Real Estate Info and updates

https://www.abc.net.au/news/2023-07-28/nsw-fair-trading-investigation-into-metricon/102656332

https://m.facebook.com/story.php?story_fbid=509528721216447&id=100064779693405&mibextid=Nif5oz

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https://moneysmart.gov.au/investment-warnings/what-to-do-if-you-ve-been-scammed

https://amp.scmp.com/economy/china-economy/article/3141246/chinese-buyers-abandon-australias-housing-market-still-get

https://smallcaps.com.au/housing-bubble-combined-low-rates-could-be-toxic-combination/

https://au.finance.yahoo.com/news/housing-bubble-gfc-015923191.html

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.

March key points - The Residential Property Price Indexes

Weighted average of the eight capital cities
- rose 5.4% this quarter.
- rose 7.5% over the last twelve months.

Capital city Residential Property Price Indexes
- this quarter rose in Sydney (+6.1%), Melbourne (+5.1%), Perth (+5.2%), Brisbane (+4.0%), Adelaide (+4.0%), Canberra (+5.6%), Hobart (+6.1%), and Darwin (+4.7%).
- over the last twelve months rose in Canberra (+10.9%), Hobart (+10.2%), Perth (+9.0%), Sydney (+8.0%), Brisbane (+7.5%), Adelaide (+7.5%), Darwin (+6.4%), and Melbourne (+5.9%).

Total value of the dwelling stock
- the total value of residential dwellings in Australia rose $449.9b to $8,293.2b this quarter.
- the mean price of residential dwellings rose $39,100 to $779,000.
the number of residential dwellings rose by 44,300 to 10,645,400.

The total value of residential dwellings in Australia rose $449.9b to $8,293.2b the quarter (Dec20-Mar21).

https://amp.news.com.au/finance/real-estate/selling/aussie-state-capital-to-see-huge-216000-increase-in-house-prices/news-story/5e44a672073fa04430423ef127209d3b

https://au.finance.yahoo.com/amphtml/news/mortgage-stress-004244934.html