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If it's a bubble, houses won't be unaffordable for long
PoliticsNational AffairsAlan KohlerThe trouble with the Great Bubble Debate is that the words ‘unaffordable’ and ‘bubble’ are being used interchangeably.They are connected, of course, but are not...
View ArticleAbacus, GS buy $115m Syd property
Abacus Property Group and Goldman Sachs have jointly paid $115 million to acquire a property in Sydney.The purchase of 201 Pacific Highway, St Leonards, which forms part of the Forum complex, is...
View ArticleMedian house price nears $660,000
Australia's median house price has risen to almost $660,000 with Darwin having the biggest increase among the capital cities.Sydney's median house price is getting closer to the $1 million mark but...
View ArticleStates key to housing supply: Cormann
Increasing housing supply with the help of state governments is a top priority for the Abbott government, Finance Minister Mathias Cormann says.His comments come after a week dominated by the issue of...
View ArticleHouse price gains to slow to 3%
House price gains are expected to slow although prices are unlikely to fall in the near-term, an investment bank says.UBS economists and strategists say house price growth will moderate but should not...
View ArticleStamp duty costs surge
Average stamp duty costs have surged by up to a staggering 800 per cent in the past 20 years, a new analysis shows.This massive increase is slugging homebuyers and throws up a major barrier to home...
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The threat to Asian investors' towering ambition
IndustriesPropertyFlorence ChongAustralia’s tough planning and building codes, together with rising costs, could dash the hopes of foreign developers hoping to establish a foothold (and make a quick...
View ArticleFixing supply is the solution to Australia’s housing headache
IndustriesPropertyRobert GottliebsenWhat if a first home buyer could buy a $600,000 dwelling for $545,000 without compromising on quality?Suddenly they have a $54,500 'deposit' and if they already...
View ArticleHome values slip in Syd, Melb
Home values dipped slightly in Sydney and Melbourne last week amid ongoing concerns about booming property prices in the two capital cities.Sydney home values slipped 0.3 per cent in the week to June...
View ArticleTaxes hit 40% of price of a new home
The residential building industry is being weighed down by excessive and inefficient taxation, with taxes now adding more than $250,000 to the price of a new home in Sydney, the Housing Industry...
View ArticleAustralian Unity mulls fund listing
National healthcare, financial services and retirement living group Australian Unity is developing a proposal to list the Australian Unity Office Property Fund on the Australian Securities Exchange.The...
View ArticleHome prices 'low' for Chinese investors
Home prices in Australia may be unaffordable for first time buyers, but for Chinese investors Melbourne's property prices have fallen to multi-year lows thanks to the depreciating Australian...
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Property buyers are partying like it's 2007
IndustriesPropertyMiranda Maxwell“The weight of capital is driving a disconnect between pricing and fundamentals,” concludes DTZ’s latest ‘Money into property’ report.That sounds an awful lot like what...
View ArticleSix in 10 say housing unaffordable
If there was any doubt that home ownership in parts of Australia is out of the reach of many, a new survey has found as many as six in 10 believe housing has become unaffordable for the average income...
View ArticleFederation-Novion rebrands as Vicinity
Federation Centres, which recently merged with fellow property giant Novion, said today it was re-branding the post-takeover corporation as Vicinity Centres."It was recognised early on that the merged...
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The unpredictable path of US property
Global NewsUS EconomyCallam PickeringBased on recent data, the Federal Reserve is only a few months away from raising rates for the first time since July 2007. But the US housing sector, though...
View ArticleSyd, Melb home prices tipped to rise
Sydney and Melbourne home prices are tipped to keep rising, with experts saying the booming housing markets are either in or entering a "bubble".A major survey of property experts has found that more...
View ArticleBrookfield’s surprise Investa move
Brookfield’s strategy to acquire the $8.9 billion Morgan Stanley-backed Investa Property Group has taken a surprise twist.According to sources, the Canadian fund manager plans to tip Investa’s balance...
View ArticleSabotaging the apartment boom could cost Abbott the next election
PoliticsNational AffairsRobert GottliebsenWe are currently seeing a big surge in Asian investment in new apartment developments, which will lock in apartment building rates for the next 18 months.But...
View ArticleMortgage arrears at lows: Fitch
The number of consumers who go into arrears in mortgage repayments has likely hit its lowest point, global ratings agency Fitch Ratings says, as strong house prices and low interest rates reduce...
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