Australian Property

Via Domain: Sally Auld, a managing director and chief economist at investment bank JPMorgan, said a change to the laws would have a potential flow-on effect for house prices, which are already in the doldrums.

This is a new low in political economy stupid: Mortgage brokers are a con.

By Leith van Onselen Domain research analyst, Eliza Owen, has published a report showing that Sydney’s rental vacancy rate is rising at the same time as rents are falling: The Sydney rental vacancy rate has been trending higher.

Cross-posted from The Conversation: The fire at the Neo200 building on Spencer Street in the Melbourne CBD this week has eerie similarities to the Grenfell Tower disaster.

CoreLogic’s leading indices are out and they continue point to further house price weakness.

By Leith van Onselen Independent economist Gerard Minack has released a report explaining why he thinks “a recession in Australia is becoming more likely”.

By Leith van Onselen The mortgage broker locusts continue to swarm the Hayne Royal Commission’s recommendation to overhaul mortgage broking from a commission-based to a user-pays system.

By Leith van Onselen The boom and bust of Perth and Darwin’s housing markets have been well documented on MB.

By Leith van Onselen The Opal Tower farce, which saw residents evacuated from the 34-storey structure after huge cracks were discovered, has forced the NSW Government to undertake a major overhaul of high-rise construction.

The AFR rounded up the property locusts over the weekend to chirp about coming rate cuts.

By Leith van Onselen Family homes are reportedly “flying” at auctions “as pent-up buyer demand sparks competition”, according to Domain.

REA is down 5% so far today on its earnings update: In short, no revenue growth ex-acquisitions.

By Leith van Onselen A conga-line of “experts” have slammed Labor’s $6.6 billion affordable rental scheme, which is aimed at facilitating the construction of 250,000 ‘affordable’ rental dwellings over the next decade.

From Martin North, comes data showing that Australian mortgage stress has surged to new record highs, driven by the bubble/bust epicentres of NSW and VIC: The number of households in severe stress continues to rise.

By Leith van Onselen The fallout from Monday’s fire at the 41-storey Neo200 building on Melbourne’s Spencer Street continues, with Victoria’s Planning Minister, Richard Wynne, reportedly seeking a nationwide ban on combustible cladding, which is present in “thousands of Victorian buildings”.

By Leith van Onselen Australian’s faith in Australian property remains unshakeable, according to the latest ME Bank Household Comfort report.

By Leith van Onselen Credit Suisse expects Domain Holdings’ earnings for the first half of 2018-19 to fall by 16.6%, to $20.6 million.

By Leith van Onselen Financial advisers are warning their clients that Labor’s negative gearing and capital gains tax (CGT) reforms could come into effect as early as 1 July in a bid to minimise voter backlash.