The strong growth in dwelling prices has led to disproportionately larger hikes in the stamp duty bill for home buyers
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According to a new survey, two thirds of Aussies who want to buy investment properties want to acquire one in a capital city
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The fierce competition from first homebuyers, abetted by the interest rate drops and government incentives, has pushed property prices sometimes well above expectations lately.
East West Homes won the best display home in the 'up to $250,000' category in both of the country locations in which they were displayed.
Melbourne median house prices slipped 3.1% in the March quarter, with the market confidence shot down by a slowing economy, according to the Real Estate Institute of Victoria.
Sales of new homes climbed for the third consecutive month, reaching levels not seen in more than a year according to a new report.
Populations in Australia's major cities have continued to swell along the coasts, as regional areas continue to dwindle, a recent analysis shows.
If the latest slew of positive data is an indication, then the worst might be over for the one of the world's biggest economies.
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Private developers are snatching up prime vacant land across Sydney in anticipation of the second wave of first homebuyers according to Colliers International.
House prices in Perth rebounded in the March quarter, racking up a healthy 2% increase in median sale prices, according to the Real Estate Institute of Western Australia (REIWA).
Various economic pieces have fallen into place to make now an ideal time to invest in residential property - especially for current renters - said a real estate agency executive.
The sizes of backyards around homes in Australia's cities are getting smaller, as affordability and location become buyers' new priorities.
After a stint of inaction last month, the Reserve Bank swung back into gear today and lowered interest rates by 25 basis points to reach 3%. But while the move is likely to make existing mortgage holders happy about their lower payments, it may have limited results in stimulating more demand in the housing market, said an expert.
Property investors who buy now in Queensland will have timed themselves into making major gains in the next couple of years, according to an investment report out this week.
With demand already outstripping supply in many areas, the housing shortage could grow even more in coming years in certain states.
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