Economic Updates

The RP Data-Rismark Home Value index has found that property prices across the country finished flat for the month of November.

In the wake of the Global Financial Crisis, 26 global cities have seen residential property prices rise by 1.1 per cent over 2012's third quarter.

Melbourne is gearing up for one of the biggest weekends for real estate auctions in two years, according to the Real Estate Institute of Victoria (REIV).

New figures from ANZ show that regional sectors are outperforming cities for house price growth in every state except New South Wales.

Australian house prices have slowly risen for the last consecutive four months, adding further evidence to the argument that the Australian real estate sector is improving.

What's considered to be an early Christmas from the Reserve Bank of Australia, official interest rates have been cut by one quarter of a per cent to 3.25 per cent, the lowest in three years.

The Property Council of Australia (PCA) has welcomed the announcement that gives beachfront property owners more power to combat erosion that directly affects them and their property.

Economists have told the Herald Sun newspaper that interest rates are likely to fall further in a bid to boost the less than buoyant housing market.

Economists have told the Herald Sun newspaper that interest rates are likely to fall further in a bid to boost the less than buoyant housing market.

While foreign investment has largely been acknowledged as beneficial to real estate in Australia - and the rest of the economy too - illegal house purchases have poisoned the well for legitimate transactions.