The truth revealed – houses are cheap
Business SpectatorEconomyAdam CarrClaims by an RBA official -- the aptly named Dr Tulip -- caused a bit of a furore yesterday. You see, Dr Tulip dared to state an obvious truth: that housing is...
View ArticleWhat happens now that China's bubble has burst?
EconomyChinaRobert GottliebsenAs we start to plot the after-effects of the bursting of the China sharemarket bubble, two issues have become dominant.The first is whether the crash will make it more...
View ArticleRents fall in all cities, bar Melbourne
Average weekly rents fell in Sydney in June, with all other Australian capital cities except Melbourne also recording a drop in weekly rental prices.Sydney renters paid an average $594 per week last...
View ArticleHome loan approvals drop in May
Home loan approvals fell more sharply than economists predicted in May, despite a cut to the official interest rate during the month.The number of approvals fell 6.1 per cent, outstripping economists'...
View ArticleAn ominous sign for the property market
EconomyAustralian NewsCallam PickeringMortgage approvals tumbled by its largest amount since January 2004, as Australia’s increasingly imbalanced housing sector threatens to unravel more quickly than...
View ArticleMelbourne house prices set to compete with Sydney: report
House prices across Australia rose in June after a sluggish May, with Melbourne prices growing at a faster rate than Sydney's, according to a new report from property valuation provider...
View ArticleAustralian house prices 12% overvalued: Barclays
Australian house prices are 12 per cent overvalued and could climb even higher, major investment bank Barclays has warned.Barclays Australia chief economist Kieran Davies came up with the finding using...
View ArticleCan Sydney sustain a unilateral house price boom?
IndustriesPropertyMiranda MaxwellThe latest forecasters to weigh in on Australia’s property values are three academic researchers who reckon they have cracked the formula for correctly predicting house...
View ArticleCSR says outlook is positive
Building products supplier CSR says its outlook is positive as housing starts look likely to climb to record levels, with more than 200,000 expected in fiscal 2016."The lead times from approval to...
View ArticleGrattan Inst urges property levy for states
A respected think tank is urging the states to consider a property levy to fix their budgets in the face of the ever-growing cost of health and education.In the second of its papers aimed at finding...
View ArticleChinese circle prized Aust assets
The Chinese government and the nation’s private investment heavyweight are positioning themselves to secure a grip on more than $18 billion worth of Australia’s most prized assets, with Rio Tinto’s...
View ArticleThe case for a broad-based property tax
PoliticsNational AffairsCallam PickeringState property taxes are poorly designed and possess a range of unintended consequences that undermine capital flows and labour mobility. Although New South...
View ArticleTightened lending hits first-time buyers
Tighter lending standards for investors are hurting first-time buyers trying to get on the property ladder.Banks are turning investors away amid a banking regulator crackdown on risky mortgage lending...
View ArticleFrom a housing shortage to a glut?
IndustriesPropertyCallam PickeringAustralia’s infamous housing shortage is at risk of quickly turning into a housing glut with our residential construction boom set to undermine price growth over the...
View ArticleRBA calls for review of negative gearing
Treasurer Joe Hockey may want to leave negative gearing alone in his tax system review, but the Reserve Bank believes it should at least be looked at.The central bank says there is a case for reviewing...
View ArticleA slice of housing paradise is worth every penny
EconomyAustralian NewsBernard Salt - The AustralianThere is much hype and consternation about the apartment market. Constant reference is made to a so-called bubble.I am not sure what is meant by...
View ArticleHockey stands by negative gearing
Joe Hockey stands by his opposition to making changes to negative gearing on housing, saying it would lead to rent increases in many cities.But shadow treasurer Chris Bowen says the treasurer should...
View ArticleThe RBA exposes Abbott's negative gearing folly
EconomyReserve Bank of AustraliaCallam PickeringThe Reserve Bank has taken aim at the Abbott Government’s stand on negative gearing, pushing for a review of Australian housing policy. Despite the...
View ArticleRates pushing up property: Costello
One of the key architects of the capital gains tax regime that the Reserve Bank now says is fuelling negatively geared property investment has disputed claims the practice is pushing up house prices...
View ArticleAPRA tightens screws on loans
The banking regulator has tightened the rules governing the major banks’ property lending, ordering them to provide monthly growth reports for investor loans and flagging a range of restrictions if...
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