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News Highlights

Property and retail sectors hail rate cut – but just how low can rates go?

The Reserve Bank of Australia’s decision to cut rates by 1% yesterday has been welcomed by business groups, with the property and retail sectors confident that the cuts can provide their industries with a much-needed spark.
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Are we headed for a property crash?

Is the property glass half-full or half-empty? Opinions vary so much that SmartCompany has had to talk to a comprehensive range of experts to get some answers.
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What our clients say

I thought it was a dream and there will be a trap somewhere...but no it was great and accountant is okay with the report. Quick service. communication is excellent with updates by sms...excellent report with photos of property that I can keep. Started the job and finished with no hassle at all. Very happy customer.

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What the experts say

Before you start trying to work out which direction the property market is headed, you should be aware that there are markets within markets.

Paul Clitheroe

Market Movements

House prices around the country increased by 12.3 per cent over the year ending September 2007, the highest growth rate since the market was booming four years ago. Growth across the nation has been accelerating each month during 2007, apart from the Perth and Darwin markets which are slowing. Australia's most affordable capital city, Adelaide, has been the stand out performer, with real estate prices increasing at just under 25 per cent over year. The latest RP Data / Rismark hedonic index release results are tabled below. For detailed information see http://www.rpdata.net.au/indices.

RP Data is currently tracking a total of 83,897 properties currently for sale around Australia. The total number of properties listed for sale nationally increased by 4,365 properties, or 5.5 per cent, over the week. Just under 20 per cent of these properties were 'new' listings. If you would like to know more about the advertising history and time on market for properties in your area, try RP Data's 'On the Market' service which provides detailed information about properties available for sale and rent Australia wide.