A consumer advocate is questioning predictions that Darwin's real estate market will continue to boom for the next five years.
The Real Estate Institute of Australia (REIA) says the city's property prices grew 31 per cent last year.
Neil Jenman has completed a study of the Darwin property market and says there is no way that growth is sustainable for the next five years. "In every boom the people who are selling it will say that this boom is different, that it will continue to keep going on, particularly when you're at the top of the boom, when you're at the top of the boom and you say that they're are people everywhere and signs up all over Darwin, that is a huge clue that things are getting too hot."
The Real Estate Institute of Australia (REIA) says the city's property prices grew 31 per cent last year.
Neil Jenman has completed a study of the Darwin property market and says there is no way that growth is sustainable for the next five years. "In every boom the people who are selling it will say that this boom is different, that it will continue to keep going on, particularly when you're at the top of the boom, when you're at the top of the boom and you say that they're are people everywhere and signs up all over Darwin, that is a huge clue that things are getting too hot."
Regional Queensland centres continued to do well with the five major cities outside the southeast recording either modest or strong house price growth. However Brisbane's median house price declined 3 per cent over the quarter – the most dramatic fall in prices since the last housing downturn in 1994-95. Despite this, Brisbane managed 6.9 per cent house price growth over the year.
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Australia is a growing economy with an active real estate market. If you are qualified and meet the immigration requirements you can work and live in Australia and even become an Australian citizen.
Most Australians live in coastal cities which provide modern facilities. Others live in the "outback" which is a quieter lifestyle where everyone knows one's neighbour.
Most Australians live in coastal cities which provide modern facilities. Others live in the "outback" which is a quieter lifestyle where everyone knows one's neighbour.
THE BRISBANE REAL ESTATE MARKET
The State’s small businesses in the rental, hiring and real estate sectors are next in the spotlight for the NSW Government’s red tape taskforce.
The review will cover real estate agents, conveyancers, valuers, plant and equipment hirers, recreational equipment hirers, and car rental operators.
“The NSW Government needs to know if red tape is holding back this sector, and what can be done to help these businesses work more efficiently to invest and grow”, Premier Morris Iemma said.
The review will cover real estate agents, conveyancers, valuers, plant and equipment hirers, recreational equipment hirers, and car rental operators.
“The NSW Government needs to know if red tape is holding back this sector, and what can be done to help these businesses work more efficiently to invest and grow”, Premier Morris Iemma said.
NSWs GOVERNMENT CUTS RED TAPE
Laws designed to stamp out misquoted auction prices may be overhauled after the Victorian State Government last night revealed it had ordered a review.
The move comes after The Age revealed that underquoting is rampant across the city.
No agent has been prosecuted under those laws, which require estimates to be based on what "a willing but not anxious buyer" would pay, and forbid agents from advertising properties for less than their own estimates.
The move comes after The Age revealed that underquoting is rampant across the city.
No agent has been prosecuted under those laws, which require estimates to be based on what "a willing but not anxious buyer" would pay, and forbid agents from advertising properties for less than their own estimates.
VICTORIA TO REVIEW AUCTION SYSTEM
As our population grows in most capital cities there is the obvious need for the constant creation of new dwellings. Until now we have largely favoured urban sprawl over re-zoning inner urban areas to higher densities. Affordabilty is no longer a matter of releasing more land when the demand for new house and land packages is so weak.
The argument that today's outskirts will be tomorrow's city fringe is starting to wear a bit thin and our major cities are faced with a choice. Without Super-fast public transport, strong employment growth and flourishing local communities on our outskirts can we really expect vast amounts of young people to want to live 50km's out of Sydney for example?
The argument that today's outskirts will be tomorrow's city fringe is starting to wear a bit thin and our major cities are faced with a choice. Without Super-fast public transport, strong employment growth and flourishing local communities on our outskirts can we really expect vast amounts of young people to want to live 50km's out of Sydney for example?
ADELAIDE CREATES NEW DWELLINGS
Pam Corkhill, Vice President of the Real Estate Institute of Tasmania, believes that the 25 per cent rise in the price of real estate over the last 12 months is "fantastic news". Talking with Ric Paterson, Pam Corkhill said the rise was "across the board, across the state".
Although Hobart has recently experienced record prices for real estate Pam Corkhill believes that housing is still very affordable for all types of people. "We need an extra couple of suburbs," said Pam.
Responding to Pam Corkhill's call for new suburbs Lord Mayor Alderman, Rob Valentine called in to suggest that "the answer is to market what we've got".
Although Hobart has recently experienced record prices for real estate Pam Corkhill believes that housing is still very affordable for all types of people. "We need an extra couple of suburbs," said Pam.
Responding to Pam Corkhill's call for new suburbs Lord Mayor Alderman, Rob Valentine called in to suggest that "the answer is to market what we've got".
HOBART REAL ESTATE PRICE RISE
The Perth housing boom is now sending major ripples into the regional real estate market with the latest sales figures from the Professionals Real Estate Group showing a significant jump in the average selling price of homes in a number of major regional centres.
According to the Professionals Real Estate Group, sales figures by the Professional offices in regional Western Australia for the first eight months of the current financial year show that the average selling price of a home in some regional centres jumped by more than $10,000 compared to the same period for the previous year.
According to the Professionals Real Estate Group, sales figures by the Professional offices in regional Western Australia for the first eight months of the current financial year show that the average selling price of a home in some regional centres jumped by more than $10,000 compared to the same period for the previous year.
REGIONAL WESTERN AUSTRALIA NOW SHARING IN HOUSING BOOM
WILL DARWIN'S REAL ESTATE BOOM LAST 5 YEARS?
