Melbourne:
The top 20% of postcodes have recorded value growth of 16.9% during 2009 as has the middle market whilst the lower end recorded growth of 12.3%.
By Kevin Eddy | 11 Aug 2010
Both political parties have ruled out the abolition of negative gearing following the federal election.
Both Treasurer Wayne Swan and Shadow Treasurer Joe Hockey assured attendees at a debate at the Canberra Press Club that neither would clamp down on negative gearing on property investment.
The recent slump in residential construction activity could result in a future housing bubble, RP Data’s chief executive officer Graham Mirabito has said.
Mr Mirabito told Real Estate Business, an online real estate news forum, that Australia currently faces a critical housing shortage that can only be resolved with government and council funding. Continue reading ‘The 2015 housing problem… Fortunately we are landlords today…’
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.
Continue reading ‘HOUSING affordability has quickly returned to pre-GFC levels.’