Despite industry conditions remaining more or less the same, builders expect a recovery soon based on answers compiled in the survey conducted by Master Builders Australia.
People living in Queensland’s coastal low-lying areas have been asked to evacuate to higher ground as soon as possible before Cyclone Yasi hits.
The country’s mining state, Perth, reported the highest decline in property prices, dropping by 1.9 percent during the last three months to December to a median $465,000 says an RP Data-Rismark reports.
Brisbane government plans to put together a 30 Day Flood Taskforce that will assess the damages from the flooding and make the appropriate recommendations.
First time homebuyers take an estimated two years to save up for a property deposit based on research presented by the Real Estate Institute of Queensland (REIQ).
House prices in Sydney and Melbourne posted the highest gains in Australia for 2010 according to data from RP Data/Rismark.
Queensland’s rebuilding efforts will impact government affordable housing schemes that target low and moderate income earners.
As the state tries to recover from the debilitating effects of the flood, renters wanting to move out of a flood damaged commercial area may have a hard time exiting their lease contracts.
The latest figures for the insurance industry shows that claims numbers and estimated insurable value of losses as a result of the Queensland floods are rising says Insurance Council of Australia (ICA).
Australian consumers are placing major purchases like property, cars and vacations on hold for the year according to results of a survey conducted by mortgage provider Homeloans Ltd.
Local Tenant Advice and Advocacy and Home Assist Secure services are available for Queenslanders in need with service providers able to apply for up to $10,000 in extra funding.
Revenue earned from the lease of the Abbot Point Coal Terminal will be used to fund reconstruction efforts in Queensland.
Real estate mogul John Gandel will sell his 50 percent stake in shopping center Northland to increase his exposure to sharemarket listed real estate companies.
Victorians are being saddled by more mortgage debt as a legacy of the property boom of 2010 says the latest ING Direct Financial Wellbeing Index.
As more people delay buying houses and opt to rent, rates for residential rentals are expected to climb when demand overtakes supply.
ANZ Bank is predicting that home prices will stabilize this year and remain flat to an average of $550,000 as a consequence of expected rising interest rates.
The Consumer Price Index for the housing group rose by 0.6 percent, compared to the all groups increase of 0.4 percent during the December quarter.
A new Queensland Reconstruction Authority has specifically been established to spearhead efforts to rebuild the state after the devastating floods.
Housing prices in the country are expected to decline because of rising interest rates and restricted access to credit says a survey conducted by the National Australia Bank.
Citizen calls made to Crime Stoppers have helped nab and curtail looters taking advantage of abandoned properties during the flood.
Adelaide suburb, Magill was the best performing market in South Australia with a 19.09 growth rate in December.
Adelaide was voted as the most livable city in the country based on the results from a national survey commissioned by the Property Council of Australia.
The Melbourne housing market was ranked at 321st place out of a 325 markets in the world in terms of housing affordability reports the Demographia International Housing Affordability Survey.
Canberra authorities are still offering incentives to commercial office buildings that implement changes to cut down on energy and water consumption.
Canberra was ranked as the second most attractive city to live in based on its selection of good schools and healthcare services, safety and employment opportunities says a survey commissioned by the Property Council of Australia.
Local governments need to provide more detailed flood mapping data to accurately determine flood risk to properties urged the Insurance Council of Australia (ICA).
A new partnership between the Aurora Group and Majestic Hotels is set to benefit the South Australian and Northern Territory markets by expanding the properties on offer and combining marketing knowledge and experience for the tourism industry.
Home loan refinancing is set to be the next major source of housing finance for 2011 based on a survey conducted by mortgage broker Loan Market.
The government is mulling over the possibility of charging a national levy on taxpayers to pay for the costs to rebuild Queensland according to Prime Minister Julia Gillard.
Bravo’s hit series The Real Housewives of Beverly Hills star, Kyle Richards and husband Mauricio Umansky have bought a new Bel-Air property for more than $3 million.
