House Pricing

January 8, 2015 2:59 pm

The Northern Territory Government on rising House Prices

2023-03-03T00:01:37+10:00

In an effort to subdue rising house prices, the NT Government has issued a land release program to assist homeowners as the market shifts towards high investor activity. Last year, 935 titles were released, up by 38% from 2013’s 677. Minister for Lands and Planning Peter Chandler believes that it is necessary to assist homeowners and help alleviate living standards as the housing market is dominated by home investors. The land release program has produced almost 6,000 dwellings in the Greater Darwin area alone in just over 2 years. This initiative is encouraging activity in the housing sector, as more [...]

The Northern Territory Government on rising House Prices2023-03-03T00:01:37+10:00

November 11, 2014 2:44 pm

Are Property Prices in Australia Rising Too Fast?

2023-03-03T00:01:37+10:00

Real Estate firm CBRE has recently given us a bird’s eye view of the global property market, showing us the property prices for major cities in the last 30 years. According to the research, UK prices have increased the most at a staggering 231.9%. The second fastest? Australia at 221.4%. Sydney was ranked the 4th most expensive city in the world after London, New York and Hong Kong. Surprisingly, US property prices have only increased by 53.2% in the last 30 years, with declines for both Germany and Japan at 7.8% and 14.5% respectively. Australian property prices have increased due [...]

Are Property Prices in Australia Rising Too Fast?2023-03-03T00:01:37+10:00

July 24, 2014 3:52 pm

Sydney House Price Surges to $800,000

2023-03-03T00:01:38+10:00

Median house prices for Sydney have peaked to a record $811,837 from $787,000 the previous quarter, according to the Australian Property Monitor’s Quarterly House price report. Sydney’s house prices have been on an upswing, recording a $118,000 annual increase. The median price in Sydney was attributed to a strong performance from the south west for the past 6 months. Darwin finished at second with a median house price of $655,615 followed by Perth, Melbourne, Canberra, Brisbane, Adelaide and Hobart, which had the lowest median price at $329,186. Read more about this on the Property Observer website. [/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Sydney House Price Surges to $800,0002023-03-03T00:01:38+10:00

January 22, 2014 1:33 pm

Fitch: Australian Houses are the Most Expensive in the World

2023-03-03T00:01:41+10:00

Australian House Prices have shown limited growth, according to Global Ratings Agency Fitch. It is outlined that income levels are not at par with increasing house prices. Home value appreciation for the year is pegged at 4%, less than half of last year’s appreciation at 9.8%. The home price to income ratio is the major factor that is pulling down the nation in housing growth. Excluding inflation, Australian homes are the most expensive in the world, followed by Britain and Canada. The country is second overall in home price to income and GDP ratio. Home values are expected to increase [...]

Fitch: Australian Houses are the Most Expensive in the World2023-03-03T00:01:41+10:00

Fearless Forecast: The Best Capital Cities in 2014

2023-03-03T00:01:41+10:00

Experts give us a piece of their mind as they forecast the best capital city for this year based on last year’s trend. The majority of these market experts predict that 2014 will be a good year for Brisbane, arguing that 3 years ago, Brisbane and Sydney home values were nearly identical. But for the past year, median prices in Sydney have jumped to $750,000, compared to Brisbane’s $445,000. The rising price in Sydney will be a factor in reducing yields, as compared to other capital cities. Brisbane also leads all capital cities in Gross Rental Yields (4.6%for houses and [...]

Fearless Forecast: The Best Capital Cities in 20142023-03-03T00:01:41+10:00
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