Tag: Housing

In a recent report released by KPMG Australia, the nation’s property landscape is poised for substantial transformations over the coming years.

Real estate is a very competitive field, and beginners need to have a thorough understanding of what they are getting themselves into in order to make smart investments.

Most of the upswing in consumer confidence that came as a result of the Government’s Budget has been reversed this week, according to the latest ANZ-Roy Morgan Consumer Confidence findings.

6.8 per cent of Australians (1.3 million) have shown intention to buy or build property in the next year, amounting to a forecast of approximately half a million homes to change owners or to be built.

Housing affordability in Australia is close to record lows according to the HIA-CBA Housing Affordability Report for the June quarter 2010.

Shopping centre manager and developer Lend Lease delivered an increase in profits of 5.2 percent to $323.6 million for the year ending 30 June as the company fills out its development pipeline.

Regulation of the housing market is seen as the “next logical step” by Australian Securities and Investments Commission chief economist Alex Erskine as the watchdog claws for power.

Housing affordability has continued to worsen over the past year, with first home buyers needing on average 4.5 years to save for a house deposit, up from 3.7 years, and many forced to save for over a decade.

Ray White CBD Residential has acquired inner city rental business Marshall of Brisbane CBD Pty Ltd, expanding its foothold in the inner city residential rental market.

New South Wales is the first state government in Australia to introduce zero percent stamp duty, but with limitations and a two year trial period.