Prestige homes push forward Down Under
Prestige property in Sydney is moving fast as local real estate agents report a rise in the number of buyer enquiries for properties valued in the million dollars plus bracket.
Shortfall in Sydney homes
Success continues across the Sydney real estate auctions as last weekends’ clearance results hit more than 78 per cent.
Surprise cut in Oz interest rate
Earlier this week in a surprising move the Reserve Bank announced a cut in the official interest rate by 0.25 per cent to a new record low of just 2.75 per cent.
New home sales up Down Under
The results of the latest report from the Housing Industry Association are in and according to the Housing Industry Association new home sales are beginning to improve.
Real estate recovery continues Down Under
Sales activity and the general growth of residential property prices across the Australian real estate markets during the first quarter of 2013 suggests the housing market is well on the road to recovery.
Melbourne homes market on the mend
Australian property buyers were out in force last weekend as preliminary reports suggest a lift in auction results for both Melbourne real estate listings and residential property in Sydney.
Solid auction sales in Sydney
Another great result was seen across Sydney real estate auctions last weekend, the clearance rate reached above 70 per cent for the third consecutive week.
Interest rate unchanged Down Under
The Australian property market got off to a good start at the beginning of the year which no doubt prompted the Reserve Bank to leave the cash rate unchanged at 3 per cent.
Melbourne home buyers out in force
Following the excellent results of last weekend’s property auctions local property experts believe the Melbourne real estate market is on the mend.
House price recovery edges forward Down Under
Despite a slight fall of 0.5 per cent in the final quarter figures for new home lending for construction and sale of new homes a rise of 1.4 per cent was recorded during December suggesting a much needed improvement for the Australian property market.
Lift in new home sales Down Under
2012 was a year of mixed results for the Australian real estate industry but recently published figures for December show a rise in new home sales for the third month in a row.
Robust recovery ahead for Melbourne homes
According to many commentators the Melbourne sector of the Australian real estate market was going to crash and burn during 2012 but recently published figures pour cold water on those theories.