They say Australia's economy will be the hardest hit developed economy from the China slowdown! What a revelation. Who would’ve thought? Well, you certainly knew. I’ve been writing about it for years.
The ABS has released the latest stats on residential property prices. Average property prices are up 9.8% over the year, and up 4.7% over the quarter to June.
Just take a look at what’s happening in the property markets. You’ll see why the outlook we have at Cycles, Trends and Forecasts is so positive.
Joe Hockey has provided an update on the foreign real estate crackdown. Foreign property buyers who have never dealt with the FIRB are now being caught.
On Saturday, the clearance rate was just 75.7%, below last weekend’s 76.3%. Not surprising given the choice buyers have in the Melbourne property market.
An option agreement allows a buyer to reserve the ‘option’ to purchase a property for a specified amount at (or before) a specified date.
Corelogic RP Data has released its latest monthly rental stats. It’s good news for renters. But not so good for landlords.
Many have said that that states need to increase land supply to lower house prices. But releasing new land wouldn’t be as effective as we'd like to think.
Today, the ABS released the latest building approval stats. It’s good news for developers. Or planning professionals, at least. On a seasonally adjusted basis, 13.4% more dwelling units were approved in July compared to this time last year.
APRA released its latest lot of monthly banking stats today. Surprisingly, investor lending growth hasn’t slowed down that much.