Overseas property...

View information on...

Homes Go Fast

Free News Service

Subcribe to property news

Embed this content on your site

Subscribe in a reader

Property Sales Enquiry Line

For UK Residents call free on:

0800 043 00 96

For visitors out of the UK call:

+44 207 099 33 92

*property references are required

Overseas property news

We are dedicated to bringing the best and most up to date overseas property news to you daily, why not sign up for news alerts by email.

Homes Overseas Tip Slovakia For 2009

Brazil Plans New Wind Farms

Canadian Home Sales Continue to Slow

Sellers of overseas property cash in

UK Retail Sales Weigh on Pound

Overseas Property You Tube

Overseas Property

blogarama.com

Homes Go Fast

Australia House Prices Continue to Rise

Prices for homes in Australia have risen in the first half of 2008, according to the Real Estate Institute of Australia (REIA). The REIA report showed median home prices rising across the country to A$459,216 at the midway point of the year, up a slight 0.05% for the quarter and 6% for the previous year. Despite a decrease in housing prices, Sydney still leads the way with a median home price of A$542,000. Of all the major cities, Hobart has the most affordable homes with a median price of A$325,000.

One of the reasons for increasing home prices is the lack of housing to meet the needs of a growing country. This has led to both increased prices and increased rental returns across the country. Vacancy rates are at record lows in most of the major cities, though the Western Australia capital of Perth, which had seen huge price increases in recent years, saw a reduction in demand in the second quarter.

“The housing market has cooled significantly in the first half of 2008 following a sustained period of higher interest rates and rising living costs” says REIA President, Noel Dyett.

Warren O’Rourke, National Corporate Affairs Manager with Mortgage Choice, agreed with Mr Dyett and added “These figures reflect the importance for property owners to think of property investment as a long-term strategy. As with any market, there are ups and downs to be ridden out. The key is to understand your goals, research thoroughly and buy a suitable property at the right time.”

Useful Resources

Property for sale in Australia

Overseas Property For Sale

Se1 Estate Agents
Finding se1 estate agents is simple with Hotproperty. Our Estate Agents Directory has an easy search feature so you can find hundreds of London estate agents in a particular local area.

Spain France Portugal Turkey Bulgaria Cyprus Italy United States Greece Malta Egypt Dubai Brazil Cape Verde Hungary Croatia Thailand Germany Poland Morocco