Everyone’s talking about the drop in property values, and some are wondering if we might be heading for a meltdown like they’ve experienced in the USA. The circumstances over in America are very different to those here in Australia, as The Age’s Kenneth Davidson points out in “House prices are a bubble waiting to burst”:
“The [...]
Property prices are starting to drop ever so slightly across Australia, so the question worth asking is: how will a real estate price slump affect you?
This video from Fairfax Media includes a brief interview with Victorian Executive Director for HIA, Robert Harding. He provides his view on a number of issues, including:
How will this affect [...]
According to a few different real estate agents that I’ve spoken to this week, real estate prices are starting to fall in Brisbane suburbs. It’s nothing dramatic, and I don’t think it will become too serious, but prices are definitely slipping. One agent from the bayside said that some homes had fallen $50,000, whilst another [...]
According to the latest data from Australian Property Monitors rents continue to go up across Australia, and this is causing severe stress for many families. According to the Queensland Council of Social Services, even families with full employment are finding it tough, with some families forced to part with over 50% of their household budget [...]
A lot of agents and others have suggested that a rising population means a demand for more housing, and that this automatically means that property prices will continue to go up. However, independent economist Dr Ed Shann disagrees, saying that house prices in Australia have fallen in the past, and that the current high house [...]
A couple of weeks ago we were saying that real estate prices were about to go up big time, but ignore all that. According to Residex property prices in Australia are about to slump, just as they have in the USA and elsewhere. New figures from the property analyst group Residex show that house and [...]
According to an analysis by the CSIRO, petrol prices in Australia could reach $8 a litre by 2018, and if fuel prices do start to move upward in such a big way then property prices will be affected. I would imagine we would see a big boom in inner city properties, as well as those [...]
According to at least one large real estate office here in Queensland, the real estate market should return to a more normal state of affairs from September onwards. Things are a bit weird at present, with a shortage of buyers and hesitant sellers, but that might all change in just a few months from now.
Some [...]
Going against the trend in Brisbane, the average price for a city apartment has gone up 23% in the past three months, and is now sitting on $894,000. Sales activity has dropped, as it has everywhere, and of the 51 new apartments up for sale few were at the lower end. Over 20% of the [...]
If you think house prices are high now, just wait until the really big property boom arrives! When that gets here, prices will skyrocket, according to the ANZ Bank’s senior economist, Paul Braddick.
“A growing housing shortage is setting the scene for the mother of all housing booms.
Underlying housing demand is already outstripping new supply, and [...]
