House prices have risen in the September quarter according to the ABS.
Building approvals have plunged by over 8% on a seasonally adjusted basis. Not a confident sign for the economy.
Creditors are being asked to vote to wind up the Ralan Group.
Apartment and housing developer Mirvac has declared the housing slump over and is continuing to land bank.
Domain is using a listing rise to predict a bumper year for property in 2020.
#RealEstate #Property #HeiseSays Over and incorrect valuations present a serious risk to the economy. References Valuations and value could have a serious impact on how much super you really have. Here’s why https://www.abc.net.au/news/2019-11-11/valuations-and-value-can-superannuation-funds-avoid-meltdown/11691100?section=business
#RetailRecession #Economy #HeiseSays Let’s have a look at the KP Centre in Shailer Park south of Brisbane and see how a shopping centre can adapt to the loss of their anchor tenancy. References
#Housing #Economy #HeiseSays A new housing boom is being predicted for Australia. References Australian property: New record housing boom for most capital cities ‘just months away’, industry data reveals https://www.realestate.com.au/news/australian-property-new-record-housing-boom-for-most-capital-cities-just-months-away-industry-data-reveals/?rsf=syn:news:nca:news:spa:strap
#Construction #Property #HeiseSays Dwelling approvals have dropped over 21% when compared to this time last year. References
#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