Australian Property

During the peak of the last housing cycle in 2017, MB coined the phrase “shrinkflation” to describe the peculiar situation whereby housing prices rise strongly alongside crashing sales volumes.

Martin North from Digital Finance Analytics talks mortgage statistics with FreshCanvas.

The latest quarterly dwelling price results for Sydney shows that values are rising at around 6.4%, which is equivalent to the peaks experienced during the 2015 and 2017 booms: Indeed, since bottoming in May 2019, Sydney dwelling values have surged by around 8.5%.

The Australian Housing & Urban Research Institute (AHURI) has warned that the shortage of affordable rental housing has risen since 2011 and will continue to worsen in coming years.

One of the most profound changes affecting the Australian economy and society this century has been the massive lift in Australia’s net overseas migration (NOM) and population growth under the multi-partisan Big Australia policy.

The ABS yesterday released its property price data for the September quarter, which valued Australia’s dwelling stock owned by households at $6.56 trillion, whereas the total housing stock was valued at $6.87 trillion.

Via the AFR: The Federal Court has set a date for the appeal against the “Wagyu and shiraz” judgment, however the regulator will be meeting a different adversary than the one it faced off against in the first half of 2019.

SQM Research has released its Stock on Market figures for November, which revealed a big 6.3% jump in for sale listings over the month, although listings were still 6.3% lower than the same month last year: As you can see, the rise in listings in November was broad-based, with everywhere rising except for Darwin.

A cabal of property industry parasites has demanded developers be given free rein to transform Sydney’s suburbs into high-rise: The percentage of apartments and houses approved for construction within an 800-metre walk from train stations has been trending down for the past three years, according to research from Urbis.

Via Martin North: DFA has released our mortgage stress survey results to the end of November.

Via the Climate Council today: A long-term warming trend from the burning of coal, oil and gas is supercharging extreme weather events, putting Australian lives, our economy and our environment at risk.

By Gareth Aird, senior economist at CBA: Key Points RBA cuts to the cash rate have generated both a lift in new housing‑related lending and an acceleration in debt repayment.

It is logical that the last thing to fall in modern Australia will be house prices!

Earlier this year, developer Ralan collapsed owing creditors at least half a billion dollars.