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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

11 July 2019 (AFR) – Landlords cop biggest drop in rent in 15 years

(11 July 2019, AFR, p32, Ingrid Fuary-Wagner, Reporter) ‘Sydney has experienced the biggest percentage fall in rents in more than 15 years as the “last legs” of the city’s apartment boom gives an extra boost of supply to the market and tenants are left with more choice than ever. Over the year, asking rents for … Continue reading

11 July 2019 (AFR) – The worst of the property downturn is over

(11 July 2019, AFR, p4, John Kehoe, Senior Writer) ‘Financial authorities and home buyers believe the worst of the housing downturn is over, with regulators saying there has been a stabilisation of Sydney and Melbourne real estate markets and the slowdown in property loans levelling off. Consumers believe it is the best “time to buy … Continue reading

9 July 2019 (AFR) – Sydney and Melbourne house sales recovering slowly

(9 July 2019, AFR, p4, Su-Lin Tan, Reporter) ‘The housing recovery is slowly creeping into the outer suburbs of Sydney and Melbourne as confidence returns, but a boom-time price rise is not likely, real estate agents say. The weekend saw a strong leap in preliminary auction clearance rates for big auction markets Sydney and Melbourne … Continue reading

8 July 2019 (AFR) – The property market recovery gains momentum

(8 July 2019, AFR, p4, Nick Lenaghan, Property Editor) ‘The housing recovery is gaining momentum as buyers, buoyed by better borrowing conditions, stake their claim in a smaller pool of homes on the market. With fewer properties on the market, buyers’ appetite pushed the preliminary clearance rate in Sydney to 78.2 per cent from the … Continue reading

3 July 2019 (AFR) – Cautious optimism – Housing buyer sentiment given another boost

(3 July 2019, AFR, p24, Duncan Hughes, Reporter) ‘Weak buyer sentiment has been given another boost by the RBA’s second cut in two months. Rising auction clearance rates, stabilising property prices and an increase in auction volumes are telltale signs for investors and owner-occupiers that key markets are beginning to recover after two years in … Continue reading

2 July 2019 (AFR) – Property recovery starts in Sydney, Melbourne

(2 July 2019, AFR, p3, Ingrid Fuary-Wagner, Reporter) ‘Property price growth in Sydney and Melbourne is in positive territory for the first time since the market peaked in 2017, as lower mortgage rates and improved buyer sentiment in combination with a dearth of new listings spurs a market recovery. Values grew slightly by 0.2 per … Continue reading

1 July 2019 (AFR) – Capitals hit bottom of property cycle

(1 July 2019, AFR, p3, Duncan Hughes, Reporter) ‘The nation’s major mainland capitals are at the bottom of the property market after months of declining clearance rates, price falls and weakening market sentiment, according to analysis by Herron Todd White, one of the nation’s largest valuation companies. Melbourne, Perth, Darwin and Brisbane are at the … Continue reading

29 June 2019 (AFR) – Housing party is just getting started – With property prices on the turn and banks unlikely to pass on full rate cuts, it seems inevitable that the RBA will expand its monetary policy toolkit

(29 June 2019, AFR, p33,  Christopher Joye, Columnist) ‘House prices are climbing again in some areas with Melbourne home values up 0.1 per cent in June in what is the first capital gain the city has recorded since November 2017. According to CoreLogic, Sydney has also experienced its best monthly result (-0.1 per cent) since … Continue reading

27 June 2019 (AFR) – Sydney house prices to grow 7pc by end of 2020

(27 June 2019, AFR, p3, Ingrid Fuary-Wagner, Reporter) ‘The residential property market will start to recover from a two-year downturn in the second half of this year with house prices in Sydney to grow 2 per cent by Christmas followed by up to 5 per cent growth in 2020. According to Domain Group’s latest property … Continue reading

24 June 2019 (AFR) – Auctions keep post-election energy

(24 June 2019, AFR, p9, Su-Lin Tan, reporter) ‘Sydney and Melbourne auctions have kept up their post-election energy but low auction volumes are likely to weaken the market pulse while house prices are still largely flat. This is the second month of a steady lift in housing activity since the federal election and Sydney posted … Continue reading

17 June 2019 (AFR) – Auction results strongest in more than a year

(17 June 2019, AFR, p3, Larry Schlesinger, Reporter) ‘The housing market surged back to life in the first big auction weekend since the Reserve Bank cut the cash rate to a record low of 1.25 per cent on June 4. CoreLogic recorded a preliminary national clearance rate of 66.4 per cent from almost 1500 auctions … Continue reading

14 June 2019 (TheAge) – Rise in home buyer defaults hits developer Stockland

(14 June 2019, The Age, Business, p33, By Carolyn Cummins and Simon Johanson) ‘A rise in home buyers defaulting on house-and-land sales has prompted Stockland, one of the country’s largest residential developers, to warn it will impact on the group’s second half earnings.’ Read more at TheAge.ocm.au

6 June 2019 (AFR) – Demand for property slumps 20pc

(6 June 2019, AFR, p41, Duncan Hughes, Reporter) ‘Demand for housing by new and existing residential property buyers slumped by nearly 20 per cent during the first three months of year, despite lower interest rates, improved affordability and cheaper prices, according to new analysis. But the recent federal election outcome, more rate cuts, improving confidence … Continue reading

6 June 2019 (AFR) – The bottom is in sight, but wait for the rebound – Let’s not get ahead of ourselves

(6 June 2019, AFR, p33, Robert Harley, Contributor) ‘Let’s not get ahead of ourselves. Sure, the house price slide is coming to an end. But a sharp rebound in general prices is unlikely, and from, a social and economic perspective, unwanted. The sentiment towards housing has clearly turned. The Commonwealth Bank, Mirvac and Stockland have … Continue reading

6 June 2019 (AFR) – $1.8 billion of big ticket Brisbane properties in play

(6 June 2019, AFR, p32, Ingrid Fuary-Wagner, Reporter) ‘Deep-pocketed investors with an eye on Brisbane’s CBD are more spoilt for choice than ever before, with about $1.8 billion worth of big-ticket commercial properties on the market or in due diligence. Owners of large-scale towers in the Queensland capital are cashing in on fresh interest from … Continue reading

6 June 2019 (AFR) – Meriton Altitude apartment resold at 23pc below off-the-plan price

(6 June 2019, AFR, p30, Su-Lin Tan, Reporter) ‘A two-bedroom apartment at Meriton’s Altitude apartment tower in Parramatta in Sydney’s west has sold at 23 per cent below its off-the-plan price, as the apartment market continues to struggle.’ Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

5 June 2019 (TheAge) – Calling a bottom to residential property’s slide

(5 June 2019, The Age, MONEY supplement, p2, Marcus Padley, Money columnist) ‘The election result was very good news for the residential property market. For the past two years, since the Australian Prudential Regulation Authority introduced tighter lending regulations and the banks were paralysed by the royal commission, the turnaround for processing a new housing … Continue reading

4 June 2019 (AFR) – Has the Sydney market hit bottom?

(4 June 2019, AFR, p31, Ingrid Fuary-Wagner, Reporter) ‘Home values rose in the Sydney market in the 10 days following the federal election, a signal that the long-awaited turnaround in the two-year property slump may already be underway. As a succession of positive news events reverberated through the weak market in the second half of … Continue reading

3 June 2019 (AFR,Bloomberg) – Hong Kong Property Just Hit an All-Time High

(3 June 2019, AFR, p34, by: Shawna Kwan) ‘In the world’s most-expensive real estate market, the sky’s the limit. Property prices in Hong Kong reached an all-time high Friday after relentless gains over the past three months. Home values in the city have now broken their previous record set last August, Centaline data show, making … Continue reading

3 June 2019 (AFR) – Auction clearance rates firm as buyers return

(3 June 2019, AFR, p8, Su-Lin Tan and Nick Lenaghan) ‘Clearance rates have firmed in Sydney and Melbourne as more buyers head out to auctions, buoyed by signs of stimulus in the market and ahead of the winter slowdown. Sydney’s preliminary clearance rate hit a healthy 66.1 per cent, compared to last week’s 62.1 per … Continue reading

30 April 2019 (AFR) – Walking away: Greenfield lot defaults hit 27 per cent in Melbourne

(30 April 2019, AFR, p31, Larry Schlesinger, Reporter) ‘One in four new home buyers in Sydney and Melbourne is defaulting on their housing lot purchases due mainly to financing and valuation shortfalls, forcing developers to resell these lots in a market where monthly sales rates have hit seven-year lows, new figures show.’ Read more at … Continue reading

26 April 2019 (AFR) – Falling house and land prices a drag on inflation

(26 April 2019, AFR, p34, Michael Bleby) ‘Falling prices of house-and-land packages – which have prompted property giant Frasers to invite buyers to negotiate prices on unsold projects – are one of the biggest drags on Australia’s weak inflation figures. Melbourne new dwelling prices dropped 1.2 per cent in the March quarter, official inflation figures … 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

15 April 2019 (AFR) – ‘Cheap as chips’: Sellers slash prices 20pc

(15 April 2019, AFR, p8, Duncan Hughes) ‘Weekend property sales were boosted as sellers in inner Sydney and Melbourne cut prices by up to 20 per cent to seal deals in sluggish markets. Overall auction clearance rates held above 50 per cent for the fourth consecutive week in the last big weekend of sales before … Continue reading

4 April 2019 (AFR) – Credit crunch to blame for sharp fall in property sales

(4 April 2019, AFR, p40, Ingrid Fuary-Wagner) ‘A sharp fall in property sales across Australia, with record lows in regional Victoria, South Australia and Queensland as well as Darwin over the December quarter, is indicative of a bank-driven credit crunch rather than dampened demand from a Sydney and Melbourne-concentrated downturn, industry experts say.’ Read more … Continue reading

28 March 2019 (AFR) – Darwin house prices slump to 2007 levels

(28 March 2019, AFR, p32, Ingrid Fuary-Wagner) ‘Property prices in Darwin are now back to the same level they were in 2007, with anyone who bought a home in the Northern Territory capital in the last 12 years potentially out of the money. An exclusive analysis by CoreLogic for The Australian Financial Review shows a … Continue reading

20 March 2019 (TheAge,SMH) – House prices tumble even faster than during the GFC, as RBA’s concerns grow over jobs market

(20 March 2019, The Age, p7, By Shane Wright) ‘House prices across the country are falling even faster than they did during the Global Financial Crisis amid signs the Reserve Bank will consider an interest rate cut if the jobs market starts to deteriorate. The Australian Bureau of Statistics on Tuesday reported house prices across … Continue reading

19 March 2019 (AFR) – Sydney and Melbourne house price fall sharpest in five downturns since 1965

(19 March 2019, AFR, p29, Su-Lin Tan) ‘The fall in Sydney real house prices is close to hitting its average downturn decline at only halfway through the average downturn cycle, setting it up for the sharpest drop for the city since 1965, a BIS Oxford Economics study shows.’ Read more at AFR.com (might need AFR … Continue reading

18 March 2019 (AFR,Bloomberg) – Canada Home Sales Plummet in February, Signaling Deeper Malaise

(18 March 2019, AFR, p37, by: Josh Wingrove and Erik Hertzberg) ‘Canadian home sales dropped sharply in February in a broad-based retreat that highlighted a deepening slowdown in the sector. Home sales fell 9.1 percent in February from the previous month, the Canadian Real Estate Association said Friday. Transactions slumped 12.6 percent in Toronto and … Continue reading

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