Australia’s property market has reached a turning point, with smaller cities taking more of a front row seat in the growth story. CoreLogic’s monthly figures show the capital cities with the biggest property price increases in November were Canberra (+0.9pc) and Hobart (+0.6pc). Melbourne dwelling values, on average, rose 0.5 per cent last month to […]
The Reserve Bank has warned about areas where it sees “potential risk” in the property investment market, such as the growing number of people with multiple investment properties, and an increase in investors aged over 60 who have a mortgage. The comments came despite the central bank saying the major banks’ clampdown on riskier loans […]
Key points: Sydney houses up to 30pc overvalued, Melbourne around 25pc But economist Paul Dales only predicts a 10pc correction Prices in other capital cities within 10pc of fair value House prices in Australia’s two biggest capital cities are between 25-30 per cent overvalued, according to a leading economist, […]
AUSTRALIA has roughly “six weeks” to prevent a housing market collapse caused by the banks’ crackdown on foreign investor lending, a US defence think tank has warned. In an article titled “Australia Risks Strategic Setback From a Significant Foreign Direct Investment Drop Due to Changes in Bank Policies”, the Washington-based International Strategic Studies Association warns […]
Interest in real estate is creating a fallacy that the economy is growing and life is easy. The trend has now been for someone to buy a small parcel of land in the sun-scorched and dusty bush areas that ‘have potential to grow’ and wait for three or so years for the parcel to ‘appreciate’ […]
Australia is at risk of an overvalued property market, according to a leading global investment bank. Credit Suisse argues that rising house prices become problematic when accompanied by rising household debt – which is presently the case in Australia. “Price increases are not yet necessarily a problem in themselves; the risk of overvaluation often arises […]
