Property News

Investment Homes Australia: September 8, 2009

10 September 2009

Green shoots or false hopes?

The numbers surely have it: housing values across all capital cities surged during the first five months of the year, defying doomsayers who were predicting catastrophic falls. According to the RP Data-Rismark Hedonic Australian Home Value Index, Australian dwelling prices climbed by 3.9% - translating to a 9.4% annual growth rate. Melbourne led the charge, racking up an impressive 6.1% in capital growth, bringing the median value to $443,811 since the beginning of the year. Darwin continued to outperform the rest of Australian cities with a remarkable 14.3% growth over the past 12 months."The property market's performance has been pretty outstanding, particularly in Melbourne, which is the best performing capital city this year," said Tim Lawless, national research director, RP Data. "The 6.1% growth figure for Melbourne was really strong."

Melbourne steams ahead as property market recovery gets underway

18 August 2009

Property values in Melbourne staged a stunning performance surging by 6.1% to $443,811 since the beginning of the year, a new report revealed.

The RP Data Rismark International Home Value Index also found that property values in all capital cities rose over the first five months of the year. Sydney values jumped by 5.2% to $529,785, Darwin rose by 5.5% to $444,846 while Brisbane gained 2.6% to $432,811. Perth continued to lag with values increasing only by 0.5% to $468,052 during the same period.

Queensland's Ipswich and Toowoomba fight global downturn

18 August 2009

Queensland's affordable property continued to attract homebuyers and investors during the first quarter of 2009, especially in the southeast corner.

According to the March quarter sales data from the Real Estate Institute of Queensland (REIQ), the south eastern region of the state posted the best results.

REIQ chairman Peter McGrath says the low prices in the Toowoomba LGA helped produce a 6.3% increase in median house prices over the March quarter, which pushed values up to $272,000.

First homebuyer peak is over, says AFG

18 August 2009

The surge in first homebuyer activity reached a peak in March, declining for two consecutive months, according to the largest mortgage broker in Australia.