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Moving to Melbourne's Blog – February 2009 Archive (2)

Australian Homes Most Affordable in 5 Years

THE Australian dream of owning a home is more affordable now than it has been for five years following lower interest rates and greater Government subsidies, a report says.



The Housing Industry Association and Commonwealth Bank First Home Buyer Affordability index improved by 39.2 per cent to 153.6 points in the December quarter from 110.3 index points for the September quarter.



First home buyers last had housing this affordable in the March quarter 2003, according to the… Continue

Added by Moving to Melbourne on February 19, 2009 at 3:30 — No Comments

Melbourne Property Prices February 2009

combination of a lower number of auctions than in previous years and recent reductions in interest rates has helped to ensure a healthy number of buyers competing at auctions this weekend, with a clearance rate of 77 per cent being achieved. There were 436 auctions reported this weekend, with 337 selling and 99 being passed in, of which 70 were passed in on a vendor bid.



Next weekend there will be plenty of choice for buyers, with around 650 auctions expected to be… Continue

Added by Moving to Melbourne on February 19, 2009 at 3:30 — No Comments

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