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.
Historically, places where outer fringe land can be subdivided see the largest booms and busts over the course of the real estate cycle.
Not only is Sydney property priced OK for China’s rich, it has a thing that’s pretty rare in the big cities of China these days: blue sky.
You need to look after yourself. The best way to do this is by moving your money into quality resource stocks. Compared to property, they are dirt cheap.
The Performance of Construction Index (PCI) is contracting. The main takeaway from the July results is that construction is ‘a two speed industry.’
The House economics committee today held a hearing as part of its home ownership inquiry. Speakers included Luci Ellis from the RBA, and Wayne Byres, chairman of APRA.
Residential property investors are railing at banks’ decisions to raise rates on investor mortgages. But rate rises could make other investors much richer.
Investment and ratings firm Moody’s has just released its latest outlook on the Australian banking system. ‘Banking System Outlook: Australia’ says that banks will remain stable in the face of a tough operating environment.
Research firm CoreLogic says that Australian housing is now worth a collective $6 trillion. Sydney and Melbourne have lead the charge in price growth.