Is this the beginning of the end of the property boom? If you’ve been following the property news lately you be forgiven for thinking so. The Chiefs of two of the biggest banks have suggested that regulators should step in and introduce macro-prudential controls to slow down our booming housing markets. In the closing statements…
The facts are in, the average Australian is getting richer. Australian total household wealth (net worth) rose by a record $735 billion or 5.8% to record a high of $13,433.7 billion in the June quarter. Despite all the challenges Covid has thrown at us wealth is up 19.7% on a year ago – the strongest…
The general theme of my podcast is property investment, success, and money. But today’s show is more about you. If you’re like many Australians you’re sick of Covid, and by that, I don’t mean sick with Covid. But sick of the limitations, the restrictions, the lockdowns, the inability to get on with your life or…
How will the proposed introduction of macroprudential measures to slow our property markets eventually play out ? Felicity Emmett from ANZ Bank looked at recent statements made by the Council of Financial Regulators ahead of the changes and gave the following report…. The chances of macroprudential measures being introduced by late this year or early…
The Council of Financial Regulators today announced APRA will consider possible macroprudential policy responses to address the medium-term risk created as a result of surging loan sizes. Ultra-low interest rates, strong demand for housing and soaring prices are stretching more borrowers into higher debt-to-income brackets. While the regulator’s focus is on lending standards, changes under…
How have lockdowns impacted our job market? According to National Australia Bank Market research watch, Australian job vacancies have fallen 9.8% during the lockdowns, but remain well above pre-pandemic levels and support expectations for a strong recovery. Job vacancies fell a seasonally adjusted 9.8% in the three months to August, but importantly remain 46% above…
If you’ve been following the Real Estate columns in the media recently it would have been hard to miss stories about mortgage stress and rising interest rates. Of course, it’s the same property pessimist chasing a headline giving biased views based on the preconception that our property markets are about to crash and backed up…
There’s a lot of talk about interest rates in the media recently isn’t there? On the one hand, the Reserve Bank is saying rates are not going up any time soon. And on the other hand, rising property prices and decreasing housing affordability are causing many commentators to suggest interest rates are going to rise…
At its core, real estate is about demand and supply. Whilst housing prices are influenced by many variables – including interest rates; the availability of finance (liquidity); consumer confidence; employment; wages; economic growth; government policy etc. – what matters the most is simply the interplay between supply and demand. When demand exceeds supply, then values often rise. When supply…
In today’s podcast, we’re going to take a deep dive into the Brisbane property market with two of my regular guests, Stuart Weymss and Brett Warren. After a number of years of sluggish growth, Brisbane has been one of the strongest performing property markets over the last year and is likely to continue to be…