Property Prices to Increase in 2011

Published on December 17, 2010 by Technology Slice

Property Prices to Increase in 2011 – While residential property prices remained relatively flat in the last quarter of 2010, a tight rental market and return to “normal” trends in first home ownership are likely to lead to firm growth late next year, they say. CommSec economist Savanth Sebastian said increasing rental demand and rising [...]

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Posted in Money

Overvalued House Prices to Stay

Published on December 16, 2010 by Technology Slice

Overvalued House Prices to Stay – House prices could be overvalued by as much as 10 per cent, but strong population growth and rising income will continue to underpin the market, an international report says. A staff analysis by the International Monetary Fund (IMF) has found a link between episodes when Australia has a strong [...]

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Posted in General

RBA Stepped In To Stop Property Slump

Published on November 23, 2010 by Technology Slice

RBA Stepped In To Stop Property Slump – The Reserve Bank deliberately intervened in the political debate over the property boom to stop governments releasing more land. The bank feared the release of land would cause traffic gridlock, environmental problems and potentially a US-style housing slump, The Australian reports. The move, detailed by a senior [...]

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Posted in Money

Treasury Warns Of Property Bubble

Published on November 21, 2010 by Technology Slice

Treasury Warns Of Property Bubble – A senior Treasury official has sounded the alarm over Australia’s property market. He has warned that the prospect of a sudden and dramatic drop in prices is “the elephant in the room” and should not be ignored by the Federal Government. While the Government and Reserve Bank insist Australia [...]

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Posted in General

CommBank App Let’s Users Find Out House Prices

Published on August 5, 2010 by Technology Slice

CommBank App Let’s Users Find Out House Prices – There’s a brand new property app on the block that gives iPhone users detailed information on the value of any house they care to point their handset towards, but privacy experts warn it may not sit well with the neighbourhood watch. Detailing sales prices of 95 [...]

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Posted in Mobile Phones

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