Categories
Economy Property Recession

Stockland’s $1 billion Retail Selloff

#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

Categories
Property Real Estate

Sydney and Melbourne Property Booms

#RealEstate #Property #Boom Property in Sydney and Melbourne has gone up. The return of the boom driven by declining confidence in apartments perhaps? https://youtu.be/lATEJtbUhns References House price surge in Sydney and Melbourne drags national index higherhttps://www.abc.net.au/news/2019-09-02/house-prices-surge-in-sydney-and-melbourne/11469744

Categories
Property

Sydney’s $2 million Dollar Dumps

#RealEstate #Property #Auctions Deric and uninhabitable properties are selling for millions of dollars in Sydney because people want to buy before the coming boom. I have to ask, what could drive a boom in the Australian economy? https://youtu.be/J7sQ3AoNvuc References Collapsing hovels selling for up to $2 million as Sydney auction market turns red hot againhttps://www.news.com.au/finance/real-estate/collapsing-hovels-selling-for-up-to-2-million-as-sydney-auction-market-turns-red-hot-again/news-story/9ebe7550824c356bc7b7186b65cf6317

Categories
Economy Property

Low Interest Rates On the way to negative

#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business

Categories
Economy Property

Mortgage Stress in Retirement

#MortgageStress #Retirement #RealEstate More Australians are heading into retirement with years of mortgage payments and stress ahead of them. References Mortgage debt causing older Australians distress and worsening mental health https://www.abc.net.au/news/2019-08-27/mortgage-debt-causing-older-australians-distress-study-finds/11450958?pfmredir=sm

Categories
Property

Auction Clearance Rates – 24th August 2019

#Investing #Property #AuctionClearanceRates Let’s look at the Auction Clearance Rates for the 24th of August 2019. References Auction Results & Recent Sales https://www.realestate.com.au/auction-results/?rsf=edm:salesresults

Categories
Economy Property

Experts Warn Against Buying Off The Plan

#Property #RealEstate #OffThePlan Experts are warning people to not risk buying off the plan. References Building expert commissioned to investigate industry warns ‘I wouldn’t buy a new apartment’ https://www.abc.net.au/news/2019-08-19/building-report-author-says-she-wouldnt-buy-new-apartment/11421268?section=business

Categories
Property

Off Plan Buyer Loses $60k

#RealEstate #OffPlanPurchase #NewZealand A student has lost $60k purchasing an apartment off the plan because she is unable to obtain funding at settlement. Sadly people need to learn that prices do not always go up. References Sugartree apartment buyer decries $60k deposit loss, developer says ‘hard lesson to learn’ ‘Sadly, the agent was my mum’ […]

Categories
Construction Property

Dodgy Building Certifiers

#Certification #Construction #NSW Dodgy Building Certifiers are leaving a trail of compliance issues in NSW. While there are calls to “Get Tough” on the rogue operators, we still need to look at the conflicts of interest that potentially exist in our approaches to procuring buildings. References Building certifiers leave a trail of chaos https://www.smh.com.au/national/nsw/building-certifiers-leave-a-trail-of-chaos-20190802-p52ddn.html

Categories
Construction Economy Property Real Estate

First Home Buyers FOMO

#RealEstate #FOMO #Sydney Domain is warning potential first home buyers to hurry into the Sydney market because prices are about to rise due to the positive property sentiment. Given that consumer and business confidence is low, housing prices are declining, we are in a per capita recession and unemployment is trending up, why should we […]