Over the first quarter of the year, 9.8% of properties nationally sold for less than their previous purchase price meaning 90.2% of properties sold at or above their previous purchase price.
The challenge now is how can you deliver affordable housing for younger Australian’s without bringing down the cost of existing housing which politically and economically would be detrimental to the overall health of the Australian economy.
A recent speech by the Reserve Bank's Luci Ellis highlighted why housing demand is greatest in inner-city areas and why so many Australians want (need) to live in a capital city.
Home values, particularly in Sydney and Melbourne, are growing at a rapid pace but as values rise affordability pressures are likely to see housing demand fall away.
This week’s RP Data Property Pulse delves into the 2011-12 taxation statistics which were released by the Australian Tax Office (ATO) last week. Specifically we are going to look at property investment.
Recently released data from the Australian Bureau of Statistics (ABS) shows that to June 2013 the rate of population growth in capital cities was significantly greater than that of regional markets.
Overseas migrants show a preference for New South Wales and Victoria while interstate migration has levelled since the peak in commodity prices.