Australian Property

Heil houses!

From CoreLogic’s Cameron Kusher: Housing sales activity slumped during the housing downturn, however the recent trend shows turnover has levelled out as home values rise and mortgage rates reach the lowest level since the 1950’s.

There’s nothing in its way now.

The AFR’s property rent-seeking summit is underway, with attendees warning that housing shortages are set to re-emerge as manic population growth outruns falling dwelling construction: Treasurer Josh Frydenberg has taken the stage.

The high-rise apartment crisis is has spread to construction companies, which are going bankrupt at a record rate across New South Wales.

Yesteray Generalissimo ScoMo ordered more mortgages, at the AFR: Scott Morrison says Australia’s banks must not shy away from lending after the Hayne commission as he pushes back against what he calls an “instinctiveness” in society towards responsible lending standards that are too onerous.

Last week, the ABS has released two crucial pieces of data for Australia’s housing market.

The Productivity Commission (PC) has released a new paper, entitled Vulnerable Private Renters: Evidence and Options, which shows that Australia’s low-income renters have been squeezed hard as public housing supply has failed to keep pace with strong population growth: Australia’s private rental market works well for most people, most of the time.

SQM Research has produced an interesting chart looking at rental yields across Australia’s capital city.

Loan-to-value ratios (LVRs) employed by Australia’s larger non-bank lenders when advancing funds to property developers have fallen from a high of 72% in 2017 to an average of 65%, according to law firm Ashurst.

From CoreLogic weekly leading indexes.

Via Grattan: Spring has sprung in the Australian housing market, at least in Sydney and Melbourne.

With last week’s release of Australia’s population data for the March quarter, it’s once again time to examine how Australia’s dwelling supply is tracking against population growth.

Always watching, watching watching, never doing: At its meeting on 18 September 2019, the Council of Financial Regulators (the Council) discussed risks facing the Australian financial system, regulatory issues and developments relevant to its members.

Never listen to what he says, watch what he does, via Domain: John McGrath, the man once dubbed “Mr Real Estate,” has quietly sold his last remaining property asset.