The latest from our property insider, as informal lock-downs bite and apartment listing rise. Things are getting interesting… and can yabbies and Koi fish coexist?
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Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
In today’s Nucleus Wealth investment podcast, Martin North of @Walk The World joins Nucleus Wealth’s Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr to discuss if Australian Property will continue to boom in 2022.
Edwin Almeida joins me for another rant, as we look at the unofficial economic slowdown, reduced listings, and more from our WeeChat Chatters about whats going down in China.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited edition of our latest live show, a discussion with Tony Locantro from Alto Capital a full service investment and corporate advisory firm. Tony will share some of his small cap analysis, as well as a broader perspective on the markets. You can ask a question live.
Go to the Walk The World Universe at https://walktheworld.com.au/
China Evergrande Group’s property sales plummeted in 2021 for the first time in at least a decade, as the giant developer slipped into default and buyer confidence faded. Evergrande, China’s second-biggest developer by sales in 2020, is the largest Chinese real estate developer by issuance of offshore, U.S. dollar-denominated debt, which stood at $19 billion last year.
A filing Tuesday showed the company’s contracted sales of properties totaled 443.02 billion yuan ($69.22 billion) last year, down 38.7% from the 723.25 billion yuan in contracted sales reported for 2020. It met about 60% of a 750 billion yuan target set at the start of the year.
More broadly, Chinese shares had their worst start to the new year since 2019, as investors took profit on some of their most successful bets in 2021.
Chinese stocks, hobbled by regulatory pressures and uneven economic growth, plummeted in 2021. The FXI China large-cap ETF fell 21% in its worst year since 2008. So the question is where to from here? Many investors are still seeing long term opportunity, as China is going to continue to be a big part of the global infrastructure. So the question is will investors be prepared to wait out the near-term turbulence. Will they stick with China?
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
More economists have said a house price correction is on the cards in Australia, echoing forecasts from the big four banks.
“Eventually, with wage growth remaining structurally weak, a higher interest rate could destabilise the housing market.”
And the latest data from RBA and APRA also highlight the changed dynamics.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
We look at the “property experts” view of the markets, which appears to be on the turn.
Domain published an interesting article before Christmas, looking in particular at the Sydney property market, saying its one for the record books. To which I respond, maybe, but for all the wrong reasons.
Sue Williams wrote: Space: the final frontier – or, for those in the Sydney property market over the past year, the financial frontier. For the biggest trend in pandemic-plagued 2021 has turned out to be the demand for more room in, and around, our homes.
“It’s really been the year when we re-imagined the space in our houses and apartments,” says Domain chief of research and economics Nicola Powell. “We wanted to have areas in our homes where we could work and, spending so much time indoors during lockdowns, we wanted more living space where we weren’t all on top of each other.
“That’s really driven a lot of the price growth of houses over that of apartments. But another big surprise of the year has been the price growth of three-bedroom units. Generally, the greater number of bedrooms, the more prices have risen.”
It’s been a strange year in so many ways. With rock-bottom interest rates continuing, no sooner did escalating property prices smash all previous records than they smashed them again three months later – with unprecedented back-to-back quarters of price rises over eight per cent. As first-home buyers flooded back into the market in 2020, they were suddenly washed back out again by the pricing tsunami, with investors diving in to take their place.
Many were only able to dip their toes in early in 2021 because of the bank of mum and dad.
Go to the Walk The World Universe at https://walktheworld.com.au/