Read full article: [Residential building approvals fall sharply in Australia, loans down too]
Building approvals in Australia fell sharply, down 40.4% in July 2012 mainly due to a big decline for non detached dwellings, but better figures for previous months mean that over the quarter to the end of July they are up by 38.8%.
Housing affordability in Australia has declined by 4.8% across the country during the past five years, according to a new analysis by PRDnationwide.Read full article: [Housing affordability drops in Australia, research shows]
Home prices in Australia’s eight capital cities increased by 0.5% in the second quarter of this year compared with the first three months of 2012, the latest figures show.Read full article: [Australian cities see home prices rise for first time in almost two years]
New home sales increased for a second consecutive month in June 2012 due to a spurt in multi units, said the Housing Industry Association, the voice of Australia’s residential building industry.Read full article: [New homes sales increase in Australia, latest data shows]
Median asking rents for houses in Australia increased nationally by 0.7% while apartment rents went up by 2.5% in the there months ending in June, the latest Australian Property Monitors report shows.Read full article: [Property rental prices rise in Australia with apartments in demand]
Approvals to build new homes in Australia surged by the most on record in May as a number of major apartment projects got the go ahead, providing an important boost to what had been one of the softest sectors of the economy.
Australia’s sluggish residential property market is set to recover in the next three years but not in all cities, according to the latest report from business research company BIS Shrapnel.Read full article: [Some Australian cities set to see property growth by 2015]
The new build property sector in Australia needs urgent investment and reform to boost the country’s new housing supply, it is claimed.Read full article: [Urgent investment needed to combat weak new build property sector in Australia]
Preliminary figures published by the Australian Bureau of Statistics provide a disappointing update for residential construction in the March 2012 quarter, according to the Housing Industry Association, the voice of the country’s residential building industry.Read full article: [Home construction and renovation falls in Australia in first quarter of 2012]
Residential property values in state capital cities in Australia fell by 1.4% in May, a sign that interest rate cuts are not boosting the real estate market.Read full article: [Property prices in Australian cities falling, latest data shows]
New home sales in Australia mounted a partial recovery in April following a very weak end to the first quarter of 2012, according to the Housing Industry Association, the voice of Australia’s residential building industry.Read full article: [Partial recovery for new home sales in Australia]
Australia’s residential property industry is facing its worst conditions in decades and heading for recessions, it is claimed.Read full article: [Australian housing industry heading for recession, warns HIA]
The private property rental market in Sydney is heating up, with one and two bedroom rents up in many locations, new research shows.Read full article: [Research reveals Sydney property rental hot spots]