Australians are on a massive home shopping spree, borrowing to buy property at rates not seen before in this country. However, our bricks-and-mortar spendathon may be about to hit a snag as warning bells sound over soaring debt levels. Homeownership bonanza Recent ABS data has confirmed what most of us already knew – that the…
Tight listings, record-low mortgage rates, and Australia’s extraordinary growth in housing values have led to continued strong resale gains for vendors, particularly in the country’s regional and tree change markets. CoreLogic’s Pain & Gain Report shows 91.5% of resales during the June quarter recorded a nominal profit-making gain from the previous purchase price, the highest level…
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…
Did you know there are now 32 suburbs around Australia where a $2 million budget will only buy you an ‘entry-level’ premium house? New data shows that the median property price for these pricey suburbs has surged past the $2 million mark in just 7 months. And there’s another 15 expected to join the list…
Capital city housing markets have continued to produce strong results over September with robust buyer demand fuelling significant prices growth, despite the severe constraints of covid restrictions. Prices growth has generally soared over the past year with annual increases at the highest levels in 33 years. The recent strength of housing market activity and sharply…
In 2021 Australian house prices rose at their fastest rate in more than 17 years. As the world navigates its way out of the COVID-19 and we embrace the silver linings that have risen from the pandemic, the value of the Australian property market continues to shine. But what lies ahead? What changes to the…
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…
How has the shift to blended working and strict international travel restrictions impacted the holiday rental and holiday home market? In the 2022 McGrath Report real estate doyen John McGrath explores: The rise of the digital nomad and workcations The surge in domestic tourism and where holiday rental demand is centred How the perfect storm…
