About Ed ChanAccording to the latest figures from the Real Estate Institute of Queensland, Southeast Queensland house prices held their ground in the June quarter.
We all know the strength of Australian property markets are underpinned by Australia’s economic prosperity and of course this is closely intertwined with China’s growth.
However, with the economies of many countries faltering, stories of a property bubble in China and of China’s growth slowing, some are concerned that stumbles in China’s economy could stunt Australia’s economic growth.
So let’s look at what’s really happening in China and what’s ahead. And more importantly what this may mean to your and my wealth… Continue reading
The Gold Coast’s successful bid to host the 2018 Commonwealth Games has boosted confidence and drastically improved sentiment in the December quarter of 2011.
A soft homebuyer market has increased pressure on the rental market, resulting in higher rents across the entire country
Median weekly asking rents for houses increased by 1.1 per cent in the December quarter
Brisbane and Perth had healthy jumps, increasing by 2.7 per cent and 2.6 per cent respectively,
Increasing competition for properties, particularly from homebuyers unable or unwilling to enter the property market has resulted in rising rental prices
Landlords have capitalised on the high competition in the marketplace and are charging a premium for their properties.
Jan 13 2012 Reuters .
Johannesburg – Fitch cut South Africa’s rating outlook to negative from stable on Friday, saying it had seen limited progress on several long-standing structural issues that have over time caused the country’s economic performance to fall behind its peers.
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The contraction in the hospitality and construction industries caused by the GFC, has been more than offset by the Commodities boom, but this has lured workers to move to the mining towns in search of employment opportunities. Unfortunately, amenities like schools and shops in the mining areas are still undeveloped and families still prefer to live in the established cities
| Australia’s housing shortfall is expected to increase from 186,000 to more than 640,000 in 20 years.
The gap between demand and supply increased by 28,200 to 186,800 housing units this year, a National Housing Supply Council (NHSC) report reveals. |
Fly-in fly-out workers arrive at a Queensland mine.
Fly-in fly-out workers arrive at a Queensland mine.
Two city markets, Perth and Brisbane, are poised for growth. Continue reading
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