Media Releases and Property Articles
We keep a regular eye on what's happening in the property market and post up to date press releases, media articles newspaper and magazine clips and whatever else we think might be useful information to you about buying and selling property on this page. I hope you find this page a valuable resource when you are researching property.
If you're thinking about buying or selling a property and you would like to know how much it is worth then you can find out quickly, easily by requesting a free independent sales appraisal.
House Prices - Down they go, and possibly for some time too
27 August 10
After a year and a half of price growth, residential property values are starting to slide.
In our view, prices are likely to continue to slide for much of 2010/11, even if interest rates remain on hold. If rates rise, then we could see a substantial fall in end values. We believe the next direction for interest rates is down and not up. The real economy is quite weak, demand lacklustre and many businesses cannot continue to hoard labour, so unemployment is likely to rise.
Read More
RP Data Property Pulse
6 August 10
RP Data’s measure of pre-listing activity by real estate professionals, the Market Activity Index saw a slight increase over the last week with the index sitting at 120.5 points. Despite the slight upwards movement we expect that the level of market activity will continue to trend lower until at least the beginning of the spring selling season. Read More
Housing shortage tracking to 500,000 by 2020
27 May 10
Findings of the Housing Industry Association’s (HIA) inaugural Housing to 2020 report show if current building trends persist, then Australia’s cumulated housing shortage would reach 466,000 dwellings by 2020. Read More
Population growth will continue to support first home buyer demand in 2010/11
27 May 10
First home buyer intentions are not expected to fall to the same extent as they did following the expiration of the First Home Buyer Boost Scheme in 2002. Read More
RP Data Property Pulse
7 May 10
In a positive sign for housing supply, new dwelling approvals jumped 15.3 per cent on a seasonally adjusted basis in March with 16,383 new dwellings approved for construction over the month. Read More
RP Data Property Pulse
30 April 10
This week the Australian Bureau of Statistics released their Consumer Price Index figures for the March 2010 quarter. The Consumer Price Index measures the level of price inflation and the results showed that over the last 12 months, prices had inflated by 2.9%. When volatile items are removed from the results a 2.9% increase has also been recorded. Read More
RP Data Property Pulse
23 April 10
RP Data’s measure of pre-listings activity, the Market Activity Index, nudged slightly higher this week. Despite this increase we may still start to see a slowdown in real estate listing activity in the coming weeks and months as the sceptre of higher interest rates lingers. Read More
Homeowners to prepare for further rate rises
6 April 10
The decision by the Reserve Bank of Australia (RBA) to increase the cash rate by 25 basis points to 4.25 per cent today was not entirely unexpected, after comments from RBA Governor Glenn Stevens last week and increases in key export prices.
Read More
City home values continue to climb despite rate rises...
31 March 10
City home values continue to climb despite rate rises... while growth in non-capital city markets much slower. Based on the RP Data - Rismark February Hedonic Home Value Index results released today, dwelling values in Australia’s capital cities continued to rise by 1.4 per cent over the month following on from 2.0 per cent growth in January. Read More
Rismark Home Value Index Release
31 March 10
City home values continue to climb despite rate rises... while growth in non-capital city
markets much slower. Read More
Unit and townhouse sales soften
15 March 10
Continuing a trend in Queensland's residential property market, the number of sales of units and
townhouses reduced markedly during the tail end of 2009, according to the Real Estate Institute of
Queensland (REIQ). Read More
Buyers cautious as market conditions change
8 March 10
The reduction of first home buyers in the Queensland residential property market has had a dramatic impact on the latest median house prices from the Real Estate Institute of Queensland (REIQ). Read More
RP Data Property Pulse - March
5 March 10
Last week saw the greatest number of auctions so far this year with 2,200 auctions, an increase in volume of 52% from the previous week. Across the combined capital city markets the weighted average clearance rate was 73%. Read More
Homeowners need to adjust budgets
2 March 10
The decision by the Reserve Bank of Australia to increase the cash rate by 25 basis points to 4 per cent appears contrary to the language used by the central bank in its last decision, according to the Real Estate Institute of Queensland (REIQ). Read More
RP Data Property Pulse
5 February 10
The RBA shocked seemingly everyone this week with their decision not to raise interest rates following their Board Meeting on Tuesday. Read More
Consumer confidence surges in January, Westpac-MI survey show
20 January 10
Consumer confidence surged in January as households appear to have absorbed three interest rate rises, a survey shows. The Westpac-Melbourne Institute index of consumer sentiment increased by 5.6 per cent to 120.1 points in January, from 113.8 in December. Read More
RP Data Property Pulse
8 January 10
The RP Data-Rismark national Home Value results were released last week and they showed that the Australian residential property market continued to strengthen during November. Read More
QLD Property Bounces Back
7 December 09
Queensland's residential property market has regained most of the ground lost over the past year, according to the latest Real Estate Institute of Queensland (REIQ) median house sales data.
Read More
An overview of the Sustainability Declaration
30 November 09
The Queensland government has amended legislation to make it mandatory for sellers of residential property to complete and sign a sustainability declaration from 1 January 2010.
Read More
Rental markets to tighten further in 2010 and 2011
30 November 09
Plunge in apartment construction leaves new supply critically low. Leading industry analyst and economic forecaster, BIS Shrapnel, is anticipating rental growth around Australia will surge in 2010, following a period of more moderate growth in 2009.
Read More
House Price Growth to Accelerate
14 October 09
ADELAIDE'S housing prices will increase 23 per cent by the middle of 2012, the biggest rise in values of all the capital cities, and nearly twice the growth rate of Perth and Canberra, according to a new report with Brisbane to rise 14%.
Read More
What time is it in your state?
5 October 09
ACCORDING to the property clock, the best time to buy is at the bottom, 6 o'clock, just after the oversupply has hit and properties are at a discount to their underlying value.
Read More
Property Shows Long-Term Capital Growth
23 September 09
Queensland residential property continues to show strong long-term capital growth with many suburbs recording median price increases of more than 100 per cent over the past five years.
Read More
Australia's Most Valuable Suburbs Named
16 September 09
WHEN buying a new home location is everything. And now there's research to prove it. The St George Bank national property hotspots report has identified the top 24 suburbs around Australia likely to provide the strongest value for home buyers.
Read More
Property Market Returns to Form
7 September 09
Queensland's residential property market has shown its staying power over the June quarter with increasing sales and median house price growth in many areas.
Read More