Australian Property

From The HIA: “The decline in new home sales which commenced in 2015 has continued with a 6.1 per cent reduction during September 2017,” remarked HIA Senior Economist, Shane Garrett.

CoreLogic’s Cameron Kusher has penned a blog post showing how housing affordability worsened over the June quarter, driven by Sydney and Melbourne: The latest data to June 2017 indicates that, despite the cash rate remaining stable at record lows, housing affordability has generally worsened over the most recent quarter.

By Martin North, cross-posted from the Digital Finance Analytics Blog: The ABS published some revisions to their Household Income and Wealth statistics.

By Leith van Onselen On Friday, the Australian Bureau of Statistics (ABS) released its 2016-17 Australian System of National Accounts (ASNA) data release, which provides a detailed presentation of annual national accounts data.

Last week from Gottiboff: Significant parts of the Sydney apartment market and the associated apartment land markets have cracked and are now suffering serious falls.

From McGrathmaggeddon: Sydney’s once red-hot housing market is likely to see prices plateau or fall up to 5 per cent next year, though if there were a spike in interest rates we could see a “double digit” correction, according to veteran real estate agent John McGrath.

By Leith van Onselen After yesterday warning that “significant parts of the Sydney apartment market and the associated apartment land markets have cracked and are now suffering serious falls”, Gottiboff has returned with another dose of Sydney housing panic: …once the flower of confidence is badly damaged it takes a long while to restore.

From CoreLogic’s Quarterly Housing & Economic Review, released yesterday: CoreLogic previously had concerns that heightened levels of new housing construction and investor participation would cause rents to fall and a year ago rental growth was slowing across most regions of the country.

By Leith van Onselen More evidence has emerged that Sydney’s housing boom looked cooked.

By Martin North, cross-posted from the Digital Finance Analytics Blog: Traditionally in the Australian context loans to property investors have tended to perform better than loans to owner occupiers.

By Leith van Onselen Following Kerry Stokes’ deluded call yesterday that “this is the best time” to buy Perth property and he “staked his reputation on it“, reality has returned with Perth developers offering hefty discounts and incentives to juice buyer demand amid falling prices and rents.

Via Gottiboff: Significant parts of the Sydney apartment market and the associated apartment land markets have cracked and are now suffering serious falls.

Via Better Dwelling: Canadian real estate prices may be softening.

By Leith van Onselen The June quarter consumer price index (CPI) data, released yesterday by the Australian Bureau of Statistics (ABS), revealed continued weak rental growth at the national capital city level.

By Leith van Onselen The September quarter consumer price index (CPI) data, released today by the Australian Bureau of Statistics (ABS), revealed that annual rental growth at the national capital city level is at 23-year lows.

By Leith van Onselen Last month, it was estimated that the ‘Bank of mum and dad’ had become the fifth biggest mortgage lender in the country, with nearly one-third of first home buyers (FHBs) relying on parental assistance.

From West Australian: Billionaire Kerry Stokes has added his weight to the view that conditions are ideal for entering the housing market, staking his reputation on now being the best time to take the plunge.