The Australia housing market correction is happening

The housing market in Australia is making a very controlled exit from the strong growth conditions of 2009/10 and now the correction phase of the cycle is coming. Australia’s housing market remained flat with prices falling 0.6 per cent nationally, according to the latest Australian Property Monitors’ March quarter house price index. Sydney prices fell …

Will you sell or hold when house prices are flat?

Property investors largely rely on capital growth for their returns and so if the perception is that housing prices have peaked and will remain flat, the sentiment shift could trigger the sale of properties, which will drive down prices.¬†Will this happen? According to the latest Investor Pulse survey conducted by Business Day and Colmar Brunton …

Property prices went up by 30% to 92% in the past 5 years across capital cities

Sydney property prices went up by 30% while Darwin house prices increased by 92% and prices in Melbourne rose 61% in the past 5 years. Hobart had median price increases of 31% in the five years to the end of September 2010, RP Data’s property pulse report showed. Across Australia combined property values increased by …

Average 233% return on investment property in Sydney 1993-2010

Property investors can achieve an average 233% return on investment property in Sydney if they buy in 1993 and hold the property to 2010. Sydney’s median house price rose 233 per cent between the June quarter of 1993 and the June quarter of 2010, from $188,050 to $626,444, according to the latest housing price figures …

Property bubble? 24% overvalued prices? – This is the best study on Australian property market!

There is no property bubble, but property prices are more than 24% overvalued. According to an article from SmartCompnay, Goldman Sachs’ chief economist Tim Toohey has made an extremely valuable contribution to the Australia property bubble debate. In his recently released comprehensive report, A Study On Australian Housing: Uniquely Positioned Or A Bubble?, he took …

Which house price you should trust: median price or average price?

You might often hear median price and average house price. What is the difference between median price and average price? Which one you should use as a reference when you want to purchase properties? Difference between median price and average price Averaging adds up property prices in a list and divides by the number of …

Earning more than $80,000 a year and seek help with mortgage repayments?

There is a news on Yahoo saying “many people earning more than $80,000 a year are seeking help with mortgage repayments” from Welfare group Lifeline. I think this is just ridiculous – I don’t mean the housing prices. I mean the people who earn more than $80k and seek help with home loan repayments. Did …