House Prices

Melbourne’s houses went up in value by 11.3 per cent in 2015, the best annual growth since 2009. As has been predicted for some time,

The Australian resdiential property market continues to boom with Melbourne dominating house price performances.

Predicting a property crash in Australia seems to have become a type of sport amongst economists worldwide. It’s almost as if members of this profession are wishing a property crash on us. But how accurate are their predictions and should property investors in Australia be worried by this up-surge in gloomy analyses for our property market?

The figures are out for house prices in capital cities for 2013, and they rose by nearly 10 per cent. 

That’s the highest rise in house prices for four years in Australia.

The average home in metropolitan Australia now costs buyers $600,000, after a yearly rise of 13 per cent.

House prices have fallen for the first time in a year, possibly in part from a reaction to the federal government’s tight budget.

House price growth looks set for continued slowdown next year despite the record low interest rates.

In a tough economic year for the Federal Government, one of the year’s brighter spots has been the strong housing market.

It appears Australia’s housing boom is set for a cooling period this year.

Housing affordability in Australia is set to remain in focus after comments made from Bill Shorten in his Budget reply speech.