First home buyers are checking out the market, learning what’s available, but they aren’t yet buying real estate. And that’s to be expected. Many of them had, until recently, pretty much given up on purchasing their own home. Prices were skyrocketing, and the old $7,000 First Home Owners Grant had long since been off-set by [...]
Yale economist Robert J. Shiller has released a graph showing the change in American property values from 1890, and projected forward to 2011.
This data is based on using an 1890 property selling for the modern inflation-adjusted equivalent of $100,000 US. Property values experienced mini-booms in the 1970s and 1980s, but it is the enormous spike [...]
“Eighty per cent of the Australian population lives in the coastal zone, and approximately 711,000 addresses are within three kilometres of the coast and less than six metres above sea level.”
- Department of Climate Change
I’ve spoken before about the problem of rising sea levels and the potential for it to inundate Australian homes (see “Coastal [...]
The television news bulletins are talking up the possibility of good times ahead for real estate in Australia, suggesting that investors fleeing the stockmarket will jump into the property market. An investor buying frenzy would certainly be a positive, even if it simply gets property moving again and doesn’t actually push prices up. CommSec senior [...]
According to Professor Steve Keen, Australia’s property market is set to drop. What we’ve seen in America has been bad, but what we might be about to see here could be nasty. But then you’ve got other people (especially real estate agents) saying that supply is still outstripping demand, and therefore property prices can only [...]
There’s a rental shortage across Australia at the moment, but it’s particularly bad in Sydney. Recent data suggests that there are just 739 properties currently available for rent in Sydney, a vacancy rate of just 1.2 per cent. You’d expect this would push rental prices up, making property investment a far more attractive deal than [...]
The Los Angeles Times recently announced that they will no longer be publishing a real estate section in their Sunday edition. Is this the start of more real estate sections being shut down, or a unique case?
At the moment real estate advertising is a profitable little business for local newspapers. Brisbane’s Courier-Mail charges a lot [...]
I was speaking to a real estate agent yesterday who said that real estate is about to boom again, in part as a result of the dramatic stockmarket crashes. Investors who had been in the stockmarket due to the decline in property prices may shift in large numbers over to property, with the attraction of [...]
Facebook is becoming quite a force, with more and more people joining up. I’ve been on it for a few months, and I’ve just set up a Facebook Page for my business - have a look at Highshots Photography on Facebook.
Anyway, there’s a lot of talk around about how business people, including real estate agents, [...]
According to a report by Johnston Dixon Real Estate, median property prices in Brisbane will be up over $36 million by 2050. By that time the average annual salary will be $910,000, it will take around 40 years of average annual salary to pay off the family mortgage (up from 10 years of salary today), [...]
