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New research suggests that property investors may hold onto an asset in a declining market for longer than they should out of fear of making a loss. Such a decision can be especially financially damaging for highly leveraged investors who bought at the peak of the market with the expectation that prices would keep rising. […]
Australian Market Update: Property prices in many state capitals now rank among some of the world’s priciest, with Australia’s five biggest cities named as ‘severely unaffordable’, according to Demographia, an international housing affordability think tank. In its 2017 annual report, the group ranked Sydney the world’s second least affordable city, with house prices almost 13 […]
AUSTRALIAN MARKET UPDATE Soaring house prices around much of the country in recent years, especially in our capital cities, combined with stagnant wages growth, have made the dream of owning a home a distant reality for many Australians, with first homebuyers struggling to get into the market. To combat the problem, a number of fractional […]
Welcome back to a brand new year. Recent reports seem to unanimously suggest that Australia’s housing boom is coming to an end, however it appears it will be a soft landing rather than a property market crash, according to HSBC’s chief economist for Australia, Paul Bloxham. He suggests that “a hard landing is possible, but […]
Australian Scene According to AAP, home prices across Australia’s capital cities, based on median sales prices in each market and potentially skewed by more higher end sales and fewer mid and low market sales, have continued to increase, rising an average of 10.2 per cent in the year to June, thanks to strong growth in […]
AUSTRALIAN SCENE BankWest recently published its 2017 Housing Density Report which reveals long-term trends in Australia’s housing density by examining the nation’s dwelling approvals over time. It looks at trends at a state and capital city level by monitoring the number and proportion of medium density dwelling (units, townhouses and apartments) approvals compared to total […]
If you’ve been contemplating a sale, there is some indication from experts that now may be the ideal time to sell up and capitalise on growth markets. With growing concern from economists that Australia’s housing market is in a bubble and has reached its peak, there’s a feeling that a significant correction is imminent, especially […]
Generally as we move through May, Australia’s property market typically slows down, however that wasn’t the case this year. According to CoreLogic, 2,619 properties went under the hammer on the weekend of May 20, that’s 210 more than the previous week and well above the 1,920 in the same week a year ago. Auction activity […]
Economist and former Liberal leader John Hewson recently came out saying that Australia’s housing market is in a bubble caused by the “neglect and drift” of successive state and federal governments. ASIC boss Greg Medcraft recently mentioned a bubble and the Commonwealth Treasury secretary John Fraser also declaring a bubble in parts of Sydney and […]