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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US home prices have gone so low that more buyers are getting back into the market, the latest figures show.
Australia's population grew by 1.84% to 21,542,000 over the 12 months to September 2008 - the fastest pace in nearly four decades.
In the current economic climate it is natural for residential property buyers and investors to have fears. They worry about the length and depth of the economic decline. They worry about job stability. They worry that property is not affordable or that if they buy, prices may fall further. They worry about interest rates.
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While the outlook remains uncertain, Australia's property market showed signs of stabilising, according to a new report.
Often overshadowed by the larger capital city housing markets, the regional areas of Australia can also present good investment opportunities, said RP Data.
After years of being overshadowed by the local economies and housing markets in faster-growing parts of the country, New South Wales is now in the best position to weather the global financial crisis, said a leading economist last week.
The record low interest rates have considerably changed the dynamics of property investment in Australia
Undeterred by the looming recession and threat of rising unemployment, first homebuyers led the strong recovery in mortgage sales in February, according to a new report.
With fewer buyers interested in higher-priced homes, many vendors are now pulling their properties off the market rather than drop their price.
Fewer Australians are buying luxury homes in Australia as demand has shifted to the lower end, dominated by first homebuyers.
Despite having its reputation as one of the most expensive cities to live in, Sydney has more affordable properties compared to the other capital cities in the country.
Melbourne's median house price climbed by 3.1% in 2008, thanks to the strong demand in the lower-tier of the market according to a new report.
The worsening global economic conditions have prompted the Reserve Bank of Australia to slash the official cash rates by 0.25% to 3% to help stimulate the local economy.
Investors looking for the best suburbs to invest in for growth opportunities should consider Melbourne's Dandenong, Glenroy, Frankston and Epping, according to a property valuer.
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