Australian Property

CoreLogic released its auction report yesterday, which reported a decrease in the preliminary national auction clearance rate to 56.2% from 58.4% last weekend (later revised down to 55.6%).

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 Last month, we argued that Sydney investors were entering a doom loop of falling rents and prices.

By Cameron Kusher, senior research analyst at CoreLogic: The Reserve Bank (RBA) has kept official interest rates sitting at 1.5% ever since August 2016 which represents the longest period of cash rate stability on record.

By Leith van Onselen It hasn’t taken long for Sally Capp – the former executive director of the Property Council of Australia’s (PCA) Victorian branch and new Melbourne Lord Mayor – to be accosted from her former employer.

Moody’s Investor Services has released a new report forecasting that Australian mortgage delinquencies will increase over the next two years as a record number of interest-only (IO) mortgages convert to principal and interest (P&I) loans.

By Leith van Onselen In 2015, Bob Birrell and David McCloskey from the Australian Population Research Institute released an explosive report examining new household and dwelling projections for Sydney and Melbourne for the period 2012 to 2022.

By Leith van Onselen Yesterday’s dwelling values update for June from CoreLogic revealed that Sydney’s dwelling values have declined by 5.4% since values peaked in August 2018.

By Leith van Onselen Last month, The Australian’s Robert Gottliebsen warned that the tightening of lending standards pertaining to self-managed super funds’ (SMSFs) property investments threatened severe financial pain to borrowers caught out by the changes: …This is how the scam worked.

From the AFR: The owners of Australia’s $117 billion listed real estate sector are expecting the market to ‘correct’ and have kept their gearing to historically low ranges in anticipation of this according to feedback received by S&P Global Ratings.

Following on from yesterday’s post on CoreLogic’s daily dwelling values index results for July, which showed that Australian dwelling values fell for the 10th consecutive month, CoreLogic has released its full results, which also cover the smaller capitals and regional areas (see next table).

by Chris Becker Here’s another casualty from the “negative price growth” in Australian houses: Genworth.

Yesterday’s housing finance data from the Reserve Bank of Australia (RBA) delivered further bad news for Australia’s housing market.

From the ACCC: Meriton to pay $3 million for misleading consumers on TripAdvisor 31 July 2018 The Federal Court today ordered serviced apartments accommodation provider Meriton Property Services Pty Ltd, trading as ‘Meriton Serviced Apartments’, to pay penalties of $3 million for manipulating TripAdvisor reviews, in breach of the Australian Consumer Law.