HomeMate.com.au

The housing shortage in Queensland, the cost of land, and the cost of providing utilities and infrastructure to fringe suburban developments will mean that we will see a lot of smaller lot sizes, on sloping land and that means a lot of better and new home designs to meet these challenges.

The housing market is going nowhere, and this is affecting new home sales as people shelve their plans to build a new home, that was to be financed from the sale of their existing home.
It looks like this situation will continue as home prices are under pressure to fall further in 2011.

Jobs will determine how well the housing sector rides out the financial turmoil, according to Housing Industry of Australia. Falling interest rates and increased grants have helped boost interest in buying a new home but fear of losing their job has kept many buyers waiting in the wings. Melissa Ketchell’s Public Property blogMr Dale told [...]

Mr Mortgage says that lower future homeownership levels are seen as part of a trend that he feels can be reversed if the root causes are addressed.
What has to happen is that the dream of homeownership needs to be resold to an older first home buyer that is now entering the market, and entry needs to be made easier.

Most first time home buyers are not aware that they will buy many homes during their lifetimes, and that’s because our needs and our wants are constantly changing. We do get better at the process with experience, but that doesn’t mean you don’t need assistance after your first couple of home buys are behind you.

The Reserve Bank board has left the official cash rate unchanged at 4.5 per cent,

As Mr Mortgage predicted earlier, the official cash rate has been left unchanged, with the decision announced moments ago.

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