News Archive
House rental growth minimal nationally but some areas stand out
03 September 2010
The rental market has been sluggish in terms of growth over the last year, however not all regions around Australia have seen weekly rents remain flat. In this week’s Property Pulse we focus on house rents, looking at the best and worst suburbs for rental rate gains over the year to June 2010 RP Data recently reported in our Quarterly Rental Review for June 2010 that across the ... read news item »
Units outperform houses
13 August 2010
The results of the RP Data-Rismark Home Value Index for June showed that the unit market has outperformed houses over the last 12 months and during the last five years. Historically, houses have enjoyed a much more rapid appreciation in value than the growth recorded by units. There are a number of reasons for this more rapid level of growth: greater demand for houses, diminishing ava... read news item »
Industry Market Wrap
09 July 2010
The Reserve Bank of Australia (RBA) decided to leave official interest rates unchanged this week following their monthly board meeting. The result being that the average standard variable interest rate remains at the current level of 7.4%. In their statement, the RBA Governor highlighted that, “the global economy has continued to expand over recent months, consistent with a trend pace of ... read news item »
How much leverage do buyers have?
16 June 2010
With conditions in the residential market slowing substantially during April, we examine the level of vendor discounting apparent nationally and across each of the capitals. Vendor discounting is a measure of the difference between the price that a property is initially listed for compared to the price at which it ultimately... read news item »
Median prices and what they represent
21 May 2010
The median selling price is a widely quoted statistic that is used to provide a measure of housing prices around Australia. In this week’s Property Pulse we provide an insight into the suburbs across each capital city that are most representative of the broader capital city median. There are a number of different median prices which can be used whether it be based on a variation ... read news item »
Aussie Home values up 1.4 per cent in March; 4.2 per cent over quarter
30 April 2010
The RP Data – Rismark March Hedonic Home Value Index results released today reveals that home values in Australia’s capital cities rose by a sprightly 1.4 per cent in March (and a still healthy +1.1 per cent on a “seasonally adjusted” basis**) following on from similarly strong 1.7 per cent and 1.1 per cent growth rates across Australia in the months of January and Februar... read news item »
National Home Value Index Release
31 March 2010
City home values continue to climb despite rate rises... while growth in non-capital city markets much slower Based on the RP Data - Rismark February Hedonic Home Value Index results released today, dwelling values in Australia’s capital cities continued to rise by 1.4 per cent over the month following on from 2.0 per cent growth in January. In the 12 months to end February, Austral... read news item »
Population breaks the 22 million mark
26 March 2010
Australia’s ongoing population boom is creating opportunities as well as challenges. During the September quarter Australia’s residential population broke the 22 million mark. Fuelled by one of the highest population growth rates in the Western world, the number of Australian permanent residents was estimated to be 22,065,671 persons; 451,876 more than at the same ti... read news item »
Most expensive properties are the best performers nationally
12 February 2010
Despite the fact dwelling values climbed 11.1% during 2009 the story was much different across different price points and markets, with more expensive properties generally seeing the strongest growth. During 2009 the residential property market rebounded well following a peak to trough fall in property values of 3.8% between February 2008 and December 2008. On a national basis, ... read news item »
Rental property: the omens are good for 2010
31 December 2009
Listen up, investors: the omens are good for rental markets With residential property prices around the country on the rise, some real-estate investors are wondering if they have missed the boat. “I have been considering investing in a unit for about 12 months,” writes Kate, “but I thought prices would fall significantly due to the global economic crisis, and they didn&rsq... read news item »