Average home price hits $600,000
The average price for a home in one of Australia's capital cities has jumped above $600,000, after prices surged nearly 10 per cent across the board over the last year.Australian Bureau of Statistics...
View ArticleAust housing boom has peaked: Morgan Stanley
Australia's housing boom has peaked, with the challenge now to pull off a `soft landing', investment bank Morgan Stanley says as it predicts further interest rates cuts and a mini-budget stimulus.While...
View ArticleMirvac spruiked as takeover target
Mirvac Group’s capital markets executive Jonathan Hannam is leaving the listed property trust following sweeping job cuts across the business that extended into the upper reaches of management.Mr...
View ArticleWhy we shouldn't wish for lower house prices
IndustriesPropertyRobert GottliebsenBe careful what you wish for. Right now, among many things, young Australians are wishing for lower dwelling prices and bank regulators are wishing for banks to cut...
View ArticleFew houses available sub-$400,000
Anyone hoping to buy a home for less than $400,000 has slim pickings in the capital cities.Sales below $400,000 were at a record low in 2014-15 while sales above $1 million were at a record...
View ArticleCapital city land prices continue to rise
Purchasers are paying a lot more for vacant land and getting a lot less for their money in Australia's cities, although prices in regional markets have fallen.Vacant land selling prices have continued...
View ArticleHousing supply key to prices: Treasurer
Treasurer Scott Morrison believes the slow release of land is behind soaring house prices.Mr Morrison said it was important to have a competitive regulatory system on housing development, commending...
View ArticleClik here to view.
Why the real estate panic is premature
IndustriesPropertyChris Kohler & Sam HutchinsonThe residential real estate sector is unquestionably changing, but selling a house in Australia is still pretty easy. Disable inline blocks 0...
View ArticleBrokers nervous for 'super Saturday'
An explosion of new listings and a tighter lending environment have some agents quaking in their boots ahead of the first “super Saturday” of the spring selling season.“Can we not talk about my...
View ArticleAuction clearance rates rise
Auction clearance rates rose on average in Australia capital cities last week, despite an increase in the number of homes going under the hammer.The number of auctions rose to 2,820 over the week...
View ArticleBrett Blundy to make fresh IPO tilt
Retail and property entrepreneur Brett Blundy will have a second attempt at listing the Aventus Retail Property Fund with a new offer trying to salve concerns over management fees and other issues.In...
View ArticleLoss-making home resales rise: RP Data
A "sharp correction" in house prices in mining regions due to the resources sector slowdown contributed to a rise in the percentage of home resales that were loss-making in the June quarter, RP Data...
View ArticleHousing prices rose 0.8% in Sep
Housing prices rose about 0.8 per cent in September, even though auction clearance rates are lower than this time last year, according to preliminary estimates from CoreLogic RP Data.The housing market...
View ArticleHSBC freezes investor loans
HSBC has quietly turned off the tap to new customers seeking loans to buy an investment property as lenders step up efforts to comply with the financial regulator’s growth cap.Highlighting the range of...
View ArticleBank clampdown a risk: Triguboff
Australia’s banks will put their own businesses — and the fragile economy — at risk if they clamp down too heavily on investor lending that has stoked the housing boom, says billionaire developer Harry...
View ArticleClik here to view.
A long-neglected sector finally gets investors’ attention
IndustriesPropertyFlorence ChongWith too much capital chasing too few so-called “hard” assets, institutions have started scanning the long-neglected sector of retirement living for alternative...
View ArticleBuilding approvals decline 6.9%
Building approvals have slumped more than three times faster than expected in August after a plunge in the volatile apartments number, according to official data.The Australian Bureau of Statistics...
View ArticleClik here to view.
The property peak is going to leave Australia short
EconomyAustralian NewsCallam PickeringThe end of Australia’s residential construction boom is close at hand as the number of building approvals begins to deteriorate. Residential construction will...
View ArticleClearance rates drop in September
The spring auction season has got off to a mixed start, with the proportion of homes sold in September down from 2014.Lower clearance rates reflect an increase in the number of owners seeking to sell...
View ArticleBanks tipped to lift investor rates
Banks are tipped to further hike increase mortgage rates for property investors as part of an attack on growth in lending to landlords and to support profits through the increasingly uncertain economic...
View Article