houses out of reach in affordability
First time buyers are feeling the pinch of tightening housing affordability. Picture: Chris Groenhout Source: Herald Sun HOUSING affordability has plunged to near-record lows, and aspiring home buyers are suffering the worst of it. Increasing numbers of property hunters across the country are being squeezed out of the market, according to new figures. The latest [...]
City home price growth tops 20%
Home prices in Sydney and Melbourne surpassed 20 per cent in the year to June – a pace economists say will slow in coming months. House prices in Sydney increased 21.4 per cent in the year to June, according to the Australian Bureau of Statistics, unchanged from the year to March. In Melbourne, house prices [...]
Capital city house prices up 18 per cent from last year – ABS
Houses in major capital cities have increased by 18.4 per cent in the last year, says the ABS / File Source: Bloomberg City house prices up 18.4 per cent – ABS Figures more than double private data Price momentum ‘slowing’, says economist HOUSE prices in major capital cities have jumped by almost 20 per cent [...]
