Tag Archives: House prices

Will cheap homes go lower after the first home owners grant extension lapses?

Whist first home buyers loans increased by $20,000 in this period, it was a case of many buying a better property, or bulding a bigger new home, not prices increasing as has been suggested.

Australia’s housing market slumps worst in Melbourne but not as bad as expected

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 [...]

Prime Gold Coast ocean beachfront home loses $5.5 million value in months

Selling your home? A small quick profit is a good profit when selling. Last year a Gold Coast couple refused an offer of $14.5 million for their beachfront home development site. Last week they had to let it go for $9 million at auction as the financial crisis bites. The house on the Gold Coast’s [...]

Will Coastal Towns be the next property hotspots in Australia

Coastal towns from Tully in Queensland to Upper Burnie in Tasmania are tipped to be among next year’s property hotspots, as house prices in capital cities experience modest falls and upmarket property languishes under the strain of the financial crisis. In its final property pulse report of the year, RP Data says it expects first-home [...]