19 December 2008
Auction Results - 6 months in review
Below are the Auction results of the last 6 months in the capital cities. ...

18 December 2008

2009 Outlook This is weekend signifies the end of major auction activity for the year and with it the end of what has been a volatile year for the residential property market. Throughout the year a number of trends have emerged that look set to continue in 2009. The REIV’s forecast for 2009 is that homes valued between $350,000 - $500,000 will attract strong demand and achieve m...

11 December 2008

Hollywood comedy Duplex , starring Ben Stiller and Drew Barrymore, is a modern-day fable about the potential horrors awaiting the unsuspecting first-home buyer. Like many such movies over the years, it offers salutary lessons to property-market newcomers — lessons like: if it looks too good to be true, it probably is; don't over extend; budget carefully, particularly if renovating...

02 December 2008
Christmas comes early with rate cut
The Reserve Bank of Australia (RBA) today has slashed interest rates yet again, this time by a full percentage point. The fourth consecutive drop takes the official interest rate from 5.25 to 4.25 percent. CommSec's chief economist Craig James says that the 100-point cut today means the official rate has fallen by 300 points in just four months. After the last rate cut, analysts predicte...

24 November 2008
Rates tipped at 1960 levels by Easter
Official interest rates could fall to the lowest level since early 1960 by Easter next year, helped by a massive pre-Christmas rate cut by the central bank. Debt futures markets currently expect the overnight cash interest rate, which is targeted by the Reserve Bank of Australia (RBA) in its monetary policy decisions, to fall to 2.75% by April 2009, from 5.25% at present. In January 1960,...

21 November 2008
Two, three and four bedroom houses in Melbournes west dominate top 10
The REIV has for the first time analysed median prices for homes in Melbourne according to the number of bedrooms and geographic region. "The analysis shows that the strongest growth in the September quarter was in three bedroom houses in the inner city and south east and in two bedroom homes in the west. "It is clear that in a number of segments of the market capital growth can...

11 November 2008
Nation's house prices 'heading south'
A FURTHER weakening of economic growth would cancel the benefits of more affordable residential property made possible by recent interest rates cuts, an economist says. A drop in property prices in the three months to September was largely the result of high interest rates before the Reserve Bank began its latest round of rate cuts, Australian Property Monitors (APM) senior economist Liam O'H...

05 November 2008
Further Australian interest rate cuts tipped
Australian economists are forecasting another official interest rate cut before Christmas. The forecast follows yesterday's surprise move by the Reserve Bank to cut interest rates by three quarters of a percentage point. Economists were only expecting the official rate to fall half-of-a-percentage-point, but the Reserve Bank delivered a three-quarters-of-a-percentage-point cut. The bank says ...

03 November 2008
About Melbourne
  About Melbourne   There is much to love about Melbourne . Just ask the locals. This sophisticated world city in the south-east corner of mainland Australia inspires a deep passion in those lucky enough to live here. Melburnians love the city's vibrant energy, staggering choice of restaurants, funky boutiques, café-filled l...

25 October 2008
REIV analysis reveals substantial auction clearance rate variations
We have seen the continuing uncertainty in global economic conditions impacting on the equities market, financial market, superannuation funds, and general confidence levels in the community. The residential property market is fairly resilient but is not immune from what is happening in the economy. Over the past few weeks we have seen or heard on a daily basis numerous predictions about the ...

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