#Property #RealEstate #HeiseSays Investor Confidence is apparently growing. References Low rates, strong rental yields boosting investor confidence in Qld
Category: Property
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Worthless Off the Plan Apartments
#Property #RealEstate #HeiseSays Off-the-plan Apartments are losing their value in record numbers. References Majority of off-the-plan apartments worth less than purchase price, data shows https://www.abc.net.au/news/2019-10-21/majority-of-off-the-plan-apartments-worth-less-than-bought-for/11613256?fbclid=IwAR0z4c7meB5OaFftnrT-Im2lFdxQVIjZNae3QkLpkb1PDAta9M6sTQOTbAw
#QuantitativeEasing #HousingBubble #HeiseSays Will Quantitative Easing restart the housing bubble? References Big change by RBA will increase house prices, says new report https://www.news.com.au/finance/economy/australian-economy/big-change-by-rba-will-increase-house-prices-says-new-report/news-story/d42c00dc0c5a7b07240a648cf227a84f
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Perth’s Housing Market
#Perth #Housing #HeiseSays Perth’s housing market has stagnated with significant oversupply and the government is pining hope in mining investment to stimulate migration. Worrying considering current mining investment is in automation and demand for resources is dependant on China. References Perth’s housing market is still lagging behind — and it will take more than a […]
#Housing #Affordability #Australia Housing Affordability is a huge problem in Australia and will dampen hopes that soaring housing prices will save the Australian economy from recession. References House ownership is out of reach for ‘disenfranchised’ millennials, says CoreLogic property analysts https://www.abc.net.au/news/2019-09-28/disenfranchised-millennials-property-ownership-unaffordable/11555420?section=business Housing affordability in Australia https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability
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Real Estate Agents Sell Out
#RealEstate #Property #Sydney Real Estate baron John McGrath sells his last property. Agent’s exiting the market is surely a sign of a boom? References ‘Mr Real Estate’ offloads his last propertyhttps://www.theage.com.au/business/companies/mr-real-estate-offloads-his-last-property-20190922-p52tst.html
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The Property Market Rebound
#Property #RealEstate #Australia Another good weekend for the property market is leading some pundits to claim are rebound is underway. I am much too sceptical. References Property market has a spring in its step, but a rebound is not yet in the bag https://www.abc.net.au/news/2019-09-22/property-market-spring-price-rise-still-has-challenges/11529452?section=business
#Construction #Perth #Sinking The Perth Convention Centre is Sinking. Yes, sinking. References The Perth Convention and Exhibition Centre is sinking and it will cost more than $10 million to repairhttps://www.abc.net.au/news/2019-09-18/perth-convention-centre-car-park-sinking-as-subsidence-worsens/11524050
#Sydney #Property #RealEstate Sydney housing is predicted to rise this spring season. Will the lack of consumer confidence in apartments drive people to housing? References To buy or not to buy? Australian housing prices set to shift https://www.news.com.au/finance/economy/to-buy-or-not-to-buy-australian-housing-prices-set-to-shift/news-story/42e94e8076362fbe9f296ec6c9023094
#Stockland #Recession #Retail Stockland is halfway through a $1 billion dollar divestment or selloff of their non-core retail portfolio. Certainly an indication of where the smart money is moving and perhaps a sign of the medium-term retail future for Australia? References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf