Category: Property Market

The Affordable Housing Smoke And Mirrors!

New housing legislation has been introduced to Parliament to deliver the “single biggest investment” in affordable and social housing in a decade.
States and territories tackling their own housing supply crises will have greater help via new federal bills introduced to Parliament on Thursday (9 February).

Under the umbrella of three new bills — the Housing Australia Fund Bill; National Housing Supply and Affordability Council Bill; and Treasury Laws Amendment (Housing Measures No. 1) Bill — the government has delivered “the single biggest investment in affordable and social housing in more than a decade.

But as we discuss the proposals are small and driven by a Neo-liberal mentality. Does not address the fundamentals of housing affordability but plays around the edge for political advantage. We need better!

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Mapping Home Price Falls…

I caught up with the developer behind Spachus – a visual mapping tool that tracks home prices across the main areas of Australia. We chat about the philosophy behind the approach, which is powered by data from Domain, and we also demo the functionality (which is continuing to evolve).

https://www.spachus.com/

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Here Comes Yet More Home Price Falls!

The latest data from Core Logic confirmed more home price falls across both capital cities and the regions. Hobart and Brisbane are hit hardest, and regional areas are hanging on a little better. But even Perth and Adelaide are now going down.

And latest forecasts from CBA are still talking about more falls. Unless we see forms of Government intervention, such as APRA cutting the 3% buffer, the RBA cutting rates, or more fiscal incentives.

http://www.martinnorth.com/

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Its Edwin’s Monday Evening Property Rant

In our latest show, Property Insider Edwin Almeida and I look at listings numbers and compare them with the past couple of years – what we see is different from what the MSM is saying. We also look in detail at the Blacktown property which sold, despite having significant issues with a missing DA, and the possible consequences. And we consider the latest property market fix from our government. What could possibly go wrong?

https://www.ribbonproperty.com.au/

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The First Time Buyers Dilemma

My latest reflections on the problems facing prospective first-time buyers, as borrowing power is shrinking faster than prices, and expenditure measures work again being able to get into the market.

Some are hoping for rates cuts soon, but that I doubt, though it is possible APRA will reduce the 3% buffer for some minor relief.

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Its Edwin’s Monday Evening Property Rant!

More from our property insider Edwin Almeida, as we celebrate the Year of the Rabbit.

Are we revisit the cooling off period question in the context of property purchase.

https://www.ribbonproperty.com.au/

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Low Distressed Sale Counts Do Not Prove The Property Market Is Fine!

We look at the question of distressed listings and sales, which appear to be quite low at the moment. Some therefore argue that things in the property market are just fine.

However, apart from the question of how distressed sales are defined and identified, the truth is that some households are being given the option to sell as a normal not distressed sale. This is better for the bank, and potentially might be something which given enough equity in the property is worth considering. But it is really important to get the right independent advice first!

Bottom line is low distressed sale counts are not a signal of a buoyant market.

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New Zealand Home Prices Are Still Declining!

The latest REINZ figures for December 2022 show further falls in prices and sales volumes, linked directly to the higher interest rates and reduction in borrowing power, across most of New Zealand.

https://www.reinz.co.nz/residential-property-data-gallery

Expect more falls as the RBNZ drive rates higher as they chase down inflation.

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Operation Antispruik On The Gold Coast (Updated)

Another look at recent price cuts on the property portals. this time in and around the Gold Coast, thanks to Cookie for the research. No surprise that some of the fastest falls across the country are in southeast QLD.

DFA One To One

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