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…
The last month of the first quarter of 2011 has seen a rise in Australian residential building approvals of a seasonally adjusted 9.1 per cent to 13,627 units in March. This positive development is a sure step towards a positive improvement from an upwardly revised 12,492 units in February.
This means that house builders or home builders are now quite busy building display homes and have increased the number of house and land package available in the market. more…
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…
According to the Australian Bureau of Statistics (ABS), the house price index of eight capital cities have fallen 2.1 per cent in the first quarter of 2011 compared with an upwardly revised 0.8 per cent increase in the house price index for the December quarter.
Brisbane, Perth, and Darwin have suffered the biggest declines.
The fall was said to be the biggest since the financial crisis of September quarter of 2008.
Property analyst RP Data-Rismark’s report has discovered that the March capital city houses for sale prices were relatively flat as compared with the month of February, which has fallen with just 0.2 per cent, though house prices were down 0.6 per cent from a year earlier. The report pointed to a cooling in the housing market. more…
In has been in the news lately that Australian residential land sales is down 40 per cent. It has reached their lowest level in a decade after almost halving from a year earlier.
A deteriorating house for sale affordability is being experienced in Australia recently. It has been a weak year for house plan building. more…
