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Australian Property
It’s official: Chinese have abandoned Aussie property
Leith van Onselen
3 years ago
18
Sydney auctions power through COVID outbreak
CoreLogic’s preliminary report on the weekend’s auctions reported a stable clearance rate led by strong results from Sydney, despite the growing COVID outbreak.
Leith van Onselen
3 years ago
8
Sellers cash-in big time on property boom
CoreLogic has released its March quarter Pain & Gain Report, which reveals that 90.3% of sales nationally were at a profit – above the decade average of 89.0%: 90.6% of regional resales saw a profit through the March quarter, compared with 90.0% of capital city resales.
Leith van Onselen
3 years ago
9
CoreLogic weekly house price update: stronger
In the week ended 24 June, the CoreLogic daily dwelling values index surged another 0.48%: Sydney’s led the way again, with dwelling values rising another 0.59%.
Leith van Onselen
3 years ago
2
Final auction clearances rise on big volumes
Leith van Onselen
3 years ago
Finally some winter cooling for mortgages
Later than usual and still less cooling than normal but easing off.
David Llewellyn-Smith
3 years ago
2
Melbourne’s property market slowing
Melbourne’s property price growth has slowed materially over the past month, as illustrated by the quarterly growth rate falling from a peak of around 6.2% to around 4.8% currently: The most obvious reason for the slowdown is Melbourne’s recent hard lockdown, which no doubt played a part.
Leith van Onselen
3 years ago
5
Rental affordability worsens amid tightening market
Suburbtrends has reported that 51% of the 2,809 house markets it assessed require families to spend more than 30% of their household income on rent, due to dwindling rental supply.
Leith van Onselen
3 years ago
6
NSW budget whacks developers with $600m value uplift tax
Last month, the Victorian Budget implemented a new windfall gains tax for properties whose value is boosted by a council rezoning.
Leith van Onselen
3 years ago
3
Aussies world’s richest thanks to expensive homes
One ‘benefit’ of having some of the world’s most expensive homes, alongside a high home ownership rate, its that it makes households ‘rich’.
Leith van Onselen
3 years ago
16
Collapsed immigration solves NSW’s housing shortage
Leith van Onselen
3 years ago
2
7 years to save for a crappy Sydney house
Domain analysis indicates Sydney first-home buyers now need to save for seven years and one month for a deposit for an entry-level home, up six months on a year ago.
Leith van Onselen
3 years ago
17
Why is Perth’s housing market lagging?
For all intents and purposes, Perth Property should be experiencing a mega boom.
Leith van Onselen
3 years ago
55
Gottiboff screams ‘apartment shortage’
Leith van Onselen
3 years ago
20
Greens seek to kill responsible lending reforms
Yesterday, Treasurer Josh Frydenberg defended the Coalition’s proposed wind back of responsible lending laws, telling reporters they are essential to helping the economy recover from COVID: “Ensuring consumers and small businesses can get timely access to credit as the economy continues to recover from the COVID crisis”.
Leith van Onselen
3 years ago
11
Sydney pushes auction clearances higher
Leith van Onselen
3 years ago
2
Auction market signals weaker property price growth
Leith van Onselen
3 years ago
5
Phil Lowe: Macroprudential to come before rate hikes
Leith van Onselen
3 years ago
7
CoreLogic weekly house price update: rocket fuel
In the week ended 17 June, the CoreLogic daily dwelling values index surged another 0.42%: Sydney’s led the way again, with dwelling values rising another 0.59%.
Leith van Onselen
3 years ago
25
Why mortgage stress has risen
Leith van Onselen
3 years ago
4
Aussie property values up 10% since start of pandemic
Leith van Onselen
3 years ago
25
No ABC, tiny houses aren’t “real estate”
The ABC has published another story touting tiny houses as “one way young people can afford real estate”: For Lucy and Jonty, the cost of their tiny house was around $120,000, including solar panels.
Leith van Onselen
3 years ago
28
Australia’s rental market tightest since 2012
SQM Research has released its rental vacancy report for May, which reports a national rental vacancy rate of only 1.8% – the lowest level of vacancies since October 2012.
Leith van Onselen
3 years ago
7
OECD blames restrictive planning and zoning for expensive housing
The OECD has blamed Australia’s restrictive planning and zoning for driving the fourth sharpest property price increase in the developed world over the past 20 years: Paris-based OECD director of policy studies in the economics department, Luiz de Mello, said low interest rates had contributed to rising house prices.
Leith van Onselen
3 years ago
15
Aussie housing values now four-times larger than economy
The ABS yesterday released its property price data for the March quarter, which valued Australia’s dwelling stock owned by households at $7.9 trillion, whereas the total housing stock was valued at $8.3 trillion.
Leith van Onselen
3 years ago
24
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