HomeMate.com.au

Is the housing shortage real, or just a trumped up story to give home buyers the hurry up. I have changed my mind over the past two years. After repeating the story for years on my blogs of a growing housing shortage in Australia believing it to be true, I now believe it might have [...]

The Reserve Bank of Australia Board meets today to decide the fate of homeowners home loan rates, and whether to raise interest rates, or to leave them alone. Our tip is that homeowners and home buyers are safe. The RBA will not raise the official cash rate till the picture of the Australian and World [...]

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 [...]

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.

Master Builders Australia, the peak building and construction industry, has called on the banks to pass on in full the 100 basis point reduction in the cash rate by the central bank. The group said there is no case for the banks to withhold the benefits of lower interest rates to both households and builders. [...]

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.