HomeMate.com.au

To keep interests low and to provide affordable housing, Australia has to make it a priority to develop residential land, and to build homes to an over supply situation. That will have to mean developing new more efficient methods of developing land and building homes.

For the last ten years any home with a view, a chink of water, a canal block or night city lights gained in value faster than the average home.

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

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 [...]