Australian Property

Here’s the chart now down 89.5% There’s no news.

By Leith van Onselen A panicked NSW Government has hit-out at the federal Labor Party’s negative gearing reforms, claiming it would reduce the state’s stamp duty receipts by between 0.8% and 1.3%.

Via Fitch today: Housing Downturn Fears Escalate:Within the space of a year, falling house prices have risen to be the most serious threat to Australian credit markets, according to Australian fixed-income investors.

Via Martin North: Digital Finance Analytics (DFA) has released the April 2019 mortgage stress and default analysis update.

Via the AIG: In my experience this PMI is a much better guide to residential than it is commercial ore engineering work.

By Leith van Onselen With Friday’s release of dwelling approvals data for the March quarter, it’s once again time to examine how Australia’s dwelling construction is tracking against population growth.

By Leith van Onselen Labor’s proposed negative gearing reforms could stop the proliferation of low quality high-rise shoe box apartments across Australia’s capital cities, according to Rod Fehring, the Australian chief executive of multinational developer Frasers Property.

CoreLogic has released its preliminary auction report, which reported a rebounding auction clearance rate, albeit on very weak volumes.

Via Westpac: Given the intense focus on Australia’s housing markets at the moment and in light of our recent commentary around the best way to interpret auction market results (seehere) we are now providing short previews each Friday and summary updates the following Monday setting out how results should be viewed.

Earlier this week, I released detailed analysis of state and territory stamp duty receipts for the 2017-18 financial year, which was released by the ABS.

Via Cameron Kusher at CoreLogic: With the release of the Consumer Price Index (CPI) for March 2019 over the past week, the low rate of inflation is resulting in larger inflation adjusted (or real) dwelling value falls.

By Leith van Onselen The Housing Industry Association (HIA) has released its March new home sales report, which recorded another 0.1% decline.