March 5th, 2010
According to the Rismark December Quarter National Account, the average Australian home prices across all metro and non-metro regions (including all property types) are 4.6 times average disposable household incomes — higher than the home price-to-income ratio in March 2003 of 4.4 times. Read the rest of this entry »
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November 18th, 2009
THE number of households facing potential foreclosure has continued to increase in October and first home buyers are particularly worried about rising interest rates.
According to Fujitsu Australia’s leading October 2009 Mortgage Stress-O-Meter monthly update, severely stressed households (those facing a potential sale or foreclosure) rose by a further 7%. Fujitu’s executive director Martin North attributed the increase to the short...
Tags: Interest Rates, Property, Rental Increase
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October 13th, 2009
DIRECT property investments continue to deliver the most stable returns to investors despite the volatility in the marketplace over the past two years, according to a report.
The Australian Direct Property Investment Association Investment Performance Report, compiled by Atchison Consultants, found the sector’s returns were 10.1% over 10 years and 6.9% over the past 20 years.
It also provided income returns of 6.7% per annum over...
Tags: Direct Property investment
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July 8th, 2009
AUSTRALIA’S construction industry has continued to decline due to the volatile apartment sector, according to the Australian PCI Index.
The index fell 4.3 points to 42.6 in June — this 7.2 points below the index reading for May, pointing to a faster rate of contraction in industry activity.
The Ai Group associate director of economics and research Tony Pensabene said the result also reflects the recent up and down nature of...
Tags: Melbourne, property investment, rental
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