housing market

Industry really needed this rate cut

THE latest interest rate cut to the historical low levels of 2.75% will have an enormous impact on both the property market and retail trade. ... Full story

Vic govt rejig home buyers grant

THE Victorian government has changed the first home owners grant, increasing the amount for newly constructed homes from $7,000 to $10,000. However first home buyers of established properties will no longer be eligible. ... Full story

Lack of incentives deter first home buyers

DEMAND for home loans has continued to strengthen. However the housing market recovery remains patchy as first home buyers activity fell in February, according to the Australian Bureau of Statistics. ... Full story

Residential property auction market wrap up

THE residential property auction market ran hot last weekend with the clearance in Melbourne and Sydney exceeding 70%. ... Full story

Borrowers fix rates as RBA confidence improves

DEMAND for fixed rates home loans has continued to increase as borrowers believe the current interest rate cycle is at the bottom and are unlikely to go lower. ... Full story

Brickworks predicts recovery in three states

BUILDING products manufacturer Brickworks said there is anecdotal evidence that a strong uplift in residential housing activity will occur New South Wales, Western Australia and South Australia. ... Full story

Bleak period ahead for Victorian building sector

DESPITE the Victorian government approving significant projects in the state, the building sector will have its last hurrah in 2013, moving from moderately undersupply to oversupply of dwellings in some markets, according to BIS Shrapnel. ... Full story

Green shoots emerge for Victorian housing

GREEN shoots are emerging in Victoria’s real estate market as it embarks on a tempered but sustained upswing, according to the Australian Property Institute Victorian division. ... Full story

Industry gives NSW housing plan the thumbs up

THE property industry has welcome the NSW government's new housing program announced over the weekend. ... Full story

NSW gets 170k dwellings injection

THE O'Farrell government is resuscitating Sydney's housing market by unveiled plans to release more than 170,000 new homes. ... Full story

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