Australian Housing Increasingly Unaffordable

According to the results of a survey conducted by the Housing Industry Association (HIA) and Commonwealth Bank of Australia. Housing has become increasingly unaffordable, as the effects of three consecutive rate hikes, and the rolling back of first home buyers grant have begun to take effect.

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Investors Expected To Become Key Driver In Australian Property Market

A leading mortgage broker, Australia Finance Group (AFG) believes that property investors which accounted for nearly one third of all residential mortgages last month will drive growth in the sector during 2010, replacing the traditional driver of first home buyers.

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Australian New Home Sales Grew Anaemically In November

January 5, 2010 · Filed Under Australian Economy, Business News, Property Market · Comment 

The Housing Industry Association (HIA) says new home sales in Australia increased by an anaemic 0.3 per cent during the month of November, largely as a result of a lack of available funding.

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No Last Minute Rush To Take Advantage Of Federal Home Loan Grant

The proportion of first time home buyers that are rushing to take advantage of the Federal Government’s housing subsidy before the deadline for the enhanced scheme expires on September 30th has fallen during the month of September compared with that of August, a leading mortgage broker has said.

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Australian Property Market Surges During June Quarter

September 30, 2009 · Filed Under Australian Economy, Business News, Property Market, home loans, mortgages · Comment 

A  report on the state of the Australian property market suggests that the Federal Government subsidy for first time home buyers has led to mortgage brokers writing more than $18 billion in home loans for the quarter ending June, representing an 18 per cent rise compared to the same period in the previous year.

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Australian Fund Managers Mark Down Property Investments

August 21, 2009 · Filed Under Australian Economy, Business News, Property Market · Comment 

Independent property research firm IPD has issued a report which suggests that  capital values of Australian property have reached nearly two decade lows for the year ending June 2009 as investment fund managers mark down the value of their real estate assets.

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Australian Property Market Continues To Recover

Further signs that the Australian property market continues to recover have emerged, with the average new mortgage in Australia reaching record highs in July of $345,000, showing that confidence in the property market is increasing.

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Mortgage Borrowers Not Switching To Fixed Rates In Large Numbers

Australian mortgage borrowers do not seem to be phased by the Australia’s largest mortgage lender raising its standard variable mortgage rate and there has been no en mass switch into fixed rate mortgages according to a mortgage broker.

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Australian Property Market Heats Up Before Budget Announcement

The Australian property market has rapidly heated up with first time home buyers sprinting quickly to make or finalise their purchase due to fears that the Commonwealth Government of Australia ceases with the current regime relating to government grants when it announces its new budget today.

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