23. January 2012 18:37
According to Residex CEO John Edwards, “Our housing markets ended 2011 in a better position to where they started and I am confident that the year ahead will be better for residential property owners compared to last year.” John Edwards expects the overall housing recovery this year and exit a period of negative adjustments. The basis fast that last December 2010 house prices declined and as well as December 2011, it also declined by 0.72%. Based on the trend in house and unit nowadays, the monthly growth trends shows that Melbourne, Hobart and Perth are performing better which makes their monthly capital basis improve while Canberra, Darwin, Sydney and Brisbane markets are going down. The Australian’s situation are facing now are much better to adjust and this is the time that the market has a chance to achieve a good result and to recover.
21. November 2011 18:16
According to a press release
from the Mortgage and Finance Association of Australia, “First time home buyers
have little confidence in the Australian Economy, as they baulk at property purchases
and hoard their cash.” We all know that
house prices in Australia continue to fall and Reserve Bank of Australia has
conceded the Australian Economy is no longer as robust because the official
cash rate is 4.5%. There are several possible reasons why housing market strikes; 72.1%
worried about the level of debt home ownership would require, 44% cited were delaying
purchasing a first home due to economic conditions and lastly 20.5% of first
time buyers believe property prices are too high. The RBA has confirmed last
November 1, 2011 the economy is weak. The QLD building boost isn’t working,
lowering interest rate isn't going to work and support for the housing market in a major property. Some home buyers are returning to the market in droves. Investors and businessmen hope that first homebuyers will change their mind to enter and to
invest the market to boost the economy.