Property News Archive

Rivera runs deep on advice to developers - Colliers International residential research director, Jonathan Rivera, has urged developers to think outside the square to insulate themselves from a market downturn. . 20/11/2008

Auction Result - Individual state November 16, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.       . 20/11/2008

Apartment market value apparent - New unit sales in Brisbane increased in the past quarter despite the economic volatility. . 20/11/2008

Bend it like Bendigo - The City of Greater Bendigo is experiencing a property boom according to local property developer, Villawood Properties, who today announced local sales increases of 300%. . 20/11/2008

Auction Result - Individual state November 9, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.     . 17/11/2008

Prestige market weathers downturn best - Research released by Knight Frank this week suggests that while all sectors of the Australian residential market have slowed over the last year, the prestige residential sector, particularly the upper end of the market, has weathered the downturn better than the mainstream residential market, however the strong price growth of recent years has eroded. . 07/11/2008

Pilkington delivers Sydney outlook - Laing+Simmons general manager, Leanne Pilkington, has given her outlook for the Sydney property market in 2009; a year that will be characterised by the fallout effects of the global economic crisis, tightened lending policies from the banks and an increased awareness of environmental issues. . 07/11/2008

Auction Result - Individual state November 2, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.   . 06/11/2008

Rate cuts needed to boost building activity - HIA, Australias largest building industry association, believes weak building approvals throughout 2008 to date confirmed the importance of rate cuts that will hopefully put a floor under new home building activity and stimulate a much needed recovery in the sector. . 06/11/2008

HIA welcomes interest rates cut - The HIA, Australias largest building industry association, has welcomed the decision of Reservve Bank to lower interest rates by 0.7%. . 06/11/2008

Bribie Island far from sinking -

The market is hotting up in the coastal community of Bribie Island as PRDnationwide prepares to open a new agency on the island on 1 November.

. 31/10/2008

Sales down but Whitsunday market still hot - Despite a dramatic drop in sales, the average Whitsunday house is recording impressive growth and record median prices. . 30/10/2008

Northern Beaches top end thrives - PRDnationwide Research has just released the latest figures on the Northern Beaches property market. . 30/10/2008

Increase in FHOG boosting new stock - The Federal Government’s decision to triple the First Home Owner Grant for newly built stock is expected to have an impact on new home sales. . 30/10/2008

Vacant land the winner in Mudgeeraba - The Mudgeeraba area housing market has seen a 46% drop in the number of sales recorded over the past 12 months a new report has shown. . 30/10/2008

Auction Result - Individual State October 26, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.   . 30/10/2008

Auction Result - Individual State October 19, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team.   . 23/10/2008

Auction Result - Individual State October 12, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 16/10/2008

Auction Result - Individual State October 5, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 09/10/2008

Land costs and affordability challenge market - The production of new land throughout many regions in Australia in 2008/09 is to be restricted by a combination of high prices for residential land and the higher interest rates seen during 2007/08, according to economic forecaster and industry analyst, BIS Shrapnel. . 03/10/2008

Three ways to help home buyers - The Real Estate Institute of Victoria has welcomed suggestions from Victorian Premier John Brumby that governments need to do more to assist young Victorians to purchase their own home. . 03/10/2008

September recovery for mortgage sales - According to mortgage broker AFG, sales of mortgages across Australia during September recovered by 10.2% from the previous month. . 02/10/2008

Auction Result - Individual State September 28, 2008 - Weekly release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 02/10/2008

REIQ clears up body corporate insurance - Housing affordability is understood to be making the unit and townhouse market increasing popular with first home buyers, according to the Real Estate Institute of Queensland. . 02/10/2008

Growing population, slowing activity - According to the HIA, a general weakness in leading housing indicators is persisting into the second half of 2008, with building approval figures confirming a continuance downward trend over the last nine months. . 01/10/2008

Affluent attracted to hotel housing - Hotel managed residences have been found by Colliers International to be targeting the affluent with promises of 5 star living. . 01/10/2008

Sunny days for Peregian Springs - FKP Property Groups Peregian Springs on the Sunshine Coast has topped all neighbouring suburbs to record a 13.4% rise in house prices. . 30/09/2008

Population growth to impact housing - Australian Bureau of Statistics figures show that in the first quarter of 2008 the Australian population grew by 102,000, higher than any previous reading, and the HIA says that this will have an impact on housing affordability. . 26/09/2008

Continued struggle for new home sales - According to the latest New Home Sales Report from the HIA, there is an on-going weakness in new residential construction that was prevalent to the current deterioration in global financial conditions and confidence. . 26/09/2008

Auction Result - Individual State September 21, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 25/09/2008

Public housing requires attention - According to the HIA, there is a dire need for the state, territory and federal governments to address the challenges in public housing at the next CoAG meeting. . 24/09/2008

Middle ring to rule them all - The Brisbane Demographic Report released by Colliers International has identified suburbs located between 5 km and 10 km of Brisbane CBD as the next area to cater for the citys booming population. . 24/09/2008

Unit and townhouse market holds - The latest Real Estate Institute of Queensland median price data has shown unit and townhouse market of the states to have held its ground during 2008 tougher economic conditions. . 24/09/2008

Auction Result - Individual State September 14, 2008 - Weekly Release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 18/09/2008

Prices grow in New Farm - A PRD Nationwide report has found an average $285,000 increase in house prices in Brisbane inner-north over the past 12 months. . 17/09/2008

Sales drop though prices hold - According to the latest figures from PRDnationwide Property Watch report, Caloundra house sales cycle have fared rather well in the midst of recent market pressures and a slow down in investor activity. . 17/09/2008

New growth for Newcastle - Economic Development Unit of Newcastle City Council has indicated that the regions property market is set to benefit from long-term economic growth driven by the areas growing tourism market, increase in employment opportunities and unique lifestyle. . 16/09/2008

HIA highlights housing halt - Housing starts fell for the second consecutive quarter in June, according to new research from the Housing Industry Association. . 16/09/2008

Initiatives assist first home buyers - According to the Real Estate Institute of Queensland, buyer activity is likely to strengthen in the coming months as a result of lower interest rates and recently introduced housing affordability initiatives. . 15/09/2008

Boom predicted in Townsville suburbs - New research has indicated South Townsville and Railway Estate to be Townsville property hotspots. . 15/09/2008

Fund to improve affordability - The Housing Industry Association has launched the Housing Affordability Fund with Prime Minister Kevin Rudd and Federal Minister for Housing Tanya Plibersek. . 15/09/2008

Auction Result - Individual State September 7, 2008 - Weekly release of national auction results on an individual, state by state basis, put together by the RP Data research team. . 11/09/2008

Student accommodation needs better grades - According to Colliers International national director of student services, Eddie Liew, private baths, high-speed internet and modern furnishings are now big priorities for international students moving to Australia. . 09/09/2008

Beachside apartments all washed up - A report released by Brisbane-based project consulting and research specialists, Market Match Property, indicates a bleak outlook for investors and owner-occupiers who are seeking new apartments under $500,000 in Gold Coast beachside suburbs. . 09/09/2008

Residential resilience in Queensland - The latest Real Estate Institute of Queensland house sales data has again demonstrated the resilience of the Queensland residential property market. . 09/09/2008

Affordable Tamworth a hit with investors - The Tamworth Property Watch report by PRDnationwide has found that the town is attracting buyers who are looking to make an affordable investment. . 09/09/2008

Sales drop does not sink Maroochydore - Prices for property in Maroochydore have continued to strengthen across the market despite a sale decline, according to PRDnationwide. . 08/09/2008

Median house prices on the increase - The Mortgage Choice / REIA Real Estate Market Facts reports that the Australian weighted average median house price increased from $458,977 in the March quarter 2008 to reach $459,216 in the June quarter, signalling an increase of 0.05% over the quarter, and an increase of 6.0% over the year. . 08/09/2008

Continued decline for construction - Although the rate of contraction moderated for a third consecutive month, the national construction industry continued to decline in August, with the Ai Group - Australian PCI registering 43.1, still below the key 50.0 level separating expansion from contraction. . 05/09/2008

Prices rising at Byron - New research has revealed that 40% of Byron Bay’s house sales this year to date have achieved seven figure price tags, up from just 8% in 2002. . 04/09/2008