SYDNEY’S two-speed property market could continue this year as mortgagee-in-possession sales drag down the lower end of the market.
An Australian Property Monitors rating of the growth of property values of about 700 suburbs in 2006 shows the city’s affluent enclaves surged ahead, while areas in the west and south-west languished.
The outstanding performer, Palm Beach, which [...]
GOLD Coasters can take some comfort from estimates showing this city has the hottest property market in Australia.
Queensland property prices rose fastest at 3 per cent in the December quarter and it is believed the Gold Coast is doing even better than Brisbane.
The surge of the value of Gold Coast housing is not unexpected, given [...]
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The New South Wales Property Council has indicated its concerns over the slowing Australian property market by proposing to the State Government that removal of stamp duty from all new homes was the best way to jumpstart the market.
The Sydney Morning Herald reports that the stamp duty proposal, which is based on modelling by the [...]
THE Reserve Bank of Australia has left interest rates on hold after its first meeting of the year, providing some relief to homebuyers after three increases last year.
The central bank’s cash rate remained at a six-year high of 6.25 per cent.
The stable outcome was no surprise to financial markets after last month’s more subdued [...]
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Housing experts say they expect prices in Newcastle to reflect a national trend which is seeing houses in the more affluent suburbs outperform those in outer suburban areas.
Australian Property Monitors says its December quarter figures show the local housing market remains stable, with the median house price about $310,000.
The figures also show rents in Newcastle [...]
CANBERRA: Developers want Canberra’s empty public schools to be sold urgently to help ease the capital’s burgeoning housing crisis.
And the ACT Opposition has predicted sales will begin “very soon”, and accused the Government of planning to use the proceeds to amass a “war chest” for the 2008 election.
Seven Canberra primary schools and three preschools shut [...]