Australian Property

By Leith van Onselen From Sam Jacobs at Business Insider comes yet another report on the torrent of Chinese money flooding Australia’s property market: New restrictions on foreign investors are unlikely to stop the flow of housing demand from China, according to Credit Suisse analysts Hasan Tevfik and Peter Liu.

By Leith van Onselen Several pieces of data have come to light illustrating just how bad Perth’s housing market is traveling at present.

By Leith van Onselen The ABS has released dwelling construction data for the June quarter of 2017, which recorded falls in both annual dwelling commencements and completions.

From The Kouk: Much is being made of the record level of household debt in Australia.

By Leith van Onselen The 2016 Census painted a dire picture for Sydney’s growing army of renters.

Via Domain: It’s the important week in every real estate agent’s calendar when the red carpet is rolled out for Chinese visitors touring Sydney for its real estate.

By Leith van Onselen With a growing share of Melbournians now in insecure rented accommodation: The Victorian Government has released new residential tenancy laws to improve renters’ rights and increase their security of tenure.

From Corelogic today: Mortgages going nowhere but neither are listings… It’s interesting to look at sub-regional clearance rates: It’s definitely the Sydney mortgage belt that is leading that city lower, as expected.

By Leith van Onselen The ABC ran an article over the weekend challenging the view that Chinese non-resident buyers are inflating Australian housing values: It’s a common perception that Chinese buyers are descending upon Australia and driving up housing prices to unaffordable levels.

It’s a truly ridiculous editorial tightrope that Jess Irvine has decided to walk.

By Leith van Onselen Last week, it appeared that we might actually see some belated action by our politicians to ban the importation and use of flammable cladding similar to the type used on London’s Grenfell apartments, which erupted into a fire ball earlier this year torching at least 80 people.

Via Bloomie: Sydneysiders are cashing out of their million-dollar homes in favor of cheaper houses in the tropical north, says Macquarie Bank Ltd.

Via Big Sleazy today:  Commonwealth Bank chief executive Ian Narev called on policymakers to do something about housing affordability and stagnant wage growth.

We like Chris Kohler’s attempts to bring rationality to the housing bubble.

By Leith van Onselen John Cassara, a former US Treasury official and undercover intelligence agent, is the latest to shame Australia for failing to enact global anti-money laundering (AML) rules for real estate gatekeepers.

By Leith van Onselen The NSW Office of State Revenue has updated its stamp duty data for August 2017, which showed that stamp duty receipts may have peaked after a monumental five-year boom that has lined the State Government’s pockets.

By Leith van Onselen From The AFR comes the eternal question about whether Perth’s housing market is finally recovering: The volume of Perth home sales has risen 1.4 per cent in the past year, as green shoots continue to appear in the beleaguered WA housing market.

Today it’s the bubble: Home ownership among young Australians has fallen to the lowest level on record, as an explosive property boom squeezes out all but the wealthiest.