Viewing by month: December 2011
Happy Christmas from Century 21 Real Estate
With tinsel strung up and Christmas carols playing softly throughout the office, it seems that once again Christmas has come around quickly and is almost upon us. As I say every year, the years do not appear to be slowing down, and with this year drawing to a close, 2012 looks to be busier than ever for the Australian residential...Read complete post
Home security over the holidays
As we draw closer to Christmas and ready ourselves for a relaxing festive season, it is important for property owners to remember that this period can also present a heightened risk of theft and home break-ins, as people spend an increased amount of time away from home. Property owners need to therefore remain vigilant, and take note...Read complete post
Latest inflation indicators
It is well known that inflation has been a key influencer of the Reserve Bank of Australia’s interest rate decisions over the course of the year with the Bank aiming for a target range of 2 – 3 per cent over 2012 and 2013. While the official inflation data, the Consumer Price Index released by the Australian Bureau of Statistics, is not due until early 2012, the recent release...Read complete post
Rate cut provides Christmas relief for property buyers and mortgage holders
At its December meeting held in Sydney last week, the Reserve Bank of Australia elected to cut the official cash rate by 25 basis points to 4.25 per cent. This was the second consecutive cut to rates made by the Reserve Bank, after a year of keeping rates on hold at 4.75 per cent. This decision should assist both prospective residential property buyers and current mortgage...Read complete post
Housing shortage or oversupply – an attempt to clear some confusion
The debate surrounding Australia’s housing shortage versus its oversupply is one that seems to regularly pop up in commentary regarding the residential property market. The Australian public can be forgiven for being somewhat perplexed – it often feels like one moment there are too many properties on the market and buyers are scarce, while the next report sees fears raised that there won’t be enough homes to accommodate the Australian population moving...Read complete post
Market conditions provide opportunities for pre-Christmas real estate purchases
Last week saw the beginning of December – who can believe how quickly the year has gone by? In real estate terms December marks the end of the spring selling season, and is also often a time where many buyers and sellers pick up the pace and work to have any relevant inspections and property transactions finalised before Christmas and the end of the year. Now it is certainly...Read complete post