Australia Property News

House price growth in Australia’s capital cities stagnated in the first quarter of 2013, up 0.1% overall but prices fell in eight cities, according to figures from the Housing Industry Association (HIA). Across capital cities the established house price index rose by 0.2% in Melbourne, 1.2% in Perth, 1.9% in Darwin and 0.2% in Canberra. [...]

New home building in Australia in 2013 is likely to fall short of what is needed as land sales are well below requirements, a new report suggests. The HIA-RP Data Residential Land Report provided by the Housing Industry Association, the voice of Australia’s residential building industry, and RP Data, Australia’s leading property information and analytics [...]

Since bottoming out in May 2012 residential real estate prices in Australia have bounced back, increasing by 1.2% last month, and the latest index from RP Data shows. It takes the annual movement in dwelling values back into the black with a 1.8% increase over the past 12 months and negating the 1.2% drop in [...]

UK buyers searching for homes in a far flung destination have been looking towards Australia which has seen a surge as thoughts turn to emigrating, according to the latest monthly report from Rightmove Overseas. Overall some 59.08% of destinations saw a rise in searches in December, 40.87% saw a fall in searches and 0.05% of [...]

The average price of homes sold in Auckland, New Zealand increased by 7.7% in 2012 as last month saw another period of strong sales for the residential property market.  It means property prices have increased by $41,590 to $584,715 when compared to 2011’s average price, the highest percentage increase in five years, according to agents [...]