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15 Feb 2020 (AFR) – Land sales boom in a recovering housing market

(15 February 2020, AFR, p3, Michael Bleby, Senior Reporter) ‘Land sales boomed in the September quarter as an unexpected pick-up in the residential housing market following the May federal election fuelled demand for lots for newly built homes, the latest industry figures show.’ Read more at AFR.com (might need AFR login access)

10 Feb 2020 (AFR) – Home auctions: Clearances hit 80pc even as listings double

(10 February 2020, AFR, p6, Larry Schlesinger, Reporter) ‘Auction clearance rates jumped to 80 per cent in Sydney and 75 per cent in Melbourne this week, even as listing numbers more than doubled, providing strong evidence of the strength of the rebounding housing market. In weaker markets, a rise in auction listings would normally trigger … Continue reading

6 Feb 2020 (AFR) – Home buyers: ‘It’s crazy’: Cashed-up but nothing to buy

(6 February 2020, AFR, p38, Nila Sweeney, Reporter) ‘The share of pre-approved loans that failed to convert to contracted mortgages has doubled since property prices started rising in June last year as buyers struggled to find the right property amid persistently low supply. Data compiled by Digital Finance Analytics shows the proportion of mortgage committed … Continue reading

6 Feb 2020 (AFR) – Office leasing: Space industry a longer term plus in Adelaide

(6 February 2020, AFR, p36, Simon Evans, Senior Reporter) ‘Landlords are trimming incentives offered in the Adelaide CBD for higher quality office buildings, and conditions remain positive even though vacancy rates increased after the largest addition of stock to the market in seven years. Property Council of Australia figures show the Adelaide CBD vacancy rate … Continue reading

6 Feb 2020 (AFR) – Office leasing: New supply trumps stronger demand in Brisbane

(6 February 2020, AFR, p37, Michael Bleby, Senior Reporter) ‘Brisbane has yet to see an improvement in its elevated office vacancy rate, with a rise in demand for high-quality space failing to offset an increase in new supply and sinking demand for lower-quality buildings. The CBD vacancy rate rose to 12.7 per cent over the…’ … Continue reading

6 Feb 2020 (AFR) – Office leasing: Stronger tenant demand reduces Canberra vacancy rate

(6 February 2020, AFR, p36, Larry Schlesinger, Reporter) ‘Stronger demand from the public sector helped push down the overall vacancy rate in Canberra to 10.3 per cent from 11.1 per cent over the six months to January. However, the vacancy rate  remains well above the 30-year historical average of about 7.5 per cent – last … Continue reading

6 Feb 2020 (AFR) – Melbourne keeps crown of tightest office market

(6 February 2020, AFR ,p37, Michael Bleby, Senior Reporter) ‘Melbourne’s CBD vacancy rate has ticked down to 3.2 per cent as the city prepares for the biggest wave of new stock in almost three decades to hit the market. The Victorian capital kept the crown of the country’s tightest office market, with the rate slipping … Continue reading

6 Feb 2020 (AFR) – Sydney CBD’s tight office market forces tenants elsewhere

(6 February 2020, AFR, p36, Ingrid Fuary-Wagner, Reporter) ‘Sydney’s CBD office market has recorded the greatest negative demand of Australia’s capital cities in the last six months as tenants looked for space elsewhere in the city. According to the Property Council’s latest Office Market Report, rising demand in other parts of Sydney resulted in a … Continue reading

6 Feb 2020 (AFR) – Tight Sydney, Melbourne office markets send tenants to the ‘burbs

(6 February 2020, AFR, p29, Nick Lenaghan, Property Editor) ‘The Property Council of Australia’s latest Office Market Report – a key barometer for the take-up of office space around the country and ultimately for white collar employment – tells an unusual story about the two biggest markets of Sydney and Melbourne. In both markets net … Continue reading

4 Feb 2020 (AFR) – Office leasing: Smaller digs prove popular as office space race heats up

(4 February 2020, AFR, p34, Nick Lenaghan, Property Editor) ‘The demand for office accommodation rose 25 per cent in the last quarter compared with a year earlier, and smaller office spaces proved the most popular. Total demand hit 530,369 square metres in the fourth quarter of 2019, according to analysis by Colliers International. The appetite … Continue reading

3 Feb 2020 (AFR) – Hunt for assets after record year in tower deals

(3 February 2020, AFR, p34, Nick Lenaghan, Property Editor) ‘A run of mega-deals pushed the annual tally of office tower transactions to a record high and past the $20 billion mark for the first time last year, according to analysis by commercial agency JLL. Last year’s office deals totalled $22.5 billion, pipping the previous record … Continue reading

25 Jan 2020 (AFR) – Vendors’ pain as apartments sell below purchase price

(25 January 2020, AFR, p6, Nila Sweeney, Reporter) ‘One in five apartments was sold at a loss during the September quarter, despite a rebound in property prices, as investors struggled to hold on to their assets amid rising vacancies, high levels of supply across city markets and surging mortgage costs. The CoreLogic Pain and Gain … Continue reading

22 Jan 2020 (AFR) – Home-buying intentions hit record high

(22 January 2020, AFR, p5, Matthew Cranston, Economics correspondent) ‘The Commonwealth Bank’s latest household spending index shows home-buying intentions are running at a record rate, indicating the rebound in house prices is likely to continue and help fire up consumption. After property values surged 4 per cent over the past three months – the fastest … Continue reading

22 Jan 2020 (TheAge) – Mall landlords ‘spooked’ by collapse of high-profile retailers

(22 January 2020, The Age, Business, p24, By Simon Johanson and Dominic Powell) ‘Shopping centre landlords “spooked” by the collapse of high-profile retailers will likely be forced to renegotiate rents as store closures eat into occupancy rates and income from malls. Australia’s largest retail landlords have so far resisted pressure to cut rents, but they … Continue reading

20 Jan 2020 (AFR) – Rebound in new home sales ends 2-year buyers’ drought

(20 January 2020, AFR, p29, Nila Sweeney, Reporter) ‘Demand for new homes bounced back during the three months to November, ending nearly two years of sharply falling sales as energised buyers with bigger budgets returned to the market. The latest HIA New Home Sales report showed sales of private detached houses rose by 2.8 per … Continue reading

17 Jan 2020 (AFR) – Owner-occupier home loans surge in November

(17 January 2020, AFR, p31, Michael Bleby, Senior Reporter) ‘Owner-occupier home loans jumped 10 per cent in November from a year earlier as access to credit eased and rising house prices across the eastern seaboard drew buyers back into the market. The increase in new mortgage commitments to owner-occupiers lifted the monthly total to a … Continue reading

16 Jan 2020 (AFR) – The one capital city where apartment rents are falling

(16 January 2020, AFR, p30, Ingrid Fuary-Wagner, Reporter) ‘Sydney’s new apartment boom pushed unit rents down to 2015 levels in the December quarter as slower population growth in the country’s largest city failed to absorb stock created in a cycle that peaked in 2018. Sydney was the only capital city where the median asking unit … Continue reading

16 Jan 2020 (AFR) – Home building, Housing construction expectations surge

(16 January 2020, AFR, p29, Michael Bleby, Senior Reporter) ‘Housing construction is set to pick up in the second half of this year, after sentiment around residential construction posted its biggest lift in six years on the back of an improving property market and access to credit. The ANZ/Property Council of Australia March 2020 survey … Continue reading

7 Jan 2020 (AFR) – Regional home price go back in time – Worst performers of the decade

(7 January 2020, AFR, p29, Nila Sweeney, Reporter) ‘Failures of long-term investments highlight how crucial local economies are to home values. Property investors who are counting on home values to double every seven or eight years are in for a reality check as new research shows many areas are worth less now than they were … Continue reading

11 Dec 2019 (AFR) – Property prices post biggest gains since 2016

(11 December 2019, AFR, p32, Nila Sweeney, Reporter) ‘Property prices rose 2.4 per cent in the September quarter– the biggest gain since December 2016 – led by strong growth in Sydney and Melbourne, the latest figures from the Australian Bureau of Statistics show. After falling by 0.5 per cent in the June quarter, Sydney’s home … Continue reading

3 Dec 2019 (AFR) – Perth housing recovery could arrive earlier than expected

(3 December 2019, AFR, p32, Nila Sweeney, Reporter) ‘After declining since mid-2014, the Perth property market is finally showing signs of bottoming out, fuelling optimism that a recovery could come earlier than expected. The CoreLogic November Home Value Index showed dwelling prices rising by 0.4 per cent to $437,080 for the month, boosted by low … Continue reading

3 Dec 2019 (AFR) – Housing pipeline continues to shrink as new-dwelling approvals fall

(3 December 2019, AFR, p31, Michael Bleby, Senior Reporter) ‘The outlook for new housing developments continues to worsen – the latest official figures show the pipeline of new dwellings fell more than expected in October as the slump in high-rise approvals deepened. New dwelling approvals fell 8 per cent from September to 13,049, while the … Continue reading

3 Dec 2019 (AFR) – House price surge could force new tightening

(3 December 2019, AFR, p3, Ingrid Fuary-Wagner, Reporter) ‘Economists warn that Australia’s banking regulators will be pressured into introducing a new round of macroprudential tightening measures if the strong and swift surge in house prices continues into the new year. Property prices in Sydney surged 2.7 per cent in November, the highest monthly growth rate … Continue reading

3 Dec 2019 (TheAge) – Too many buyers and not enough sellers leads to sizzling house prices

(3 December 2019, The Age, Business, p24, Elizabeth Knight) ‘Residential property prices are on a headline-grabbing tear as monthly growth rates hit a 21-year record on a national basis led by huge gains in Sydney and Melbourne markets which are rising at an annualised rate of 23 per cent. The floodgates have started to open … Continue reading

2 Dec 2019 (AFR) – Slide in retail values will get faster and sharper, warns Fidelity

(2 December 2019, AFR, p33, Nick Lenaghan, Property Editor) ‘A far-reaching devaluation of retail property assets, in Australia and around the world, may take years to play out as landlords are forced to accommodate retailers hit by a historic shift in consumption patterns, according to British investment manager Fidelity. In one of the most bearish … Continue reading

2 Dec 2019 (AFR) – Property: Demand remains strong as auctions ramp up

(2 December 2019, AFR, p7, Ingrid Fuary-Wagner, Reporter) ‘Demand for real estate held strong over the weekend as auction activity ramped up across the country’s property markets. More than 3000 homes were scheduled to go under the hammer across the capital cities last week, the busiest period since March 2018, according to CoreLogic. It was … Continue reading

2 Dec 2019 (AFR) – East coast property market surges – Clock ticking: cities’ prospects mixed

(2 December 2019, AFR, p6, Duncan Hughes, Reporter) ‘Sydney, Melbourne, Brisbane and other eastern seaboard cities are shrugging off the property downturn and starting to recover as falling rates and rising confidence boosts supply and sales. But other capitals, such as Adelaide, Perth and Darwin, continue to languish at the bottom of the market as … Continue reading

30 Nov 2019 (AFR) – Credit growth in the doldrums despite property rebound

(30 November 2019, AFR, p6, Matthew Cranston, Economics correspondent) ‘Credit growth for investor housing has set another record low, while owner-occupier credit has barely turned up despite the strong rebound in property prices. Annual investor credit growth is the lowest since records were first kept in 1977, which may indicate that three interest rate cuts … Continue reading

27 Nov 2019 (TheAge) – Land sales pick up in Melbourne’s outer suburbs

(27 November 2019, The Age, Business, p26, By Simon Johanson) ‘Land sales in Melbourne’s fringe housing estates are playing catch up to the city’s middle-ring and inner-city suburbs, recovering from a three-year slump, new figures show. The number of land lots sold across Melbourne and Geelong’s new home estates in the September quarter rose 48 … Continue reading

25 Nov 2019 (AFR) – Sydney auctions run hot as FOMO fuels the market

(25 November 2019, AFR, p6, Nila Sweeney, Reporter) ‘Sydney’s booming auction market is on track to stage its strongest November performance since 2016, as the fear of missing out drove buyers to snap up the scarce offering and push clearance rates to un-seasonally high levels. CoreLogic figures show preliminary auction clearance rates surged to 82.3 … Continue reading