Is Australia’s property on the verge of a boom or a bust?
Categories
Property, Boom or Bust
Category: Property
Categories
Buyers Swooping on Perth
#RealEstate #Property #HeiseSays Interstate and International buyers are swooping on Perth property. References 40 fire crews tackle flames ‘crawling up cladding’ at student flats http://mgoboard.com.au/wp-content/uploads/2016/08/NCC2016-BCA-Guide.pdf
#RealEstate #Property #HeiseSays A housing crash in 2020 is one of the top 20 risks for the global economy. References https://au.finance.yahoo.com/news/is-australian-property-heading-for-a-crash-012110570.html
Categories
Housing Affordability FOMO
#RealEstate #Property #HeiseSays Housing Affordability is now being used to create fear of missing out. References Housing affordability in Australia has slumped, ANZ CoreLogic report reveals Inflation and Housing Housing affordability in Australia https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability Rich are getting richer, but stagnating wages mean income inequality is steady https://www.abc.net.au/news/2019-07-12/household-income-and-wealth-abs-data-shows-rich-are-richer/11302696 6523.0 – Household Income and Wealth, Australia, 2017-18 […]
#Property #RealEstate #HeiseSays It is being claimed that Australia’s property market is different and essentially unstoppable. References 7 ways Australia’s property market is different https://au.finance.yahoo.com/news/7-ways-australias-property-market-different-193007119.html
#Property #RealEstate #HeiseSays REA is claiming that the end of the property boom was manufactured. References https://www.smh.com.au/business/companies/about-as-bad-as-it-can-get-rea-boss-bemoans-worst-market-for-property-in-decades-20191108-p538ow.html?fbclid=IwAR3UM5jA4C94d67mb3GgVYiBCfXFna6JSrWPb5uCXbzGwRJJl6KajtGhx_E
Categories
Luxury Apartments Dropping 25%
#Property #RealEstate #HeiseSays Off-The-Plan apartments at Australia 108 have plunged in value by up to 25%. References ‘Stupidity’: Buyer rues overpaying for apartmenthttps://www.afr.com/property/residential/my-own-stupidity-buyer-rues-overpaying-for-australia-108-apartment-20191106-p537tk?&utm_source=facebook&utm_medium=social&utm_campaign=nc&eid=socialn:fac-14omn0053-optim-nnn:nonpaid-25/06/2014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_facebook&fbclid=IwAR2RHfmc4N00yhv14g7Cg1Eo3rXBmH1klyc25BFpepHcoLrlfpah2hNBqzQ
Categories
Melbourne’s 25% Property Crash
#RealEstate #Property #HeiseSays Sales have dropped by over 25% in Melbourne’s outer suburbs. Are we in the middle of a two-speed housing “boom”? References https://www.theage.com.au/politics/victoria/outer-suburbs-lead-melbourne-property-sales-freefall-20191030-p535vz.html?fbclid=IwAR3SGPM0_qb3DYwiR4M3X_KmawhlQcT6F_8HNNGgnZ2O_ApfP5ZJUzeQrDQ
Categories
The Interest Only Epidemic
#RealEstate #Economy #HeiseSays A potential epidemic of interest-only loans is about to reset. Will this affect the housing market? References Interest-only loan reset hurting borrowers despite the rate cutshttps://www.abc.net.au/news/2019-10-28/interest-only-reset-hurting-borrowers-despite-rate-cuts/11637350
Categories
Potential Strata Corruption
#Property #RealEstate #HeiseSays Apartment caretake contracts are creating the potential for corruption. References https://mobile.abc.net.au/news/2019-10-20/markets-buying-risk-but-has-global-economic-conditions-improved/11618474?section=business