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Emigrate to Australia is becoming more affordable as the housing boom slows leading to more realistic prices of houses and apartments. Property prices in Sydney, Melbourne and Canberra have increased but far from the level seen at the peak of the housing boom. Sydney property prices rose by less than 4 per cent over the past three months. Melbourne home prices increased by 3.4 per cent and prices in Canberra have increased by one per…
Costs involved in emigrating to Australia will continue to fall with industry observers predicting that apartment prices in capital cities could fall up to per cent over the next two years. Rental rates fell across the combined capital cities during August with the exception of Melbourne, Darwin and Canberra. The cost of renting declined by 0.3 per cent compared to the previous month and falls are set to continue as overall housing supply grows in…
Moving to Australia is made easier by this week’s Reserve Bank decision not to increase interest rates which remain the same at 1.5 per cent. And new housing affordability data shows the proportion of average family income needed to meet average mortgage payments was 29.4 per cent, the best level since June 2009. Good news also includes data that shows a rise in average household income across the country. Most states and territories saw improvements…
Moving to Australia: Before the auction attend as many events as you can so you are familiar with the process before bidding for the property you want to buy. This will help you to feel more confident when it comes to bid on the property you want. If you don’t feel confident in bidding yourself, you could ask a friend or relative to bid for you, or you could use a professional buying agent. Ask…
Anyone who bought a property after emigrating to Australia has doubled their money many times over since 1980. A survey of house prices over the past 36 years reveals that Australia’s major capital cities have experienced similarities in average house price growth. The figures show that house prices in all capitals have increased in value by at least 1,100 per cent. Figures from the Real Estate Institute of Australia show that house prices in Darwin…
Sydney property market is seeing auction sales at their highest for 14 months Over 84 per cent of properties listed for sale by auction in the past week have found a buyer, the highest since June 2014 when 88.7 per cent of listed properties were sold at auction. A total of 654 properties were listed for sale by auction across Sydney this week, an increase from 635 the previous week. At the same time in 2015,…
Emigrating to Australia: the cost of apartment in inner Brisbane could fall by as much as 25 per cent over the next 12 months. That’s the view of a top academic at Queensland University who says that falling numbers of Asian investors and buyers will cause the slump in prices. New laws introduced by the Chinese government are making it increasingly difficult for buyers to take their money out of China. Hollywood actress Cate Blanchett…
Perth property: in the past three months home values across the city fell by 4.3 per cent and are 5.6 per cent lower over the past year. Property prices reached a peak in December 2014 but have since fallen by 8.3 per cent. The cost of buying a home in Sydney has risen by 9.3 per cent since 2014 while prices in Melbourne are up by 6.9 per cent and Adelaide by 5.2 per cent….
Emigrate to Australia – Sydney and Melbourne have seen growth fall back below 10 per cent. Prices increased by 9.1 per cent and 7.5 per cent respectively over the past twelve months, according to CoreLogic. The figures show the strength of Sydney and Melbourne growth with property values across the two biggest capitals recording increases to date of 61.3 per cent and 42.0 per cent respectively. Perth property prices fell by 4.3 per cent over…
Moving to Australia: house prices have risen greatly in the past five years, driven mainly by growth in Sydney and Melbourne. In most other capital cities property price growth has been more subdued. In 2008 Australia’s combined capital city housing markets fell with property prices declining by 6.1 per cent. From December 2008 to October 2010 combined capital city home values increased by 21.8 percent. From December 2008 to October 2010 property values increased in…
