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home buyers

This tag is associated with 19 posts

11 Oct 2019 (AFR) – Property investors roar back

(11 October 2019, AFR, p3, Michael Bleby and Matthew Cranston) ‘Investor home loans grew at their fastest pace in almost three years and first-home buyers roared into action in August, adding weight to the Reserve Bank’s view that interest rate cuts are creating a “gentle turning point” in the economy. Rising prices and easier borrowing … Continue reading

21 Aug 2019 (TheAge) – Land developers call bottom of property market

(21 August 2019, The Age, Business, p32, By Simon Johanson) ‘Land developers AV Jennings and Villa World have called the bottom of the property cycle after a year of slumping sales and consumer caution blew a hole in their profits. AV Jennings said the current property cycle has “bottomed” and that it will deliver a … Continue reading

13 July 2019 (AFR) – Nervous sellers jump the gun on auctions

(13 July 2019, AFR, p2, Ingrid Fuary-Wagner, Reporter) ‘Nervous sellers and buyers starved of options are striking deals soon after homes are listed for sale rather than risk going to auction in an unpredictable market. The rate of homes sold before auction in Sydney has increased from about 17 per cent of  properties scheduled to … Continue reading

18 June 2019 (AFR) – Desperate off-the-plan buyers seek early exit

(18 June 2019, AFR, p33, Larry Schlesinger, Reporter) ‘Desperate off-the-plan buyers of Melbourne apartments have turned to online selling platforms to get out of their contracts, as valuation shortfalls surge amid the current market downturn. “Settlement risk is now very real and developers should be worried,” said Colin Sacks, who runs the country’s biggest DIY … Continue reading

18 April 2019 (AFR) – Melbourne buyers face valuations shortfall

(18 April 2019, AFR, p49, Larry Schlesinger) ‘New home buyers who purchased Melbourne housing lots at the peak of the market are scrambling for cash to settle their contracts or risk defaulting due to valuations coming in tens of thousands of dollars below what they agreed to pay 12 to 18 months ago. The valuation … Continue reading

8 March 2019 (AFR) – Agents see little evidence of Phillip Lowe’s property market comeback

(8 March 2019, AFR, p7, Natasha Gillezeau and Ingrid Fuary-Wagner) ‘Assertions by Reserve Bank governor Philip Lowe that first-home buyers and upgraders are returning to the property market have been called into question by those in the industry, who say buyers remain thin on the ground. “What we do see in the housing market lately … Continue reading

10 Oct 2018 (AFR) – Chinese buyers protest price drops in toppy property market

(10 October 2018, AFR, p34, by Emma Dong) ‘Shanghai | Home buyers angry that apartments are being sold for much less than they paid swamped property developers’ marketing offices across China over the Golden Week holiday, demanding their money back. A sales centre for Xinzhou Mansion, a project of Country Garden located in Shangrao, a city in Jiangxi … Continue reading

23 Apr 2018 (AFR) – Home buyers have the upper hand – Home sellers two steps behind; auction clearance rates in the 60s

(23 April 2018, AFR, p3, by Su-Lin Tan) ‘Home sellers are still two steps behind the housing markets as auction clearance rates continue to crunch down into the low 60 per cent range. While buyers are still in the market, they now have the upper hand as they juggle growing risks including rising mortgage costs, … Continue reading

9 Apr 2018 (AFR) – Property sellers go private as buyers thin on the ground

(9 April 2018, AFR, p5, by Nick Lenaghan) ‘The number of homes put up for auction in the two biggest markets, Sydney and Melbourne, is around half what it was a year ago as more owners opt to sell privately. In Sydney, 775 homes went to auction in the past week, returning a 67.1 per cent preliminary clearance rate on … Continue reading

10 Aug 2017 (AFR) – Housing finance shows pickup by first home buyers and investors in June

(10 August 2017, AFR, p8, by Michael Bleby) ‘First home buyers prepared for stamp duty exemptions in June by pushing their new home loan commitments to a two-year high, official figures showed on Wednesday. Ahead of the elimination of stamp duty charges on lower-priced properties in NSW and Victoria from July 1, the first home … Continue reading

8 Aug 2016 (AFR) – First home buyers, investors and Bill Granger trading on post rate cut weekend

(8 August 2016, AFR, p3, by Su-Lin Tan) ‘First-home buyers and investors were out in force over the weekend in Sydney and Melbourne, buoyed by the Reserve Bank cutting official interest rates to a historic low of 1.5 per cent last Tuesday.  Coupled with consistent demand from other home buyers in hot areas such as the eastern suburbs in Sydney, national auctions … Continue reading

9 Dec 2014 (AFR) – Suburban dream back in style – Cheaper deals lure buyers back to suburbs

(9 Dec 2014, AFR, p42, Luke Malpass) ‘Home buyers are “rediscovering the suburbs” as demand for new homes on plots of land increases due to cheap money, more available land, and value for money as house prices rise. Five Squared Property Group’s development and marketing manager, Ashley Lewis, puts it down to “a move back … Continue reading

14 Aug 2014 (AFR) – US first homebuyers shut out of growing supply

(14 August 2014, AFR, p49, Prashant Gopal) ‘The four-bedroom house that Ilia Nielsen-Dembe purchased in west Denver earlier this year wasn’t her top choice. The first-time buyer had to settle on a home in a neighbourhood with a high crime rate after losing bids for five properties in more-desirable areas.’ <snipped…> ‘The number of US … Continue reading

14 Jul 2014 (AFR) – The $2500 house deposit – high-risk mortgages return

(14 July 2014, AFR, p1, Nick Lenaghan) ‘ “No deposit? No worries!” declares the HomeFirst website. The one-stop shop for land, houses and mortgages was recently launched by BGC and Metricon, Australia’s biggest home builders. The site has good news for young home buyers: they can buy a new house with as little as $2500.’ … Continue reading

4 Nov 2013 (AFR) – China’s house prices surge despite curbs

(4 Nov 2013, AFR, p40, Zhang Dingmin) ‘China’s new home prices jumped by the most this year in October as home buyers defied the government’s property curbs and developers offered more high-priced apartments to tap demand. The average price surged 10.7 per cent last month from a year earlier to 10,685 yuan ($1753) per square metre, … Continue reading

12 Sept 2013 (AFR) – Perth home buyers flock to vacant lots

(12 Sept 2013, AFR, Jonathan Barrett) ‘\Property investors and first home buyers in Perth are shifting from houses to vacant lots. Land sales in Western Australia have risen about 30 per cent year on year, a trend triggered by the recent rise in house prices that has made it cheaper in some areas to build new … Continue reading

12 Sept 2013 (AFR) – Surging housing confidence fuels bubble concerns

(12 Sept 2013, AFR, p1, Jacob Greber) ‘Confidence among home buyers has surged to close to its highest level in 12 years, adding to evidence the new Coalition government and the Reserve Bank of Australia face the risk of a property bubble on their watch. A day after the prudential regulator warned banks against increasing the number … Continue reading

21 March 2012 – Negative equity hits home

[COMMENT: I thought the experts say that investing in bricks and mortar is safe (as safe as houses). but that doesn’t seem to be the case when your mortgage can balloon out because of falling asset prices. It is so difficult to liquidate quickly – give me share market investing any idea.] (21 March 2012, … Continue reading

29 Feb 2012 – US home buyers return

(29 Feb 2012, AFR, p15, Shobhana Chandra Washington) ‘The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back.’ ‘The National Association of Realtors said that its index of sales agreements rose 2 per … Continue reading