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Borrowers now have the edge
Sunday, 5 February 2012

Australia is entering a new low-interest-rate environment and smart borrowers should seize the opportunity to sift through the competitive loans on offer. The Reserve Bank's decision in December t...

Housing recovery driven by first home buyers
Friday, 20 January 2012

After two years of abstinence, home-buyers have been seen taking a sip from the debt bottle. Just a little one. First home buyers accounted for 20 per cent of total housing finance commitments taken o...

Banks face home loan suit
Friday, 20 January 2012

  AUSTRALIA'S banks could be facing a massive new class action over allegations that their mortgage lending practices have put thousands of families in severe financial stress or at risk of lo...

Opposition: Come clean on Phillip Island zoning
Friday, 20 January 2012

Premier Ted Baillieu must explain his role in the dispute at Phillip Island involving his planning minister Matthew Guy, the opposition says. Mr Guy is being sued over claims he failed to follow prop...

Time to fight the financial system and set your own standard
Sunday, 8 January 2012

It's certainly not what you should be paying. So yesterday all four of the big banks finally passed on the quarter of a per cent Reserve Bank rate cut. Big deal - or not such a big deal, as the case m...

Capital city home values up for the 1st time in 2011
Friday, 6 January 2012

Homeowners have received a bout of good news at year's end, with a private survey showing the first rise in capital city home values in eleven months. Capital city home values lifted 0.1 per cent i...

The heart is where the home is
Friday, 6 January 2012

A SMALL pocket of 1950s real estate on a sharp bend of the Maribyrnong River is the state's most tightly held suburb. Home owners in Essendon West stay in the ubiquitous weatherboard Californian bung...

Battlefield looms on coastal playground
Friday, 6 January 2012

A NEW suburban frontier is set to engulf once-sleepy holiday towns on the Bellarine coast. In rezoned farm paddocks on the road to Torquay, a transformation is under way that began late in 2008 when ...

Owners find homes are cracking under pressure
Wednesday, 28 December 2011

HEAVY rainfall after a decade of drought is thought to have caused cracking in the walls of hundreds of new homes in Melbourne's west, sparking calls for an overhaul of building standards from within ...

Home buyers priced out
Sunday, 11 December 2011

DESPITE one of the worst property slumps in two decades, many first-home buyers are finding it harder than ever to enter the market, with research showing they need at least $100,000 after tax to buy ...

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Real Estate ArticlesMinimize

Entries for January 2009

26

AUSTRALIA has among the least affordable houses in the world, according to an international study that suggests our price "bubble" is due to burst.

A comparison of median house prices with median household incomes in Australia, Canada, Ireland, New Zealand, Britain and the United States found that Australia had the most cities in the "severely unaffordable" bracket — in which prices are more than five times incomes.

[Read the rest of this article...]

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