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Consumer’s house price expectations have continued to improve, up 45.8 per cent in the four months since May, a new study has found.

Property development: scary, a piece of cake, or somewhere in between? Your response will probably depend on whether you are a first-timer, a second-timer, a veteran, or, very importantly, building to make a profit or to live in the property for five-plus years.

The total value of home loans approved for first home buyers increased by over 20 per cent in July, according to an analysis of the latest ABS data.

Another Perth builder has been penalised by the WA Building Services Board – this time for negligence over work carried out on a Swanbourne property, the result of which will see him out of pocket by $83,000.

This year has been a bumpy ride for the Australian property market. Increased optimism post-election saw markets correct themselves with the securing of negative gearing and capital gains tax benefits. Couple this with our historically low interest rates and banks finally relaxing lending criteria and it really is a buyer’s market right now.