Home prices are falling across the country while listing numbers increase.

While Australian auction clearance rates appear to be rebounding, led by a noticeable improvement in Sydney, that’s yet to have a meaningful impact on prices which continued to fall last week. According to CoreLogic, the prices across Australia’s five mainland state capitals fell by 0.1% last week in average weighted terms, taking the decline over…

Property – The largest economic footprint in the Australian economy

Consulting firm AEC has crunched the latest numbers on the property industry and its contribution to GDP and GSP, and has found that the property sector has the largest economic footprint of any sector of the Australian economy. As an economics refresher, GDP and GSP (Gross Domestic Product & Gross State Product), is the total…

The Hangover: Australia. We’re facing twice that of the USA…

The party is finally winding down for Australia’s housing market. How severe the hangover is will determine the economy’s fate for years to come. After five years of surging prices, the market value of the nation’s homes has ballooned to $7.3 trillion – or more than four times gross domestic product. Not even the U.S. and…

Are you ready for a transitioning real estate market?

Earlier this year we predicted a cooling in the housing market. Well it seems that it has arrived in Adelaide and its happening now. We have now entered a transitioning market. What are the signs; September quarter figures show a drop of 0.3% in SA property prices. Might not seem like much but it’s the…

Simple but effective makeover tips for your home

Is your home in need of a makeover? The good news is , it doesn’t need to be an expensive or a time consuming process in order to get a stunning result. Below are some simple and inexpensive ideas to provide inspiration for those that would like to give their property a simple transformation. These…