Real Estate, Property News
and Media Releases

Keep informed with the following up-to-date Real Estate News, Property News and Media Releases.

'Supply Constraints, Stamp Duty the major impediments to Housing Affordability'

The Senate Committee on Housing Affordability has produced a well-argued report on many of the issues driving housing affordability problems in Australia, says REIA President Noel Dyett. Both demand and supply factors have driven the nation-wide deterioration in housing affordability, both for purchasers and renters. Many of the recommendations made by the Senate Committee are sensible proposals which should be considered in the development of a holistic response to the issue by all three levels of Government...
More...

Real Estate Institute of Australia, Media, Media Releases, 17th June, 2008

'Inflation Pressures and Pain for Home Buyers'

The decision by the Reserve Bank (RBA) to raise interest rates is no surprise. Nor is the increased pain for home buyers,’ says Noel Dyett, REIA President. ‘Inflation is one threat, particularly in an international environment where the United States looks set to experience an economic downturn which will undoubtedly affect the Australian economy. The end result of today’s decision, however, is an increased burden for those already in debt and pain for would-be buyers, many of whom are already struggling... More...

Real Estate Institute of Qld,
Media Releases, 5th February, 2008

'Units Record Double Digit Growth'

With median house prices in many parts of Queensland now more than $400,000, it is still possible to buy a unit or townhouse for less than $250,000 in one third of the State's major centres.

And Real Estate Institute of Queensland (REIQ) figures released today show that this segment of the residential property market is continuing to perform well with double digit percentage growth recorded in many parts of the State...

More...

Real Estate Institute of Qld,
Media Releases, 10th January, 2008

'Housing prices continue to move upwards'

Prices for houses and other dwellings across much of Australia are moving upwards, according to September quarter price data released today by the REIA. There are two distinct markets emerging in Australia. In the first home buyer market, declining affordability is having a major impact and buyer numbers have fallen, with first home buyer loans only representing 17.7% of total loans in September, compared with the longer term average of 20%. There is a second healthier market for established buyers who are able to leverage equity and higher incomes to cope with the increasing median prices for both houses and other dwellings, says Noel Dyett, REIA President...

More...

Real Estate Institute of Australia,
Media, Media Releases, 22nd November, 2007

'Doors Close on Aspiring Home Buyers'

Today’s interest rate rise will close the doors on many aspiring home buyers,’ says Graham Joyce, REIA President. The extra $60 per month to meet average home loan repayments as a result of the interest rate increase will push affordability to its lowest level since 1985 when the REIA began recording affordability data. The increase will mean that 37.7% of median weekly family income will now be required to service the average new home loan, taken out by all home buyers, not just those buying their first home. This does not include people refinancing their homes. The other highest peak was in September and December 1989 when 36.4% was required to meet average loan repayments on new loans... More

Real Estate Institute of Australia, Media, Media Releases, 7th November, 2007

Return from Real Estate, Property News & Media Releases
to
Home Page