The Sydney Daily Telegraph has reported banks are refusing to offer bridging credit as the risks start to mount. Bridging loans are used by homeowners to buy a property before they sell their existing one. But with homes taking longer to sell in a weak market, and selling at lower …
Under the Coalition Government’s housing policy, struggling renters on public housing lists will be given rental vouchers to help pay more for their rents in the private sector. According to data from Australian Property Monitors, medium rents increased by only 1 percent in the June quarter with many capital cities …
Real estate experts in the U.S. suggest houses are now a bad investment, indicating there is no law to say real estate will appreciate in value. For a century prior to the great housing bubble that started in the 1990’s, house prices only appreciated in line with inflation. This ensured …
Morgan Stanley chief strategist Gerard Minack has today warned clients that Australia’s housing bubble is 40 percent over fair value and could be popped if banks tighten credit or the loss making landlords start to sell. He claims investors have become “Ponzi borrowers”, relying on capital gains to service massive …
Nobel Prize-winning economist Joseph Stiglitz told a Sydney forum on Friday that “There is the beginning of a cause of concern, and it would probably be prudent to take some actions” on our housing bubble. Professor Joseph Stiglitz was a former world bank chief economist. His predictions could be on …
Yesterday, the China Banking Regulatory Commission (CBRC) announced stress testing of banks with modeling to include a 60% price fall of house prices in China’s 7 top tier cities including Beijing, Shanghai and Shenzhen. Today, it has been reported the stress tests will not only include banks, but extend to …
New home sales have continued a downwards trajectory, with the Housing Industry Associating reporting its home sale index falling 5.1 percent in June. This follows a 6.4 percent drop in May. Melbourne recorded the largest falls, sliding 10 percent for the month. Western Australia and Queensland trailed, falling 5.2 and …
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