Surge in house prices could derail housing recovery

The surging house prices are hurting Australian consumers and is threatening to derail recovery in the housing sector. A new survey says that the average price of residential block of land is nearing the record high recorded in December last year.

PROPERTY NEWS

Melbourne real estate high with 84% clearance

The recent sales increase of Melbourne's properties continues over the weekend.(9:58 AM AEST)

PROPERTY NEWS

Melbourne's house prices drop

Melbourne's house prices dropped from $535,000 to $524,500 in the first quarter. Real Estate Institute of Victoria (REIV) reported the $10,000 dipped ...(Apr 17)

PROPERTY NEWS

Home loans down again, will home prices now follow?

So when will the current boom in house prices, especially in Melbourne and Sydney end, after home lending fell for a 5th month in a row in February.(Apr 13)

PROPERTY NEWS

Exhausted market will grind to a halt: REIA

In an unusually pessimistic interview, David Airey, president of the Real Estate Institute of Australia, has declared that house prices will plateau a...(Apr 13)

Column
Helen

Buying off the plan is when the house/unit or apartment has not been built yet or is under construction.


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