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 Moves by some states and the federal government to offer buyers cash incentives towards their first home may actually be throwing fuel on the housing affordability fire. Public policy think tank, The Grattan Institute, has concluded that policies to help first-home buyers and improve housing affordability may actually be making the housing […]
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 […]
We’ve all read the news reports about decrepit cottages and tiny garages fetching sky high prices, so it will come as little shock to learn that property in Australia and New Zealand’s major cities rates among the least affordable on the globe. The 13th International Housing Affordability Survey on global house prices was recently released […]