Should people be able to use part of their super to buy their first home?
Prefabricated builder Archiblox is in liquidation.
Let’s look at the trend in cheap $100k homes.
#Economy #Recession #HeiseSays Liquidators are taking on more staff and preparing for growth in 2020. Not a good sign for the economy. References Business is booming for liquidators and that’s a bad sign for everyone else https://www.abc.net.au/news/2019-11-15/business-is-booming-for-liquidators-and-that-is-a-bad-sign/11705492?section=business https://insolvencynotices.asic.gov.au/browsesearch-notices https://www.afsa.gov.au/statistics/annual-statistics
#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 An apartment shortfall is being predicted based on advertising data. Once again I am sceptical. References Slump in new apartment projects means shortfall in 2021
#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
#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
#Property #RealEstate #HeiseSays Advertised Auction Clearance Rates are much higher than the formula Domain claim to use. Let’s jump into Excell and find out what the real Auction Clearance Rate should be. References https://www.domain.com.au/auction-results/sydney/