Just over two weeks ago a campaign was started urging first home buyers to boycott buying a house in what is considered the most expensive property market in the world. In the last 48 hours, the campaign has achieved phenomenal momentum in both mainstream media and online. The campaign was …
RP data today released its February update to the RP Data‐Rismark Hedonic Home Value Index showing national city prices fell 1.3 percent seasonally adjusted for the three months to February. All capitals recorded falls in house prices except Sydney which increased just 0.3 percent. Darwin lead the falls, recording a …
According to mortgage rating agency Fitch, the number of mortgage payments that were 90 days in arrears grew unexpectedly by 12.5 percent in the last quarter of 2010. The data shows more people are defaulting on their mortgages and it is only expected to get worse. Tammy May, founder of …
The China Daily has reported comments from Yang Hongxu, a senior researcher at E-House China Research and Development Institute in Shanghai saying he believes China’s House Price Index, based on the 70 major cities, will show a decline in prices before May, following evidence of a slowdown in February’s data. …
David Murray, Chairman of the Future Fund has today warned that Australia’s high house prices have made the Australian economy vulnerable to shock from overseas events. Two weeks ago, The Economist magazine released its quarterly update on global house prices showing Australia, once again, has the most expensive housing in …
The Sunday Telegraph is today reporting “EMBARRASSED agents are covering up a growing failure to sell homes at auction by not telling reporting bodies about their failed campaigns” with as much as 50 percent of Sydney auction results going unreported as the housing market starts to turn south. Louis Christopher, …
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