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Property panic: Don’t believe the hype!
With ever increasing media attention focused on our national property markets, sometimes it’s difficult to sort through all the information and statistics bombarding us. Whether it be on the TV, in the papers or on the radio, everyone wants to tell us how poorly property …
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Are Australian homes most overvalued in the World?
Are the world’s ‘most overvalued homes’ in Australia? • Fears of a ’house price bubble’ – The Economist • US house prices only overvalued 3pc AUSTRALIANS love to watch their home values rise but a leading magazine says they are way overvalued. The latest quarterly …
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Property sector bullish on rebound from the floods!
“We have $800 million worth of projects going on in Queensland and Victoria and none have been affected by the floods,” David Devine, co-founder of Metro Property Development, said, The Australian reports. “We have high-rise apartments in Bowen Hills, Indooroopilly, South Brisbane and Fortitude Valley …
Mortgage Choice CEO reaction to August housing finance data
The CEO of Australia’s largest independently-owned mortgage broker, Mortgage Choice, says the latest ABS housing finance data* highlights that warnings of interest rate rises are having a dampening effect on home loan demand. The August ABS Housing Finance report 5609.0 shows a reduction in …
Tick-Tock goes the housing market time bomb
A confluence of building approvals, housing price and population figures this week are likely to all point in one direction: the failure of housing policy in key markets to keep pace with the nation’s needs. And there’s no sign of that changing. In just three …
How high will rates go?
Glenn Stevens was out last week sounding loud alarm bells about where interest rates are headed. It seems that as the economy belts full steam ahead into what Stevens has termed the biggest resources boom since the late 19th Century, interest rates are only headed …
Interest from overseas is up Down Under
IT’S no secret overseas investors have identified Australia as a growth region when it comes to buying property. The funds are coming in not only to buy direct assets but also via investing in Australian real estate investment trusts, which are now more focused on …
Will going green add value?
Would you pay more for an energy-efficient house? Or one that was water-wise? When we polled our readers 62 per cent said they wanted the house they were buying to be eco-friendly, my first reaction was to ask; Are people just saying that? Or are …
Housing affordability worsens
Housing affordability in Australia has continued to decline over the June quarter, according to a Real Estate Institute of Australia (REIA) report. The Deposit Power Housing Affordability Report shows that the decline in the June quarter was the sixth consecutive quarterly decline in housing affordability. …
Foretold: Leaders ignore housing affordability
Like some carnival mystic, before the last election I wrote some predictions in an envelope and sealed it, with instructions only to open it after the election was over. Lo and behold, when I opened the envelope afterwards my prediction proved right: ”That neither party …
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