|March 2007||News Article|
Residential property still highly sought after
More than two thirds of property professionals expect to see rising residential property prices in the next six months, according to the latest Ashe Morgan Winthrop Property Investors Survey released today (28 March 2007).
Women say they are better at DIY
Australian women believe they are better at Do-It-Yourself home repairs than men, and many women find DIY better hiring a tradesman, according to new research released today (28 March 2007).
Sales up for third consecutive month
The stable interest rate environment of earlier this year has helped to lift new home sales across the country.
Building not keeping up with demand
Australia is not building enough dwellings to meet the demands of population growth and new-household creation. Australian Bureau of Statistics figures released today (20 March 2007) indicate.
Land scarcity ‘not reason for affordability crisis’
Land scarcity is not the reason for the housing affordability crisis, according to Australian Property Monitors operations director Michael McNamara.
Inflation warning from Reserve prompts rates worry
Inflation is higher than ideal, the Reserve Bank warnded today (16 March 2007), prompting fears of a rates rise
1200 blocks to be released to ease prices
Land for 1200 blocks is to be released in the ACT today (15 March 2007) to ease the pressure on prices.
Bank launches shared-equity loans
Home-buyers can buy with less deposit and lower repayments under a scheme made public today, but they will get less capital gain when they sell.
New housing’s sluggish 2007 start
Home lending figures got off to a weak start in 2007 with the January Australian Bureau of Statistics update for housing finance showing that a a sustained recovery in new housing is still some way off.
The investment times they are a’changin’
Older investors with more equity are selling their properties to take advantage of this financial year’s superannuation concession while younger investors seeking to diversify are moving from shares to property.
Affordability causes flight to the regions
Poor housing affordability in the cities has caused a flight to the regions, according to the Housing Industry Association’s Population and Residential Building Hotspots released today (12 March 2007).
How to get a bigger loan
Homebuyers and investors who get knocked back for a loan can do something about it.
ACT leads in renovations surge
The ACT leads the way for renovations, according to the latest Housing Industry Association quarterly Renovations Monitor released today (7 March 2007).
Red tape strangles housing supply
Delays with development assessments and the associated blow out in holding costs is hurting the new housing sector, according to the Housing Industry Association.
Records tumble in mini-boom in inner Canberra
Inner Canberra seems to be having a min-boom. Records fell at the weekend in several suburbs.
Rent crisis exaggerated
Reports of the rental crisis in Australia’s capital cities have been exaggerated, according to a report out this week (week ends 3 March 2007).