Australia has been known to have the largest dwellings in the world and these houses are noted to be of high quality, with the average Australian house estimated at 214 square meters.
Now, the sizes of Australian houses have shrunk as potential home buyers are being offered new house and land packages that is a quarter the size than what was supposed to be before.
The shrinkage is blamed on the changing household preferences. more…
According to data from the global survey by mortgage insurer Genworth that was in the news lately, Australian homeowners are among the most indebted in the world.
The survey’s respondents were home owners and aspiring first homebuyers in eight countries namely Australia, Canada, India, Ireland, Italy, Mexico, the United Kingdom and the United States.
Though the Australian homeowners are amongst the most indebted people in the world, however the data of the new research shows that most Australian homeowners had no trouble in meeting monthly repayments on their mortgage in the last year. more…
AUSTRALIA’S construction industry has stalled, which shows a high vulnerability to a hike in interest rate.
Just recently in the news, it has been shown in a report that Australia’s construction industry has shrunk for the 12th consecutive month.
According to a survey, house-building activity has fallen for the twelfth consecutive month and now is vulnerable to further interest rate hikes.
House builders look to be threatened with a hike in interest rates as its house-building activity has stalled. more…
With the spiraling energy prices, new regulations and a coming price on carbon, Australia’s property owners, managers and listed property trusts are now forced to look seriously at their energy usage and levels of investment into energy efficiency solutions.
The increasing prices in energy and water have also forced potential home designs buyers to look into the benefits of buying green houses.
As defined by Wikipedia, “a Green home is a type of house that is designed to be environmentally friendly and sustainable, focusing on the efficient use of “energy, water, and building materials.”” more…
As Australia’s housing market remains locked in the doldrums, its new home sales are at its slowest pace this year in April.
A survey shows that Australia’s new home sales are flat and are showing signs of dropping to levels seen throughout the global financial crisis.
The number of new houses for sale in Australia sold edged up by a seasonally adjusted 0.2 per cent in April to just 11,000, according to the latest Housing Industry Association-JELD-WEN New Home Sales Report. The said sales is seen to be the weakest since sales shrank in the final two months of 2010 at less than the 4.3 per cent increase reported for March. more…
