Australian Property

By Leith van Onselen Australia’s speculator frenzy continues to retreat, according to today’s Lending Finance data for June, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, whereas Victoria (read Melbourne) is also falling.

By Leith van Onselen The backlash against short-stay apartment rentals through portals like Airbnb hitting a crescendo after the violent death of teenager Laa Chol during a wild party in a Melbourne CBD high-rise, the Victorian Government has passed new laws to curb unruly behaviour.

By Leith van Onselen The backlash against Sydney’s hyper immigration-driven population growth and over-development has intensified with Lord Mayor, Clover Moore, warning of high-rise “ghettos of the future” arising from the Berejiklian Government’s proposed higher-density overhaul of the Waterloo social housing estate.

By Leith van Onselen The 29% crash in dwelling values in Perth and Darwin: Along with the surge in rental vacancies in both markets: rental vacancies: And the circa 20% collapse in rents: Has seen mortgage arrears lift in both jurisdictions, as reported by CBA’s full-year profit results.

By Martin North, Principal Analyst at Digital Finance Analytics: One of my clients asked me to share my thoughts on the trajectory of future home loan growth, in the light of the current market dynamics.

By Leith van Onselen Dr Bob Birrell and Dr Ernest Healy from The Australian Population Research Institute (APRI) published a report examining the deleterious impact of Australia’s mass immigration ‘Big Australia’ policy on housing affordability in Sydney and Melbourne.

By Leith van Onselen The latest rental data from the Real Estate Institute of Western Australia (REIWA) was a further kick in the face for Perth landlords (but music to the ears of renters).

Via Banking Day: The volume gains made by non-ADI lenders in the investment mortgage market could come under severe pressure in the next few months as APRA begins to loosen the prudential constraints on lending to investment borrowers.

From Damien Boey at Credit Suisse: Housing finance approvals data for June came in below expectations.

By Leith van Onselen With CoreLogic’s July results reporting another month of falls for Sydney and Melbourne housing, I thought it was timely to take a deeper look at both markets using CoreLogic’s various measures.

By Martin North, Principal Analyst at Digital Finance Analytics: Digital Finance Analytics (DFA) has released the July 2018 mortgage stress and default analysis update.

By Leith van Onselen In October last year, Labor’s open borders immigration extremist, Dr Andrew Leigh, penned a spurious article claiming that Australia’s mass immigration ‘Big Australia’ policy has not pushed-up house prices: An OECD survey of the relevant studies concludes that migrants have a minimal impact on housing prices.

By Leith van Onselen Last month, CoreLogic released data on the change in house and unit values over the past decade throughout each of Australia’s largest sub-state regions (best known as SA4).

By Leith van Onselen CoreLogic’s latest dwelling sales data paints a sobering picture for those groups heavily reliant on property transactions, such as real estate agents and state governments (via stamp duty).

Via Damien Boey at Credit Suisse comes the big three: 1.

John Adams, chief economist at As Good as Gold Australia, has penned another ripping post exposing the fallacious arguments used to defend Australia’s record household debt, which is currently ranked the second highest in the world by the Bank for International Settlements: Australians should treat claims that household debt is not a concern carefully.