Economic updates

November is one of the truly exciting months of the year for all of us in real estate.

The property market may have experienced some ups and downs over recent months, but nevertheless, it still appears to be working in the favour of first-time buyers.

With all the press speculation of a market change in the world of property, we awaited our October results with more interest than usual.

The property market in New Zealand's largest city, Auckland, has actually been remarkably alike to real estate in Sydney.

Hopes are always high in the first month of Spring that we will see the real estate market awakening from its winter slumber.

Recent concerns over the strength of the national property market seem to have been quelled, as the latest construction figures point to renewed strength throughout the industry.

The commencement of that marvelous spring activity that now proceeds right through into the summer months.

While many may have had concerns with rocketing prices for real estate in Sydney and Melbourne, it seems that fears of the property market becoming too hot can be set aside.

If you only took one look at the headlines you'd be excused for thinking that real estate in Australia was incredibly expensive.

Foreign investment in real estate in Australia could be the key to keeping prices down across the country, according to the latest release from the Property Council of Australia.

There has been concern that the number of available houses for sale is drying up, especially in the hot markets of Sydney and Melbourne.

With the never-ending search for affordable housing driving the next generation of homebuyers, it appears that high-rise apartment buildings and other high-density living solutions will become the more popular choice of homes for sale.