Economic updates

Tasmanian real estate has ended 2012 on a high with a recent report finding that the December quarter performed well.

The Housing Industry Association has welcomed data which revealed Australian real estate prices jumped 1.6 per cent in the December quarter of 2012.

South Australian real estate building approvals increased in December last year, according to new statistics.

In what may be a positive sign for residential real estate builders in Northern Territory, statistics have shown that approvals were up for December.

The combined value of real estate in Australian capital cities rose 1.8 per cent over the last 12 months, according to new data.

Australia enjoyed its third consecutive monthly rise for new home sales in December, according to the Housing Industry Association (HIA).

The rental market across New South Wales has eased slightly, but experts say this is a temporary situation.

The Australian property market ended 2012 with more optimism than had been anticipated half way through the year.

The regional residential real estate market in South Australia has recorded the same median price at the end of 2012 as it did in 2011.

Falling interest rates are failing to have the stimulating effect on the real estate sector that they once did.

Master Builders Australia (MBA) has welcomed the recent interest rate cut and says that soft conditions in the real estate construction industry are reason for further action.

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