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This tag is associated with 1229 posts

18 Oct 2019 (AFR) – RBA tips housing supply shortfall

(18 October 2019, AFR, p4, Matthew Cranston) ‘Reserve Bank deputy governor Guy Debelle said a shortfall in housing supply was “quite likely” in the foreseeable future and that would trigger a “larger price response” in property values. Dr Debelle said demand for housing would continue to grow and 2020 could be the year construction bottoms … Continue reading

16 Oct 2019 (AFR) – Rental (housing) market weakens following housing boom

(16 October 2019, AFR, p32, Nila Sweeney, Reporter) ‘Rental markets have weakened during the past three months as demand struggles to soak up the excess supply created by high investor activity during the recent housing boom, the latest CoreLogic Quarterly Rental Review shows. Nationally, rental rates dropped 0.3 per cent over the September quarter, reversing … Continue reading

15 Oct 2019 (AFR) – Meet Australia’s new million-dollar suburbs

(15 October 2019, AFR, p38, Nila Sweeney, Reporter) ‘Sixty-eight Australian suburbs have surged past the million-dollar mark in the past three months after buyer confidence returned following the Coalition’s federal election victory and the RBA began cutting interest rates in June. The rise in million-dollar localities represents a 0.80 per cent increase in the number … Continue reading

14 Oct 2019 (AFR) – Sydney (residential) rental vacancy rate drops

(14 October 2019, AFR, p33, Su-Lin Tan, Reporter) ‘Rental vacancies in Sydney dropped to 2.9 per cent, the lowest in a year, led by areas such as Chatswood, Auburn and Arndell Park, the latest REINSW Residential Vacancy Rate Report shows. September’s decline from 3.6 per cent in August brought the city-wide level below 3 per … Continue reading

12 Oct 2019 (AFR) – First-time investors fuel home loan surge

(12 October 2019, AFR, p5, Nila Sweeney, Reporter) ‘First-time property investors are driving a surge in home loan approvals, lured into the market by low interest rates and loosening credit rules, particularly from smaller lenders, brokers said. Investor home loans grew at their fastest pace in almost three years in August according to data released … Continue reading

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

10 Oct 2019 (AFR) – Sydney house rents suffer biggest drop in 15 years

(10 October 2019, AFR, p31, Ingrid Fuary-Wagner, Reporter) ‘Rents in Sydney recorded the biggest annual drop in 15 years as the large volume of stock on the market and still-weak investor appetite pushed house rents down 4.5 per cent and unit rents down 4.6 per cent. Over the September quarter, house rents fell in Sydney … Continue reading

10 Oct 2019 (AFR) – The property downturn is over. But for all those who depend on housing – the builders, the financiers, the real estate agents, and the state treasurers – the longer-term outlook remains subdued

(10 October 2019, AFR, p30,  Robert Harley, Contributor) ‘But for all those who depend on housing – the builders, the financiers, the real estate agents, and the state treasurers – the longer-term outlook remains subdued. The metrics of housing – sales turnover, mortgage approvals, and even the latest construction numbers – are beginning to show … Continue reading

10 Oct 2019 (AFR) – Melbourne, Sydney and Brisbane property markets climb off bottom

(10 October 2019, AFR, p29, Duncan Hughes, Reporter) ‘Property markets in Sydney, Melbourne and Brisbane rebounded from their depths and are starting to recover as buyer confidence improves and prices rise, according to analysis by national valuer Herron Todd White (HTW). But markets in other major mainland centres, including Darwin and Perth, continue to linger … Continue reading

5 Oct 2019 (AFR) – Rainbows stay at home rather than pay pot of gold to move

(5 October 2019, AFR, p10, Duncan Hughes, Reporter) ‘High stamp duty and moving costs are contributing to households staying in their homes more than 30 per cent longer then a decade ago, contributing to record low property volumes. A typical household could spend up to 10 per cent of their sale price in state government … Continue reading

2 Oct 2019 (TheAge) – Bubble fears are back: Property prices threatening to get out of control

(2 October 2019, The Age, Business, p23, Elizabeth Knight) ‘The government, regulators, the Reserve Bank were all hoping for an orderly upturn in house pricing. But the price gains recorded in September suggest the bounce is proving to be anything but orderly – prices are threatening to spin out of control. Fear of missing out … Continue reading

2 Oct 2019 (AFR) – Housing stock dip defies spring trend – Listings dry out across the board

(2 October 2019, AFR, p37, Nila Sweeney, Reporter) ‘Stock levels dropped 4 per cent across the country during September – traditionally a strong month for selling – reversing the 2.9 per cent rise in listings recorded in August as hungry buyers bought up available homes. In Sydney, housing stock fell by 5.7 per cent, Melbourne … Continue reading

2 Oct 2019 (AFR) – Building approvals fall again in August

(2 October 2019, AFR, p35, Michael Bleby, Senior Reporter) ‘The prospects for new housing supply worsened further in August as approvals contracted for the fifth month out of the past six, pulled lower by weaker detached houses. Total new dwelling approvals fell 1.1 per cent, confounding expectations for a 2 per cent pick-up after July’s … Continue reading

2 Oct 2019 (AFR) – House hunters can’t win: Rate cut could fuel 15pc extra borrowing

(2 October 2019, AFR, p5, Ingrid Fuary-Wagner, Reporter) ‘A rapid bounce back in prices and a new record low cash rate has house hunters feeling the heat just four months into a market recovery from a two-year downturn. House prices in the country’s two largest markets, Sydney and Melbourne, gained momentum in September, growing by … Continue reading

1 Oct 2019 (AFR) – Rate cuts not helping record low housing credit

(1 October 2019, AFR, p5, Matthew Cranston, Economics correspondent) ‘Credit growth for housing has recorded its lowest annual growth since records were first kept in 1977, raising concerns that people are not taking advantage of consecutive interest rate cuts. Housing credit growth dipped to 3.1 per cent according to the Reserve Bank of Australia’s latest … Continue reading

30 Sept 2019 (AFR) – Price rises set the housing market up for another boom

(30 September 2019, AFR, p22, Sarah Turner, Reporter) ‘All the ingredients for another house price boom are in place, economists have warned, after prices rose again in August and stirred the fears among market watchers already uncomfortable with high household leverage. Economists participating in The Australian Financial Review’s September quarter survey were struck by the … Continue reading

30 Sept 2019 (AFR) – Home buyers return for busy time as prices rise – Sydney records busiest weekend for the year

(30 September 2019, AFR, p6, Duncan Hughes) ‘A town house in Sydney’s popular north shore sold at public auction for $50,000 above reserve while Melbourne’s top sale topped the reserve price by more than $200,000 at a private auction. Real estate agents claimed strong demand continued to outpace supply in the nation’s property capitals because … Continue reading

23 Sept 2019 (AFR) – Auction clearances hold steady even as volumes rise for spring

(23 September 2019, AFR, p6, Nick Lenaghan, Property Editor) ‘Clearances rates across the major markets of Sydney and Melbourne have held up amid a surge in auction listings as the traditional spring selling season gains momentum. Nationally the clearance rate was 74 per cent, on preliminary figures from CoreLogic. Sydney was at 76.6 per cent … Continue reading

18 Sept 2019 (AFR) – Sydney median house price rises in June quarter

(18 September 2019, AFR, p32, Michael Bleby, Senior Reporter) ‘Sydney’s median house price rose to $875,000 in the June quarter, marking the first increase in a year as buyers returned to the market after the federal election and greater optimism about prospects for the property market. The higher median price – up from $870,000 in … Continue reading

18 Sept 2019 (AFR) – Victoria to slip back into housing deficit as approvals slump

(18 September 2019, AFR, p30,  Michael Bleby, Senior Reporter) ‘Victoria is headed for a stark shortage of housing after a collapse in new housing approvals last year shrank the pipeline of new homes and pulled the country’s second-largest state back into a development deficit, the Urban Development Institute of Australia says. New dwelling approvals sank … Continue reading

18 Sept 2019 (AFR) – Non-housing building expected to bounce back

(18 September 2019, AFR, p30, Ingrid Fuary-Wagner, Reporter) ‘Construction of non-residential property is expected to bounce back from recent short-term weakness and hit record highs despite the void in the retail sector and no big projects on the horizon. According to forecasts by BIS Oxford Economics, construction not related to residential property is expected to … Continue reading

16 Sept 2019 (AFR) – Auction clearances hit a ceiling, recede from frenzy

(16 September 2019, AFR, p2, Michael Bleby, Senior Reporter) ‘The home-buying frenzy paused for breath on Saturday as auction clearance rates fell back from the previous week’s high, even as buyers looked to return to the market and demand for home loans continued unchecked. Sydney and Melbourne both posted lower preliminary clearance rates, bringing the … Continue reading

13 Sept 2019 (AFR) – Melbourne land prices falling as lot sizes shrink

(13 September 2019, AFR, p34, Larry Schlesinger, Reporter) ‘The median price of a housing lot in Melbourne’s growth corridors fell 4 per cent to $312,000 in the three months to June, according to new figures from real estate group Oliver Hume. Discounting for incentives, which  average between $15,000 and $30,000 per lot but are higher … Continue reading

12 Sept 2019 (AFR) – Residential property: Suburbs that have quietly bolted

(12 September 2019, AFR, p38, Nila Sweeney, Reporter) ‘Australia’s biggest property markets are just coming out of the downturn but some areas have already bolted, new data from CoreLogic shows. Over the past 12 months, a number of lifestyle suburbs and affluent areas around the country have surged by at least 10 per cent even … Continue reading

9 Sept 2019 (AFR) – Endangered Bay Area species: the new home

(9 September 2019, AFR, p34, Louis Hansen) ‘… The couple is part of an endangered species – owners of a new Bay Area home. In a region of more than 7 million people, just 266 new homes, townhomes and condos were sold in January. It was the lowest number of monthly new home sales in … Continue reading

9 Sept 2019 (AFR) – Auction clearances show a market in turnaround

(9 September 2019, AFR, p6, Su-Lin Tan, Reporter) ‘Auction clearance rates in Sydney and Melbourne continued to rise in the first week of spring, and according to new research it’s not just because there is nothing to buy. Sydney’s preliminary auction clearance rate closed at 83.1 per cent, while Melbourne’s figure was 76.6 per cent, … Continue reading

3 Sept 2019 (AFR) – ‘Significant’ step up in house price growth

(3 September 2019, AFR, p1, Ingrid Fuary-Wagner, Reporter) ‘Cheap money compounded by a looming housing shortage could push property prices 20 per cent higher over the next couple of years, with competition among house hunters already ramping up just three months into a market recovery. A backlog of eager buyers tussling over limited stock led … Continue reading

31 Aug 2019 (AFR) – Is the house price boom back? Prices are rising fast again in Sydney and Melbourne at an annualised pace north of 6 per cent, but the RBA has much more heavy lifting to do to get inflation up and the jobless rate down.

(31 August 2019, AFR, p29,  Christopher Joye, Columnist) ‘Prices are rising fast again in Sydney and Melbourne at an annualised pace north of 6 per cent, but the RBA has much more heavy lifting to do to get inflation up and the jobless rate down. Pity the perma-bears, because the great Aussie housing boom is … Continue reading

31 Aug 2019 (AFR) – New apartment approvals fall to seven-year low in July

(31 August 2019, AFR, p5, Michael Bleby, Senior Reporter) ‘New apartment approvals fell to their weakest monthly total in seven years in July, as developers held back applications for new projects at a time of depressed demand for off-the-plan apartments, pulling total new dwelling approvals down 9.7 per cent. The 19.6 per cent slump in … Continue reading

31 Aug 2019 (AFR) – Housing price dilemma for RBA

(31 August 2019, AFR, p4, John Kehoe, Senior Writer) ‘A new debt-fuelled house price bubble is at risk of reflating from the Reserve Bank of Australia’s interest rate cuts, as it tries to negate an anticipated slowdown in economic growth next week to the weakest pace since the global financial crisis.’ <snipped…> ‘The large Sydney … Continue reading

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