Archive for the Category »Homes for Sale «

Local Property Market woes China

After the the key interest rates hiked in May to 4.75% by the Reserve Bank of Australia (RBA), the housing market of Australia is said to be weakening. According to the Australian Bureau of Statistics (Austats), its Q4 2010 official data is expected to confirm the said softening of the houses for sale prices.

Property market blogs and forums as well as the newspapers have been full of stories of the softening of the property market of Australia. For instance, its lowering of sales and diminishing homebuyer confidence. more…

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Would-be Buyers denied chance to Buy Flooded Properties

It has been in the news recently that the banks in Australia are refusing to finance loans to people who are interested to buy flooded homes. Banks are snubbing and refusing to finance loans of shrewd would be buyers who are desperate to snap up a bargain in the post-flood Ipswich property market.

According to Brett McGrath, the Herron Todd White senior valuer, in spite of the recorded 3300 homes being written off and the 1700 house plans designs needing repair which were all affected by January’s disaster, there are still plenty of shrewd and desperate buyers who want to purchase these damaged and flooded houses. more…

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First-Home Buyers are taking Over Investors

With the increasing number of first-home buyers snatching up apartments and townhouses that may otherwise have been bought by investors, first-home buyers are now acquiring the benefits brought about by the sluggish Perth housing market.

According to the Real Estate Institute of WA, investors had lost interest in buying house & land packages due to the city’s over-priced properties; thus, decreasing competition and forcing down prices of house plans designs, particularly for multi-residential properties which usually attract investors. more…

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On Winter’s Eve, Sellers Must Meet The Market

Australia’s display home vendors are facing a weakening winter demand if they are not prepared to meet the market with the stock levels slowly increasing over the next few weeks.

With the recorded rise in Australian residential building approvals seen in the last month of the first quarter of 2011, home builders have been quite busy constructing units in support of these increased building approvals. more…

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New Home Sales Up 4.3 percent in March – study

Lately, it has been in the wire that the sales of new houses for sale in Australia have increased by 4.3 percent in March. This recent development is good news for the home builders who are offering house and land package.

Boosted up by the solid gains in detached house sales due to the increase demand for detached houses in March, the number of new homes sold all over Australia has increased for the third consecutive month. more…

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