National auction clearance results for the week ending 25/06/2017 courtesy of CoreLogic
This week’s preliminary result indicates that clearance rates are continuing to soften after last week saw the final clearance rate surpass the previous week as the lowest recorded over the year to date across the combined capitals (66.7 percent). With results still being collected, it is likely that [...]
Last week, the Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter. A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings. Both of which have increased over the quarter.
When this data is paired with data from the Australian Prudential Regulation Authority (APRA) and dwelling sales data there are some very valuable insights available into the housing market and lending from Australian authorised deposit-taking [...]
Mr Ruiz, who has been acting in this position since March 2017, is responsible for the Group’s Asia business including iProperty Group across Southeast Asia and Chinese property site myfun.com.
Commenting on Mr Ruiz’s appointment, Ms Fellows said: “Asia is a key region in our long-term growth strategy and Henry has made a big contribution since he took on the interim role. He is well placed to continue to lead our Asia business and execute our regional strategy.”
“We are focused on creating innovative consumer products and drive better value for our customers. This [...]
For owner-occupiers paying principal and interest, this recent change translates to a savings of $17 a month, or $204 a year for the average mortgage holder.
Owner-occupiers paying interest-only will pay an extra $99 a month or $1188 a year, while for investors paying interest-only, the change will add an extra $100 a month, or $1,200 a year on to their repayments.
RateCity Money Editor Sally Tindall said the changes would receive mixed reviews for their customers.
“A drop of 8 basis [...]
REA Group ranked 35th on the list and was only one of four media companies that made the cut. It is valued at $US5.9 billion.
Rightmove, a UK-based real estate portal with more property listings than any other platform in that country, topped the list as most innovative growth company. Rightmove is valued at around $US4.6 billion. Forbes reports that the reason for Rightmove’s massive success and growth is it was the first mover in [...]
The Treasurer said in his speech that part of the $4.3 billion housing affordability package includes strategies to boost supply, accelerate infrastructure and reduce upfront costs.
Measures announced in the budget to help first-home buyers get their foot onto the property ladder include:Scrapping stamp duty for first home buyers on new and existing homes up to $650,000, and reduced for properties between [...]