Tag: house prices
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Is there a cool change coming to Australian housing market?
Australia could be looking at a cool change in the housing market, according to data compiled by Core Logic. Levels of auction clearance rates in capital cities have continued to fall, with a preliminary capital city clearance rate of 71.8% achieved over the last week. If trends continue as they are, this rate could be pushed down to 70%…
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Opposition presents alternative housing affordability plan
The Federal Opposition has presented an alternative solution to the housing affordability crisis, detailing a plan to crack down on self-managed superannuation funds as well as imposing higher fees and penalties on foreign property investors. Ahead of next month’s Federal Budget, which will reportedly include a Coalition plan to combat housing affordability problems, Labor has put…
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Victorian government announces stamp duty cuts
Stamp duty cuts are the plan that the Victorian government is putting into place to make buying a home easier for first time buyers. When first time buyers are going to buy a house, they will not have to pay stamp duty if the price costs less than $600,000. However, Treasurer Scott Morrison says that…
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House prices surge through end of 2016
Last year finished with a sharp increase in house prices in capital cities around Australia. Although the growth in prices had been modest for November, December saw an 1.4% rise in residential property prices on average. Melbourne and Hobart led the gain, although prices Melbourne and Sydney surged the most throughout the year. In 2016,…
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Falling apartment prices are worrisome for the economy
Recent reports citing the drop in apartment prices are worrying economists who believe that the possibility of over-development and supply is causing the lack of confidence in the real estate market. Recent reports show that apartment prices in Australia’s CBDs have fallen by an average of 6.3% in the last 12 months. The Melbourne CBD and Sydney CBD…
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Australian house price comparision to 1975
Australia has changed majorly since 1975- demographically, socially, economically, technologically and culturally. This country has drastically changed its laws and financial side to better citizens needs. Back then, the population of Australia was 13.7 million and the average of getting married was the early 20’s. Now, women and men are getting married in their late…