Victoria’s subdued property market is expected to rebound, after reaching the bottom of the property cycle in the first half of 2013, building on the improving trend of the last six months of 2012 according to the First National Real Estate 2013 Property Market Outlook.
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Now that the ‘politics’ of politics are all but settled, First National Real Estate is calling on the government to start focusing on the real issues at hand – namely property and getting Australia going again.
First National Real Estate National Communications Manager, Mr Stewart Bunn says government needs to do more to support renters and provide better assistance than is currently offered through the National Rental Affordability Scheme (NRAS).
First National Real Estate has surveyed its 450+ offices throughout Australia and New Zealand to find that 2011 is set to become the year of the investor, with prime conditions for this segment to make their return to the market.
News of potential government induced structural change in the real estate market is worrying property investors and risks tipping the market into a downturn. Property auction results last weekend were among the weakest of the year, with auction numbers and… Read More ›
With auction clearance rates lower than ideal in many parts of Australia, some consumers have been asking, are the days of auction numbered?
The Economist branding Australia ‘the most overvalued housing market in the world’
First National Real Estate CEO, Ray Ellis, has joined the voices calling for a reform of state taxes, particularly inefficient ones like stamp duty, saying it is proving too taxing for working families to pay.
August national results released by RP Data on 30 September showed that Australian capital city home values declined 0.2 per cent (seasonally adjusted) in August, bookending a strong run that saw home values rise by 8 per cent in the preceding year, despite poor global conditions.
CEO Ray Ellis discussed the national market’s conditions and the RBA decision to leave rates on hold