Two years ago we ran an comprehensive story on what we believed would be the effects from propping up the housing market with the First Home Owners Boost. Titled Time to pick and choose: Housing or Jobs we suggested that propping up and keeping house prices artificially high would eventually …
According to a Courier Mail article, there is less than 800 apartments for sale in high rise buildings stretching across the Gold Coast. With sales rates at their lowest since the 1990’s, some 47 sales per quarter, it is estimated current stock on the market will take at least five …
According to The Age newspaper in Melbourne, Victoria’s largest home builder is selling half of its new homes in the Sanctuary Lakes Resort and Featherbrook Estates to overseas buyers. The development includes a total of 2500 lots, suggesting as many as 1,250 lots are now in foreign hands. Mark Vujovich, …
On this very day, the 5th of February, two years ago we reported on two Real Estate agents posing in the media as buyers saying it is never a better time to enter the market. Both had just brought their first home, and despite prices falling from the GFC, were …
According to Forensic Asia Ltd.’s managing director Gillem Tulloch, the China property bubble will likely burst next year. Tulloch believes china’s banks are unable to pump out enough credit to sustain further rises in property values. He says the Chinese economy will be short 11 trillion yuan in credit required …
The Real Estate Industry is fuming at the government for not consulting with them. The Australian reviled yesterday that in the four months since the election the Gillard Government has not contacted the Real Estate Institute of Australia (REIA) for any advice. According to the institute, they had long provided …
The Irish Examiner reported yesterday that house prices in Ireland are now the most affordable in 25 years. WHAT a difference a bust property bubble makes? While much of the decade was all about exorbitant house prices, latest figures show prices are now at their most affordable in more than …
The Sydney Morning Herald has today reported some banks in China have raised interest rates on property loans by as much as 10 to 45% after a surge in credit growth this month. New loans issued to the 24 of January exceeded twice the amount that was loaned in December. …
According to a poll of 237 property professionals, House prices in Australia are now expected to fall in 2011. NAB conducted the survey from a pool of expert respondents including real estate agents/managers, property developers, fund managers and owner/investors. They expected property prices will not only fail to keep up …
According to data released today from Residex, House prices in Australia fell 1.1 percent in December. During December falls were experienced in every capital city except Brisbane, although Brisbane recorded a fall of 2.9 percent for the year. Residex Chief Executive John Edwards said they wouldn’t know until the end …
According to data from RP Data and the HIA, the number of land sales across Australia in the September quarter plunged 57 percent for the year, falling to levels not seen since September 2001. Melbourne saw a 74 percent drop over the year. The median price for a lot in …
A monsoonal trough in the aftermath of Cyclone Wanda caused around 900mm to fall in the South Eastern Queensland between the 24 and 29th of January 1974. These floods were the worst to hit Queensland since 1893. Back in 1974, Australian’s saved for a rainy day. According to data from …
Following in the footsteps of China who is working in vain to curb speculation in their housing bubble, Singapore has also stepped up measures to cool it’s market. Previously citizens could only borrow up to 70 percent to fund a purchase of a 2nd or subsequent home. This has now …
Labour force figures released today by the Australian Bureau of Statistics (ABS) show “official” unemployment fell 0.2 percent points in December to hit a two year low of just 5.0 percent. Despite the jobless numbers falling 25,400 to 598,700, the biggest factor contributing to the fall in the unemployment rate …
According to the Zillow Home Value Index, the current housing crisis in the U.S. has surpassed that of the 25.9% decline observed during the Great Depression. The Index recorded a fall of 25.9% between 1928 and 1933. Since the peak of the U.S. bubble in June 2006, prices have now …
According to data from SQM Research the number of property listings surged 44 percent in 2010 suggesting the Australian property market is set to take a slide in fortunes this year. SQM Research MD, Louis Christopher said “It’s still very clear to us that they are now at levels that …
According to the China Daily, China’s Central Government plans to strengthen policy in 2011 designed to cool the property bubble in China. The announcement came a day after China’s Central bank increased the one year benchmark lending rate by 25 basis points to 5.81 percent in a further bid to …
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