Real estate business Domain has officially listed today, opening at $3.80 per share. Giving it a market cap just shy $2.2 billion.
Bad debts are at historic lows, and it’s proving a big windfall for the big four. But you have to think, if house prices had gotten so high and had the consumer stretched to breaking point, you’d expect bad debts at the big four to be rising, not falling!
A daily commute from Sydney to Melbourne will be feasible. It’s just a small part of a technological revolution slowly creeping into modern life. And it could be game-changing. This new technology could have a very strange effect on future Australian property prices.
Investors in Australia’s banks — who are likely homeowners as well — need to think carefully about how exposed they are to this sector. Bank profits are built on Australian property.
Discussion of Aussie real estate tends to focus on Sydney and Melbourne. But for insight into what it could look like if it all goes wrong, look west.
In today’s Money Morning…the argument for keeping interest rates on hold in Australia…how much are rising house prices a burden on the economy?
I have no doubt that when Aussie property prices crash, it will be a specular fall. But right now, I can’t see that happening for a few more years yet.
We hear so much, about how high Aussie property prices are. That Australia hasn't had a recession in two decades and one is due.
Population growth has a strong effect on a country’s economy. The impact of increased birth rates is gradual. The impact from migration is almost immediate.
Parker says there's a property market ‘calamity’ coming. And he’s not alone. We had two calls for an Australian economic collapse last week.