Australian Property

Via Herron Todd White at New Daily: So, what’s wrong with that?

The ABC seems to think so: When Renee Vanson went to her bank, she thought she was in a strong position to refinance her loans.

By Leith van Onselen Over the past few years, senior Coalition ministers claimed repeatedly that Labor’s negative gearing policy would destroy both the housing market and economy.

By Leith van Onselen Yesterday we noted how the impending stamp duty bust in Victoria is already crimping public spending, with the Andrews Government forced to tighten its belt ahead of pay negotiations with the public service.

By Leith van Onselen The NSW Pre-Election Budget Update has been released, which has marked down stamp duty receipts in the wake of Sydney’s bursting property bubble.

By Leith van Onselen With Australia’s housing correction now dragging on for 17 months, and peak-to-trough declines totalling 8.6% at the capital city level, it’s an opportune time to compare this correction with prior episodes.

By Leith van Onselen At the end of 2017, it became apparent that Melbourne’s house and land market had become an giant bubble after the median price for a housing lot hit $318,500 – up 31.5% in only 12 months.

S&P not so sanguine: Key Takeaways – Softening economic conditions are likely to put pressure on mortgage arrears and prepayment rates in the next 12 months.

Via the AFR: ….Average Sydney discounts are about 6 per cent, compared to 5 per cent in Melbourne and about 4.5 per cent in Brisbane, research shows.

By Leith van Onselen Queensland-based Suncorp Group has advised that a $120 million residential mortgage bond may not be able to repay all investors.

By Leith van Onselen The impending stamp duty bust in Victoria is already crimping public spending, with the Andrews Government forced to tighten its belt ahead of pay negotiations with the public service.

By Leith van Onselen With Darwin’s dwelling values crashing, down 27% since their May 2014 peak: The Northern Territory Government has created the most generous (reckless?) first home buyers’ (FHB) scheme.

There’s no reprieve for house prices ahead, according to the weekly CoreLogic update with credit still further down year on year than it was late last year: New listing activity is very weak though unsold stock is very high: Which helps explain the misleading bounce in clearance rates: No turn here.

By Leith van Onselen The AFR’s Michael Bleby has done a terrific job (here and here) examining how Australia’s government’s failed to act on warnings over flammable cladding.

By Leith van Onselen For years, the Housing Industry Association (HIA) has tied itself in knots lobbying against Labor’s negative gearing and capital gains tax (CGT) reforms.