Tougher Times for Borrowers Are Here to Stay
The global financial crisis may seem to have left Australia's banks unscathed, but it's changed how they raise their funds, in ways that disadvantage borrowers and the wider economy while greatly advantaging savers. Have you ever given any thought to where the banks get the money they lend to home buyers and businesses? It's explained in an article in this quarter's Reserve Bank Bulletin.
Buyer Demand Gathers Pace
Despite four rate hikes in six months, and the possibility of more on the horizon, buyer demand is not showing any signs of waning. RP Data’s national research director, Tim Lawless, told Real Estate Business that early indicators suggest house prices will continue to rise thanks to increasing buyer demand.
Property Bubble in Australia Fuelled by First Home Buyers Now Continues with Investors!
PROPERTY investors have returned in force to Australia’s major capital cities with more than one-third of home loans sourced for investment purposes. The percentage of loans made through Australia’s biggest mortgage broker surged 26 per cent in the past six months as buyers shrugged off the global financial crisis, rising interest rates and warnings of a property bubble.
Australian New Housing Starts Jumped in December Qtr.
he number of housing starts in Australia pushed up 15 .1 per cent in the December quarter, building on the 11 per cent rise in the September quarter, according to the Australian Bureau of Statistics (ABS). According to the ABS, private sector house commencements rose 13.4 per cent in the period after a 9.9 per cent rise in the September quarter.
Govt Stimulus Buys Housing Recovery
The government's stimulus packages are finally starting to be felt in the construction sector, with the establishment of residential buildings surging ahead in the December 2009 quarter. The Housing Industry Association's chief economist Dr Harley Dale said the strong recovery in housing starts highlights the success of targeting policy towards new home building.
Are Our Homes Too Big ?
Australia's love affair with large homes is extravagant and unsustainable and their size needs to be reduced to make housing more affordable, developer Stockland Group says. Chief executive Matthew Quinn also said governments needed to back adequate planning if the nation was to affordably house a forecast population of 36 million by 2050.
Wealthy Buyers Push Prestige House Prices up
Australia's most expensive homes are likely to rise in price by 10-15 per cent this year as wealthy locals and overseas buyers hunt for prestigious addresses in a resilient economy, according to researcher RP Data.
Housing Shortage Set to Accelerate: Hia
Australia's housing shortage could reach 466,000 homes by 2020, if current demand and building trends continue, according to a Housing Industry Association (HIA) report. The Housing to 2020 report estimates the current shortage at 109,000 dwellings, concentrated around metropolitan Sydney and Brisbane.
Sydney Property Boom Tipped for 2010: a Very Strong Tip to Put Your House On....
What a difference a year makes.... Last February many property experts were prophets of doom in the face of the world financial crisis. But the Sun-Herald Property Guide paints a rosy picture for a large number of home owners.
AUSTRALIA RANKS 4th IN PROPERTY PRICE GROWTH
Australia has narrowly missed out on the winners’ podium, placing fourth in a list of the world’s top performing property growth centres. According to the Global Property Guide's latest survey, Australia achieved average annual price growth of 11.2 per cent in 2009.
Previous Articles
- April 2024 2
- March 2024 1
- February 2024 1
- November 2023 1
- October 2023 1
- September 2023 1
- August 2023 1
- July 2023 1
- June 2023 1
- May 2023 2
- April 2023 1
- March 2023 1
- February 2023 1
- January 2023 1
- December 2022 1
- November 2022 3
- October 2022 1
- September 2022 2
- August 2022 1
- July 2022 4
- June 2022 3
- May 2022 2
- April 2022 1
- March 2022 1
- February 2022 1
- January 2022 1
- October 2021 1
- September 2021 4
- August 2021 1
- July 2021 2
- May 2021 1
- April 2021 2
- March 2021 2
- February 2021 1
- January 2021 2
- December 2020 2
- November 2020 2
- October 2020 2
- August 2020 1
- May 2020 2
- April 2020 2
- November 2019 1
- October 2019 1
- August 2019 1
- July 2019 1
- June 2019 1
- May 2019 1
- February 2019 1
- January 2019 1
- October 2018 1
- September 2018 1
- July 2018 2
- June 2018 2
- May 2018 1
- April 2018 2
- March 2018 3
- January 2018 1
- December 2017 3
- November 2017 1
- October 2017 1
- August 2017 1
- July 2017 1
- June 2017 5
- May 2017 31
- April 2017 30
- March 2017 32
- February 2017 28
- January 2017 31
- December 2016 31
- November 2016 29
- October 2016 30
- September 2016 30
- August 2016 26