Posts Tagged ‘ Australia ’

Australian Housing Market Continues to Slow

Oct 13th, 2008 | By RT Staff | Category: International Realty

The Real Estate institute of Western Australia (REIWA) says Perth’s housing market is continuing to slow with the median house price dropping by four per cent in the September quarter.
The president of REIWA, Rob Druitt, says the median price fell from $445,000 in June to $426,000.
The average number of days it takes to sell a [...]



Australia’s Real Estate Market Welcomes the Surprise Interest Rate Cut

Oct 7th, 2008 | By RT Staff | Category: International Realty

Australian real estate experts welcomed the surprise interest rate cut, saying it should stimulate the market.
Real Estate Institute of Victoria chief executive Enzo Raimondo expects the market to lift within weeks.
“We may see the effects in the next two to three weeks as it starts to build confidence in the community,” he said.
“Those that have [...]



Agents remain hopeful over Australia real estate market

Oct 2nd, 2008 | By RT Staff | Category: International Realty

THE weekend after the AFL Grand Final is typically a bumper one for the real estate market – and agents say they expect no less, despite a week plagued by share price turmoil and interest rate uncertainty.
Real Estate Institute of Victoria chief executive Enzo Raimondo said there was no indication the financial volatility has scared [...]



Rent or Buy, Families Hit a Brick Wall

Jul 26th, 2008 | By RT Staff | Category: International Realty

SYDNEYSIDERS are caught in a bind as rising interest rates push more people into mortgage stress at the same time as the rental squeeze makes it impossible for people in some suburbs to find rental accommodation. Young families are particularly exposed.
A million households, or 15 per cent of all home-loan borrowers, could be in mortgage [...]