Australian Property

By Leith van Onselen To be sure, the CBA money laundering scandal is a big deal.

By Leith van Onselen CoreLogic’s latest Pain & Gain report noted that more than one-third of Perth apartments sold at a loss in the March quarter of 2017: Now, property adviser and valuer, Rod Davidson, is predicting that the downturn could last for years.

Cross-posted from The Conversation: A new report by the Australian Housing and Urban Research Institute (AHURI) reveals, for the first time, the extent of housing need in Australia.

By Martin North, cross-posted from the Digital Finance Analytics Blog: Digital Finance Analytics has released the July results from our Household Finance Confidence Index, which shows a further fall, with momentum decaying.

CoreLogic released its auction report yesterday, which reported a slight firming in the national auction clearance rate to 71.5% from 70.7% last weekend, but was just below the 72.2% recorded in the same weekend last year: Auction volumes nationally were 1,846 – above the 1,540 recorded in the same weekend last year.

By Leith van Onselen CoreLogic has released its June 2017 Mapping the Market Report, which examines how the cost of housing has shifted across Australia’s capital cities by suburbs over the past five years to June 2017.

By Leith van Onselen REA chief economist, Nerida Conisbee, has penned another self-serving article calling on governments to encourage the building of more apartment blocks to help ‘solve’ Australia’s housing affordability crisis.

By Leith van Onselen With the ABS yesterday releasing its dwelling approvals data for the June quarter, it’s an opportune time to once again examine how dwelling construction is tracking against population growth at the national and state and territory levels.

Cross-posted from The Conversation: The traditional Australian suburban backyard is being lost to higher-density housing and massive project homes on small lots.

By Leith van Onselen The 2017 Household Income and Labour Dynamics in Australia (HILDA) survey reveals that the majority of young families are now renting or living with their parents.

Cross-posted from The Conversation: Home ownership among young people is declining, as mortgage debt almost doubles for the same age group, results from the Household Income and Labour Dynamics in Australia (HILDA) survey show.

By Leith van Onselen From SQM Research comes stock on market figures for the month of July, which reported a 5.1% fall in listings over the month and a 9.0% decrease over the year: Listings fell across all jurisdictions in July, with Hobart (-10.5%), Melbourne (-7.4%), and Adelaide (-6.2%) recording the biggest increases.

Cross-posted from The Conversation: Contrary to the image a property investor might conjure up – a wealthy full-time property speculator – most residential investors in Australia don’t actually rely on it as their primary source of income.

By Martin North, cross-posted from the Digital Finance Analytics Blog: Digital Finance Analytics has released mortgage stress and default modelling for Australian mortgage borrowers, to end July 2017.  Across the nation, more than 820,000 households are estimated to be now in mortgage stress (last month 810,000) with 20,000 of these in severe stress.

By David Collyer, cross-posted from Prosper Australia: The Greens have a new housing policy out.