HomeMate.com.au

Australia’s housing market is showing signs of strong activity, spurred on mainly by bargain hunters and first-home buyers as sellers become desperate.

As new home project builders trim back their operations, and developers go into bankruptcy, some builders have their order books full because they have made a trend their friend.

Iconic Australian residential home builder and developer AV Jennings has recently made a $10 million first-half loss that could hasten the de-listing of the property giant.

New First Home Buyers incentive hurts second home buyers. Queensland general manager of Brisbane-based developer Devine Homes, Paul Nash, said second-home buyer demand has been sluggish, but when the $21,000 first-home owner’s grant was introduced in October, there was a pickup in first-home owner inquiry. First Home buyers charge petering out “We had a spike, [...]

Australia’s house price slump has been patchy, with Adelaide recording a gain in values, and Melbourne bringing up the rear as far as house price values are concerned. Melbourne led the nation in the drop in house prices over the past quarter. Melbourne property values did the worst in the nation, with house prices sinking [...]