Australian Property

Click to view Core Logic-RP Data’s latest weekly housing market update, which provides a useful snapshot of the housing market as at 19 July 2015.

According to Alan Kohler: The problem, in short, is that Australian house prices are not in a bubble, and are, instead, in a ‘new normal’ and are not going to come down on their own.

By Leith van Onselen BIS Shrapnel is warning of a imminent housing glut by 2018, which it argues will hit Melbourne’s and Perth’s markets most severely.

Core Logic-RP Data released its auction market report last night, which revealed a slight improvement in the national auction clearance rate.

By Leith van Onselen ABC Radio this morning ran a segment on how Australia’s real estate agents are making out like bandits selling homes to Chinese nationals: Bridget Brennan spoke with Sydney developers and agents overhauling the way they do business.

By Leith van Onselen Robert Gottliebsen (“Gotti”) has penned an article this morning claiming that Sydney and Melbourne house prices have come “off-the-boil”: It is clear that lower migration has helped take the Sydney and Melbourne housing markets off the boil.

By Leith van Onselen In the wake of the RBA’s call to have negative gearing and the capital gains tax (CGT) discount reviewed, former Treasurer, Peter Costello, yesterday denied that the tax lurks had pushed-up property values.

By Leith van Onselen In the week ended 16 July 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, jumped another 0.68% – the fourth consecutive week of strong rises (see next chart). Values rose across all major capitals except Adelaide (see next chart).

By Ross Elliott, author of The Pulse: Much has been written about the ageing of our population but less is known about the implications for housing and caring for them.

By Leith van Onselen After admitting in May that superannuation reform was inevitable in the interests of budget sustainability, Treasurer Joe Hockey has once again ruled-out ever changing superannuation tax settings.

By Leith van Onselen The mining bust in Western Australia is fast turning into a housing bust.

By Leith van Onselen Once again, the Coalition has been caught out lying on negative gearing, claiming that last time it was ‘abolished’ (i.e. losses quarantined) – between 1985 and 1987 – it pushed up rents.

From The Australian today: The Australian economy is now adjusting to the new normal of mid-tier commodity prices, record-low interest rates, a lower dollar and the shuffling of people and resources from one location to another, from industry to industry.

By Leith van Onselen The ABS has released dwelling construction data for the March quarter of 2015, which registered a solid pick-up in overall construction activity despite a significant divergence between the house and unit segments.

From Sydney Morning Domain: Australia’s property brokers are cashing in on China’s stock market calamity.

By Leith van Onselen PIMCO, the world’s biggest bond manager, has followed up on its report last month raising the alarm on Australian household debt, issuing another warning last night that Australian households are vulnerable to a housing correction.

By Leith van Onselen The Grattan Institute has released a working paper entitled Property Taxes, which makes a welcome addition to the debate about how to best reform Australia’s tax system.

By Leith van Onselen Former Treasury Secretary, Dr Martin Parkinson, reckons he knows why Sydney housing is so expensive.