Economic updates

A massive upgrade of a dairy manufacturing plant in East Melbourne may provide a positive injection to the economy and boost the demand for real estate in Melbourne. 

The strategy aims to strengthen the city's economy by boosting jobs and infrastructure, supporting local businesses and driving tourism up.

The recent Reserve Bank move to cut the official cash rate to a historically low 2.5 per cent should be an encouraging sign for home buyers.

The Reserve Bank of Australia (RBA) cut the official cash rate yesterday (August 6) by 25 basis points in its second move to ease interest rates this year.

The most recent round up of capital city housing prices by Australian Property Monitors (APM) reveals that the June quarter saw the third consecutive period of quarterly growth for a resurgent national real estate market.

As we approach the end of the month, keen property buyers, sellers and investors may be wondering what changes, if any, are around the corner for home loan rates.

Land prices in regional South Australia are among the most affordable nationally, according to new data from the Housing Industry Association (HIA) and RP Data.

Real estate in Melbourne enjoyed a modest price surge during the June 2013 quarter.

Demand for residential properties to rent in Sydney continued to be strong through June 2013, according to the latest vacancy rate data released by the Real Estate Institute of New South Wales (REINSW).

The Reserve Bank of Australia (RBA) has elected to hold the cash rate at 2.75 per cent, after meeting this week (July 2).

Victorians thinking about buying their first home received some good news back in April, when the state government announced it was boosting assistance available for these buyers.

Vacancy rates rose across the Sydney metropolitan area in May, yet the city's rental market remains tight, according to the Real Estate Institute of New South Wales (REINSW).