Following a 1.3% rise in house prices, the HIA/Commonwealth Bank housing affordability index has fallen 0.6% in March to the lowest levels ever recorded by the index, first introduced 23 years ago. “The housing affordability crisis shows all the signs of structural supply constraints; it is not part of some …
The ABC reports that the median price for houses at the Gold Coast has fallen 3 percent in the first quarter this year. » Report reveals lower Gold Coast house prices – ABC, 30th April 2007.
A report today shows bankruptcies are rising. In NSW in the first quarter this year, there were 2,404 bankruptcy proceedings. This is reported to be up 7.1% from the previous quarter (December 2006) and up 22 per cent for the year. With many people entering into debt arrangements, the problem …
The Adelaide Sunday Mail has some top quality journalism today. There is a full two page spread showing, by suburb, what your Adelaide house will be worth in 2016. Titled “Future Shock : Welcome to our millionaire city“, they tell us that Adelaide will have 83 million-dollar suburbs by 2016. …
The weekend has highlighted some potential bargains in Sydney. In Cabramatta, a 1 bedroom unit sold for an entire $95,000. At the peak of Sydney’s property boom in 2003, it had changed hands for $262,000. That’s a fall of 64% for the mortgagee repossession. Over in Annandale another mortgagee repossession …
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