Search Results for: housing affordability

More Proof That Young Australians Are Choosing Property Investment Over First Home

Regular followers of the DFA Blog will know we have been highlighting the drift of first time buyers towards the property investment sector for the past couple of years. We produce this chart each month, which combines data from our households surveys and the ABS first time buyer series (which stubbornly refuses to identify FTB … Continue reading “More Proof That Young Australians Are Choosing Property Investment Over First Home”

A closer look at UBS’ survey and mortgage fraud

From Mortgage Professional Australia. With the publication of ASIC’s remuneration review imminent, broking faces a tough summer, and as temperatures rise, so do tensions within the industry. So when global investment bank UBS published a report claiming that mortgage fraud was “systemic”, and driven by brokers, the reaction from the  industry was swift and predictably … Continue reading “A closer look at UBS’ survey and mortgage fraud”

Changes for off-the-plan foreign buyers rely on a broken supply argument

From The Conversation. The government is proposing changes to the foreign investment framework that will allow a foreign real estate investor to purchase an off-the-plan dwelling when another foreign investor has failed to reach settlement. In announcing the changes, Treasurer Scott Morrison deployed a familiar narrative about foreign investment increasing housing supply and making “housing … Continue reading “Changes for off-the-plan foreign buyers rely on a broken supply argument”

Negative Gearing Debate Re-ignites

From The Real Estate Conversation. NSW Planning Minister Rob Stokes has called for the federal government to change negative gearing arrangements to help ease Sydney’s housing affordability crisis. The comments come ahead of next week’s housing affordability meeting between state treasurers. The Prime Minister Malcolm Turnbull took a policy of preserving the current negative gearing arrangements to the federal election, and said on … Continue reading “Negative Gearing Debate Re-ignites”

Real Home Value Growth Varies Significantly

Talking about average home price growth is rarely helpful, it is important to get granular. So CoreLogic’s post on real home price growth by major centres is very helpful because it corrects growth for inflation.  Their analysis shows that real home values are now more than 20% lower than their peak in Perth and Darwin, … Continue reading “Real Home Value Growth Varies Significantly”

Home Prices Rise Again (In Places)

From Domain.com.au Despite efforts to cool the property market, Sydney house prices have run away yet again, growing at their strongest rate in over a year. The harbour city’s median house price is now at a record $1,068,303, after a 2.7 per cent jump over the September quarter, Domain Group data released on Thursday found. This has seen some … Continue reading “Home Prices Rise Again (In Places)”

Is competing on rate no longer an option?

From Mortgage Professional Australia. Australia approached zero like an out-of-control spender. A cash rate cut here, a cut there, and everyone benefited (if you ignore first home buyers, savers and many others, of course). In August the RBA announced another cut, and giddy brokers prepared themselves for another housing boom, but like an obstinate ATM … Continue reading “Is competing on rate no longer an option?”

Land Prices Push Higher

The HIA-CoreLogic Residential Land Report for the June 2016 quarter has just been published by the Housing Industry Association, and CoreLogic. The Residential Land Report offers a comprehensive review of quarterly sales activity and price trends in 41 regional and six capital city markets across Australia. During the June 2016 quarter, land transactions experienced the … Continue reading “Land Prices Push Higher”

Eager homebuyers still falling victim to shadowy rent-to-buy deals

From The Conversation. Those looking to get a piece of the Australian dream of buying a home are still falling victim to the shadow property market of rent-to-buy deals, a new report shows. In a typical rent-to-buy deal, the buyer agrees to an inflated property price, then pays market rent (or above), an “option fee” … Continue reading “Eager homebuyers still falling victim to shadowy rent-to-buy deals”

Density, sprawl, growth: how Australian cities have changed in the last 30 years

From The Conversation. Since settlement, Australian cities have been shaped and reshaped by history, infrastructure, natural landscapes and – importantly – policy. So, have our cities changed much in the last 30 years? Have consolidation policies had any effect? Have we contained sprawl? Yes, probably and maybe, according to our newly published research. Reviving the … Continue reading “Density, sprawl, growth: how Australian cities have changed in the last 30 years”