Real Estate Report – 23/08/10 – Finance News Network
Real Estate Report – 23/08/10 Finance News Network This week we continue looking at the most affordable suburbs less than 10 km from mainland capitals, going to Adelaide and Perth. … |
Help For Sellers & Buyers
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Units outperform houses – News.com.ag
Units outperform houses News.com.ag Potential purchasers of high value real estate (representative of the top 20% of suburbs) are likely to have been impacted by the recent share market … |
Low vacancy rate drives surge in rents – Adelaidenow
Low vacancy rate drives surge in rents Adelaidenow Figures released yesterday by the Real Estate Institute of South Australia show solid performances in both the sale and rental markets in South Australia … |
New suburb planned for Adelaide’s north – Messenger News
New suburb planned for Adelaide’s north Messenger News The Waterview concept has been developed by Colin Martin, of Salisbury’s John Martin Real Estate. Mr Martin said construction could begin “within 12 months” … |
house prices to be hit by slowdown – The Australian
house prices to be hit by slowdown The Australian Adelaide and Darwin lead other capital cities in recording strong growth in the real estate market. But analysts warn that the rate of growth is slowing … |
Revive home buyer grants
Australian Finance Group figures released yesterday show sales of new mortgages in SA fell 13.8 per cent in July compared to June, and are down 19.9 per cent on July 2009.
SA recorded the largest monthly fall of the mainland states, while Queensland and WA performed worse over the year, posting 30.7 and 27.6 per cent declines in mortgage sales.
Nationally, sales of mortgages fell 9.1 per cent for the month and 15.1 per cent for the year.
Real Estate Institute of SA president Michael Brock said the significant yearly fall was reflective of the drop in demand from first-time buyers, after the first-homebuyers boost finished at the end of 2009.
“Without the boost those applications have now dropped away quite significantly,” Mr Brock said.
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“We at the institute would hope that the Federal Government and Opposition, in the lead-up to the election, would be reconsidering the first-homebuyers boost.”
The AFG figures show that first-time buyer mortgage applications have more than halved in SA over the past year.
Mr Brock said further stimulus would have flow-on effects to other industries, such as construction.
“One of the problems that we see is that once the schools projects (Building Education Revolution) finish, there will be a wane in the marketplace,” he said.
Toop & Toop managing director Anthony Toop said the upcoming federal election, a volatile stock market and concern over interest rates combined to create uncertainty in the market during July.
“Whenever there is uncertainty, there is always a lack of confidence,” he said.
Mr Toop said the drop in volumes had not affected prices, and predicted that the SA property market would bounce back quickly, with or without stimulus measures.
“Adelaide’s market is very stable, unlike some of what we are seeing in Melbourne, Sydney and Brisbane,” he said.
“We believe that the market is going to be very strong heading into spring.”
Real Estate Institute wants home buyer grants revived – Adelaidenow
Real Estate Institute wants home buyer grants revived Adelaidenow Real Estate Institute of SA president Michael Brock said the significant yearly fall was reflective of the drop in demand from first-time buyers, … |
Home buyers head for the Hills – Adelaidenow
Home buyers head for the Hills Adelaidenow Valuer-General and Real Estate Institute of South Australia figures show that five of the top 10 median price growth suburbs for the 2009/10 financial year … |
Real Estate Report – 19/07/10 – Finance News Network
Real Estate Report – 19/07/10 Finance News Network This week we focus on two suburbs in Adelaide. First up we take a look at the house market in the suburb of Magill, just over 8 kilometres east of … |
Alberton a real estate boom town
 Portside Messenger |
Alberton a real estate boom town
Portside Messenger The Real Estate Institute of SA says the median house price was $255000 in 2005 and is now $435000. Families especially are being attracted to Alberton with … |