#Economy #RealEstate #HeiseSays Melbourne’s empty land has plunged in value by up to 20%, with buyers struggling to secure financing. References
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Melbourne’s Land Plunges 20%
Tag: Real Estate
#Economy #Recession #HeiseSays Australia has lost over 120,000 millionaires. Could this negative “Wealth Effect” be the reason for the retail recession? References Housing market slump means Australia has lost 124,000 millionaires https://www.news.com.au/finance/money/wealth/housing-market-slump-means-australia-has-lost-124000-millionaires/news-story/47c166ee2a77ad677afd6bcd33208e95 The Wealth Effect https://www.investopedia.com/terms/w/wealtheffect.asp
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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
#Property #RealEstate #HeiseSays Investor Confidence is apparently growing. References Low rates, strong rental yields boosting investor confidence in Qld
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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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Architecture Fees Crash
#Architecture #Fees #HeiseSays Let’s talk about the fees for my profession. References Time to ‘get out’: Architects pay hit by slump https://www.afr.com/property/commercial/time-to-get-out-architects-pay-hit-by-slump-20191015-p530rg
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New Cracks at Mascot Towers
#MascotTowers #Defects #HeiseSays New cracks have been discovered at Mascot Towers. References https://www.abc.net.au/news/2019-10-15/mascot-towers-warnings-of-structural-failure/11604326
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Housing Prices Rise
#Housing #RealEstate #HeiseSays Housing prices have risen in Melbourne and Sydney so naturally, this means the marketing is turning around. Perhaps it’s time to discuss other factors that might be affecting property prices. Watch on Bitchute Watch on Facebook References Australia’s house prices have rebounded by up to $3000 a week https://www.news.com.au/finance/real-estate/buying/australias-house-prices-have-rebounded-by-up-to-3000-a-week/news-story/cdda6724b73cda866da20fa39908427f
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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 […]