SA in new houses boom

pangpang

THE number of new homes being built in SA climbed by 14.6 per cent in the June quarter, increasing much-needed stock in a tight market.

The rise was a stark contrast to the national average, where the number of new home starts fell by an average 4 per cent, new figures from the Australian Bureau of Statistics show.

The increase took the number of new homes built for the quarter to 3003 - a level 19.2 per cent higher than a year earlier.

Over the 2006/07 financial year there was a total of 11,119 home starts in SA, 3.9 per cent more than in 2005/06.

The number of new detached houses being built alone rose by 7.3 per cent to 8,682 last financial year, the strongest result since 1993/94.

Housing Industry Association state regional director Robert Harding described the figures as "a healthy rate of growth".

He said SA had managed to buck the national trend, aided by relatively strong population growth.

"While the results are pleasing, there is concern that the widening affordability gap may hamper the chances of further growth over 2007/08," Mr Harding said.

"Land availability continues to be a significant problem and unless addressed quickly is likely to prove a significant constraint on growth in the coming quarters.

"First home aspirants continue to struggle and rental markets are very tight. A lack of policy action to address these twin problems will constrain new home building activity."

New South Wales suffered the greatest fall for the quarter, with new home starts down by 20 per cent.

The resource-driven boom in Western Australia also slowed, with a drop of 6.6 per cent.

villa

11月2日消息 南澳首府阿德雷德在过去的一年里房价飙涨，不过目前仍拥有全澳最能负担得起的房产中间价位：$365,508元。





Adelaide housing prices up  


   


October 03, 2007 10:15am   Article from: AAP


  
ADELAIDE house and unit prices rose 17.2 per cent in the year to July 31 and 9.4 per cent in the preceding quarter, a report said today.

Adelaide has Australia's most affordable housing median price of $365,508.

Researchers RP Data and Rismark International said  Adelaide had largely been forgotten in the last housing boom. However, new mining exploration and comparatively low prices were attracting investors.

Adelaide, where the median apartment price is under $300,000, turned in a stellar performance, with prices rising 27 per cent in the 12 months, 18.8 per cent of which was in the three months to the end of July.

In the rental market, Adelaide ranked third among the best-yielding cities for investors buying apartments with a 5.4 per cent return.

Overall housing prices have grown by nearly 10 per cent this year, shrugging off the string of interest rate rises and jitters about the US credit crunch.

Brisbane's housing prices were also strong, with growth of 17.2per cent for the year.

Sydney, the most expensive capital with a median price of $561,199, continued to record the slowest growth. But while house prices rose only 4.1 per cent for the year to July, 3 per cent of this was in the previous quarter, showing growth had accelerated.

RP Data research director Tim Lawless said the Australian market was "pretty much bullet-proof" with the four interest rate rises since the beginning of last year and the recent liquidity crunch from the US subprime crisis having little impact.

National apartment prices rose 10.2 per cent this year to a median of $370,540, compared with houses, where prices rose 6.9 per cent to $464,130, according to the RP Data-Rismark index.

In Perth, the housing boom has deflated with price growth of only 2 per cent in the quarter and 8 per cent for the year.

Melbourne's housing prices grew at 11.4 per cent for the year, just above the national average, with a solid 6.4 per cent of the increase recorded in the three months to the end of July.

After years of flat or patchy performance, particularly in Sydney, apartment price growth pulled ahead of houses.

The country's biggest apartment developer, Harry Triguboff's Meriton, has increased its building program from a low of 1000 units a year ago to a current annual building rate of 1400.

Meriton general manager Peter Spira said the lack of supply, with many developers leaving the apartment market when conditions deteriorated, had put pressure on rents, which in turn was supporting prices. "We are seeing some price growth. It's not taking off in a big way yet, but we anticipate that it will," he said.

Meriton's prices had risen 10per cent in the past year to an average of $550,000 for a two-bedroom unit, Mr Spira said.

Rismark International's managing director Christopher Joye said that despite attractive returns, there were still significant risks for home owners who put all their wealth into their own home.

In the rental market, the best-yielding cities for investors buying apartments were Canberra, where the return was 6.5 per cent, followed by Darwin (5.9 per cent), Adelaide (5.4 per cent), and Sydney and Brisbane, both on 5 per cent. Melbourne (4.6 per cent) and Perth (3.9 per cent) trailed the other capital cities.







[ 本帖最后由 villa 于 2007-11-2 17:08 编辑 ]