housing market
Vic Govt shelves first home buyers bonus
VICTORIAN first home buyers have less than two months to take advantage of the first home owners grant which will not be renewed the Baillieu government after June 30. ... Full story
WA residential stands out
The NAB residential Property Index has risen to +5 points in March. Western Australia was the best performing state and is expected to out-perform over the next two years, whilst Victoria was the weakest. ... Full story
Dwelling commencements continue falling
THE total number of dwelling unit commencements fell 6.9% in the December quarter following a 5.8% decline in the September quarter, according to the Australian Bureau of Statistics. ... Full story
Residential sale stock stabilising
RESIDENTIAL property listings have remained steady during the month of February, according to SQM Research. ... Full story
Auction starts March on a good note
THE residential property auction market is showing signs of stabilising with the clearance rate hovering around the low 60% mark. ... Full story
Buyers borrowing more
MORTGAGE sales have reached the higher February on record, totalling $2.8 billion, according to mortgage broker AFG. At the same time, the average new home loan reached $400,000 for the first time. ... Full story
Peet takes a battering
RESIDENTIAL property developer and land syndicator Peet Limited has recorded a 61% drop in net profit after for the half year ended 31 December 2011 of $8.7 million. ... Full story
Auction clearance rates improves
THE residential property auction clearance rates in Melbourne and Sydney is improving, after a slow start. ... Full story
Mega city vision for Melbourne CBD
VICTORIA's Ballieu government has unveiled a bold vision to expand the Melbourne CBD district, to create a high density metropolis similar to New York City. ... Full story
Vendor activity picks up
THE residential property auction clearance rate in Melbourne fell below 60% last weekend, as the number of properties on the market doubled. ... Full story
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