2007 has been one of the strongest years for sellers on record. Not only did demand increase but so did the number of auctions. There were 30 per cent more auctions than last year with 29,718 Melbourne homes auctioned.
Real Estate
Real Estate
Strong Demand Drives Up Melbourne Property Prices
New South Wales: Rental laws revised to woo new Investment
Tenants in New South Wales, Australia face swift eviction if they fall behind in their rent under the first big overhaul of New South Wales’s tenancy laws in 20 years. With the rental vacancy rate in Sydney just 1.5 per cent, the State Government is introducing changes to try and lure more investors into the [...]
Australia says Farewell to the quarter-acre Backyard
It used to be every Australian’s dream to own a house on a quarter-acre block in the suburbs, surrounded by a white picket fence, with a big yard containing a swimming pool and barbecue area. Families lived outdoors for much of the year, eating, playing and entertaining. But the backyard, an icon of Australian suburbia, [...]
House Prices still Strong in Australia
Property prices in Australia have grown by nearly 7 per cent during the first six months of 2007, led by strong gains in Brisbane, Adelaide and Melbourne. The RP Data-Rismark Index results in the couriermail show growth in property prices during the first half of 2007 is made up of a 6 per cent rise [...]