Morrison Kleeman Real Estate News

  Australia’s housing sector has called on the reserve bank to deliver a 50 basis point interest rate cut after a survey showed new home sales have fallen to their lowest level in more than a decade. The Housing Industry Association (HIA), which represents the residential building industry, says new home sales dropped 9.4 per [...]

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In Australia, and particularly Victoria, State Governments have relied more and more on Stamp Duty, paid by property purchasers, to fund a big part of their annual budget expenditure. Over the years, particularly through a time when the property market has been very strong, Stamp Duty revenues have continued to grow. The Real Estate Institute [...]

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The Reserve Bank of Australia (RBA) has spared borrowers an interest rate rise, leaving the cash rate at 4.75 percent in a widely expected move. The Reserve Bank last increased the overnight cash rate in November 2010 to 4.75 percent from 4.5 percent and most economists still expect a rate rise this year. “We expect [...]

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Insurance premiums are expensive – until you need to make a claim. And knowing precisely what your insurance covers can save much heartache down the track. Just ask those people devastated by the recent weather events across the country. When reviewing or taking out a policy for the first time, assessing your risk is the [...]

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Variable interest rates are influenced by market conditions and during the term of a loan can increase or decrease many times over. If interest rates increase so will the regular repayments you must make. If interest rates decrease your regular repayments will also decrease. Fixed interest rates allow you to lock in an interest rate [...]

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While it’s unlikely that experienced home buyers will buy a home that they don’t like, the same is not true of experienced property investors. Yet many novice property investors report that they have difficulty buying something they don’t ‘like’ even if it is a good sound investment. Many investors make it harder for themselves than [...]

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A professional association for real estate agents in Victoria is calling on politicians to address housing affordability in the state as data show the number of first home buyer numbers has fallen sharply as a result of rising property prices, shortage of stock and higher state government taxes.A professional association for real estate agents in [...]

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The Australian housing market has begun to slow as predicted by analysts last month. House prices reviewed across eight major cities increased by an average of 0.1 percent from July to September, the lowest increase per quarter since the start of 2009, the data, provided by the Australian Bureau of Statistics has said.The Reserve Bank [...]

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Not so long ago investors were hearing warnings to expect less spectacular returns from shares, but now the same warning applies to housing. After a decade of strong gains, including pre-tax returns averaging 21 per cent per annum for stocks in the S&P/ASX 200 in the five years to December 2007, investors were being warned [...]

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Australia’s second biggest home lender has joined the biggest in arguing there is no housing bubble.With international investors looking at Australia’s housing market as one of the few among developed economies not to experience significant price falls, Westpac has joined the Commonwealth Bank in trying to allay their concerns.In arguing against the possibility of a [...]

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