With less incentives being handed out by the Government, higher interest rates and higher home values, the number of first time buyers in the market has continued to trend lower throughout 2010. Despite the slowdown, the number of first time buyers remains above the long term average. Strong economic conditions, low unemployment and high levels of confidence may be enough to encourage more first time buyers back into the market.
Read more at rpdata.propertypulse
Seasonally-adjusted Aussie home values decline
Australian capital city home values declined -0.2 per cent (seasonally-adjusted) in August (0.0 per cent in unadjusted terms) while the ‘Rest of State’ markets realised 0.0 per cent growth (seasonally-adjusted and raw). Total gross returns remain positive with improving yields on units (4.9 per cent) and houses (4.0 per cent)
Read more at rpdata
Seasonally-adjusted Aussie home values decline
Australian capital city home values declined -0.2 per cent (seasonally-adjusted) in August (0.0 per cent in unadjusted terms) while the ‘Rest of State’ markets realised 0.0 per cent growth (seasonally-adjusted and raw). Total gross returns remain positive with improving yields on units (4.9 per cent) and houses (4.0 per cent)
Read more at rpdata