Mortgage sales continue decline

MORTGAGE sales continued to fall during June, according to AFG.

NZ housing fall for 11th month

NEW housing consents issued, excluding apartments, have fallen to 1,548 units in May 2008 – continuing the downward trend since June 2007.

Private sector approvals continue fall

CONTINUED decline in private sector housing coupled with falls in the volatile apartments sector has weakened dwellings approvals in May, according to the Australian Bureau of Statistics.

Trafalgar breaks away from Elm

TRAFALGAR has sold its remaining 50% stake in Elm, a $160 million residential high rise development in Southbank, Melbourne to joint venture partner Fridcorp Group.

New home sales keep falling

NEW home sales have continued to fell in May following a steady month in April, according to a survey of the nation’s top 100 builders.

Housing credit slowest growth in 17 years

HOUSING credit growth has fallen to an all time low, rising 10.6% over the 12 months to May – the slowest growth since August 1991, according to the Reserve Bank.

Melbourne end June on new low

MELBOURNE residential property auctions sales topped just $57.9 million last Saturday, according to Australian Property Monitors Home Price.

Adelaide ease vacancy squeeze

AN expected slight increase in supply has marginally offset demand for rental properties in Adelaide, resulting in vacancy rates improving to 1.68% in May.