Oceania Real Estate News

 
 March 8 (Bloomberg) -- New Zealand house prices climbed for a fifth month in February, fueled by increased demand for property in the nation’s largest cities as the economy emerges from a recession.

 
 MELBOURNE'S property market has smashed through the $1 billion mark for the first time.  The barrier was broken during a record weekend for auction prices combined with soaring prices achieved for private sales during the week.

  By Tracy Withers Jan. 18 (Bloomberg) -- New Zealand house prices fell for the first time in six months in December as the number of properties sold declined for a third month. Prices fell 0.9 percent from November, the Auckland-based Real Estate Institute of New Zealand Inc. said today in an e- mailed statement, citing an index. The number of properties sold dropped to 4,957 from 6,056 [ ... ]

  AUSTRALIANS have the world's largest houses, beating traditional champion the United States, however the cost of renting is similarly expanding.

A TYPICAL Sydney house now costs well in excess of $600,000 after surging at the rate of $5000 to $6000 a month all year. The latest RP Data-Rismark property index shows prices in Sydney, Melbourne and Canberra continuing to climb apparently unaffected by a slowdown hitting other state capitals. Sydney house prices are the most expensive but Melbourne's are climbing the fastest, gaining 12.6 p [ ... ]

 
CANBERRA, Oct. 1 (Xinhua) -- An Australian economist expects first home buyer grant cuts and a projected interest rate rise will cause a downturn in Australia's housing market, Australian Associated Press (AAP) reported on Thursday. 

THE global financial crisis has cut deep into Sydney's top end housing market through a 45 per cent reduction in gross sales values. Prestige home on Miller Street, Cammeray (Sydney)

The housing market, which has been depressed for the past 18 months, appears to have bottomed out - at least in Auckland.

      Strong growth in international traffic to New Zealand's leading property listing site, Realestate.co.nz, suggests the global economic crisis is fuelling overseas interest in the local property market. In the year to April, Realestate.co.nz recorded a 14% spike in the number of homes-for-sale search sessions initiated by site visitors liv [ ... ]

       New Zealand construction work contracted for a fourth straight quarter and house prices fell by the most in at least four years as a prolonged recession and rising unemployment stall the property market. Construction adjusted for inflation fell 6.5 percent from the third quarter, Statistics New Zealand said in a report released in Welli [ ... ]