housing market

Plenty of growth in AVJ - analyst

RESIDENTIAL developer AVJennings remains upbeat about the future of Australia's property market despite a write down of between $32 million - $37 million that will impact upon its 2011/12 annual results. ... Full story

RBA dispels house prices myth

HOUSE prices are not a sure bet, according to Reserve Bank Governor Glenn Stevens, who said it is a "very dangerous" idea that prices cannot fall, and that a property crash "couldn't happen" in Australia. ... Full story

House prices, is the crash upon us?

OPINION: AUSTRALAN housing is still overvalued, leaving it, banks and the broader economy somewhat vulnerable. Undersupply provides some support but the two key threats are a Chinese hard landing and selling by investors. ... Full story

Apartments sector boosts building approval

RESIDENTIAL building approvals surged by 27.3% in May, underpinned by a 58.3% jump in the volatile apartment and townhouse sectors, according to the Australian Bureau of Statistics. ... Full story

Borrowers rush to refinance as rates fall

BORROWERS are taking advantage of the lower lending rates, according to AFG, Australia’s largest mortgage broker. ... Full story

WA gov dangles 1.5bn carrot in front of developers

THE Barnett government is calling on the private sector to step right up and bid for seven new residential developments worth in excess of $1.5 billion. ... Full story

Residential property improving but at different pace

FUNDAMENTALS are favouring an improvement in the residential property market, but only New South Wales and the resources rich states of Western Australia, Queensland and Northern Territory will benefit, according to BIS Shrapnel. ... Full story

Devine writes down property assets

PROPERTY developer Devine Limited is expecting to write down $30-35 million from the value of its assets and investments and at the same time forecast a pre-tax operating profit of $16-$18 million for the FY12. ... Full story

Melbourne auction slips but Sydney remains consistent

MELBOURNE's residential property auction market has not bottomed out, the clearance rates last weekend fell to 56%. ... Full story

Melbourne loosens belt further

VICTORIAN Planning Minister Matthew Guy has approved six new suburbs at Diggers Rest, Lockerbie, Lockerbie North, Manor Lakes, Merrifield West and Rockbank North. ... Full story

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