Search Results for: housing affordability

Home Prices In Hong Kong Climb To Record Highs Even As Chinese Buyers Pull Back

From Zero Hedge. Chinese banking regulators’ efforts to force the country’s largest conglomerates to deleverage after an unprecedented binge on foreign assets has already spurred a pullback in foreign real-estate investment, part of a broader decline in foreign investment more generally. But with wealthy Chinese buyers suddenly out of the real-estate market, housing analysts are … Continue reading “Home Prices In Hong Kong Climb To Record Highs Even As Chinese Buyers Pull Back”

Home saver scheme may eat into your super before buying you a house

From The New Daily. The Turnbull government’s plan to allow first home buyers to direct up to $30,000 of superannuation savings into a housing deposit could end up draining super accounts and costing savers more than using a traditional bank account. Stephen Anthony, chief economist with Industry Super Australia, said the First Home Super Saver Scheme, … Continue reading “Home saver scheme may eat into your super before buying you a house”

Renters Under Pressure – The Property Imperative Weekly 29 Jul 2017

Rental Stress is growing, and more property investors are underwater when it comes to covering their mortgage costs on an ongoing basis, so what are the implications for property investment as mortgage rates continue to rise? Welcome to the Property Imperative Weekly to 29th July 2017. We start with our research on property investment, which … Continue reading “Renters Under Pressure – The Property Imperative Weekly 29 Jul 2017”

Why is Melbourne’s property market outpacing Sydney’s?

From The Real Estate Conversation. Recent data suggests Melbourne’s property market is beginning to outpace Sydney’s, and this trend is likely to continue as affordability, higher interest rates and migration patterns all favour the southern city, say experts. In June, Melbourne’s median dwelling price rose 2.71 per cent, compared with Sydney’s increase of 2.21 per cent, … Continue reading “Why is Melbourne’s property market outpacing Sydney’s?”

Inequality Rules – The Property Imperative Weekly 8th July 2017

The Reserve Bank held the cash rate, more banks hiked mortgage interest rates, household debt rose again and our latest research showed that more than 800,000 households across Australia are experiencing mortgage stress. Welcome to the latest edition of the Property Imperative Weekly. HSBC said the housing bubble fears were overblown. At a national level, … Continue reading “Inequality Rules – The Property Imperative Weekly 8th July 2017”

Hung Out To Dry – The Property Imperative Weekly – 1 July 2017

Data this week showed the impact of ever higher mortgages, with more households in debt for longer, and thanks to rising property prices, more households cannot get even into the market and are forced to rent. Welcome to this week’s edition of the Property Imperative. This week we had the first look at the latest … Continue reading “Hung Out To Dry – The Property Imperative Weekly – 1 July 2017”

Home ownership remains strong in Australia but it masks other problems: Census data

From The Conversation. The great Australia dream of owning your own home is still alive despite the various problems plaguing housing affordability, new Census data shows. Even though the overall home ownership trend remains strong, it’s masking other issues. The latest 2016 Census data assesses what the national home ownership and rental rates are and … Continue reading “Home ownership remains strong in Australia but it masks other problems: Census data”

Census Shows How We Are Changing

The early data from the latest census, released by the ABS today highlights the momentum in population growth across the nation. The 2016 Census counted 23,717,421 people in Australia on Census night, which included 23,401,892 people who usually live in Australia– an 8.8 per cent increase from 2011. On Census night, over 600,000 Australians were … Continue reading “Census Shows How We Are Changing”

$6.8bn stamp duty bonanza – at the expense of FHBs

From Mortgage Professional Australia. Huge NSW revenues from stamp duty have lifted state out of debt but prospective homebuyers are suffering The New South Wales State Government received $6.8bn from stamp duties on residential property over the past year, the State’s 2017-18 Budget has revealed. The NSW State Government is now free of debt, with … Continue reading “$6.8bn stamp duty bonanza – at the expense of FHBs”

Sydney and Melbourne property prices look set to fall

From Business Insider. Sydney house prices have another year or so of rises before the bubble shrinks. Median housing prices in Sydney are overvalued by 14% and in Melbourne by 8%, but will decline gradually rather than sharply over the next few years, according to analysis by KPMG Economics predicts. Sydney median prices are forecast … Continue reading “Sydney and Melbourne property prices look set to fall”