It wasn’t all that long ago, that Real Estate experts were telling us that house prices can’t fall in Australia due to a “chronic” shortage of homes. They said the stark reality is we are not building enough homes to meet demand from our growing population, and this shortage will …
A report from the Renmin University of China suggests China’s property market is in for a 20 percent fall next year starting in March or April. The forecast comes based on measures the China central government is undertaking to cool the property market. This is likely to see capital for …
An article published in the Australian newspaper today of a senior Treasury official warning of the house bubble in Australia has almost gone viral. The comments stem from the preparation of the RedBook, a briefing for the incoming of the new government. Two months ago, in September, we published comments …
In the money advice section of the Adelaide Sunday Mail home lift-out today, is the following letter : I have four investment properties which have grown in value considerably over the last five years. I brought one prior to 1985 so there is no capital gains tax problem but the …
It has been a bad weekend around the country for Real Estate. News Limited reported auction clearance rates have “collapsed” in Australia’s largest housing markets. According to the paper the total volume of homes traded at auction over the weekend in Sydney, Melbourne, Brisbane and Adelaide was only $242.3 million, …
Figures from the ABS on Monday showed Melbourne was the star performer in Australia’s Real Estate markets. For the three months to September 2010, prices rocketed 2.7 percent in Melbourne, way in front of the next best result of just 0.4 percent (Perth) and with the majority of capital cities …
The Australian Bankers’ Association has reviled today that the extra hike in mortgage rates is due to international investors getting extremely nervous about Australia’s housing bubble. Steven Munchenberg from the ABA said “Over the last few weeks, we’ve had a lot of international investors asking very detailed and probing questions …
Wayne Swan would be fuming tonight. The Reserve Bank of Australia has put up the official cash rate another 25 basis points, only for the Commonwealth Bank of Australia to up rates 45 basis points. The 25 basis point rise to 4.75% will come as another blow to home owners …
According to official housing data released today by the Australian Bureau of Statistics, Australia’s Housing Market has slammed on the brakes with five of eight states going into reverse gear. The weighted average of eight capital cities barely kept its head above water, rising only 0.1% for the September 2010 …
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