Source - Australian Property Journal BRISBANE will lead the nation for price growth over the next three years, with a forecast 20% rise in house and 14% in apartment prices outpacing all capital cities as Australia's residential market recovers from the downturn. According to BIS Oxford Economics' Residential Property Prospects 2019 to 2022 report, despite being on the brink of the bottom, the market will have to wait for any "meaningful recovery". Reductions ...

Source:  CoreLogic   Although at a broad level dwelling values are still trending lower across the regions of Australia, the pace of declines eased further in May, continuing a trend that has been evident since the beginning of 2019. Nationally, dwelling values were down 0.4% in May, which was the smallest month-on-month decline since May 2018. CoreLogic head of research Tim Lawless said, "This improvement is primarily being driven by a slower rate of decline in...

Source:  Cameron Kusher - CoreLogic Data for lending to households and businesses data for December 2018 was released earlier this week. This data series replaces the old housing finance and lending finance series and includes some different data. Specifically focusing on lending to households the data shows that the weakening of demand for mortgages has continued. Investor mortgage lending has been weakening for some time however, over recent months there has been a rapid slo...

Source:  Australian Property Jornal - Liz Jordan HOUSEHOLD lending continued to fall in December, with numbers down across owner occupier and investment dwelling segments as the residential market continued to weaken. Official data released showed the seasonally adjusted value of new lending commitments for investment dwellings plummeted by 27.8% year-on-year, and by 16.2% for owner occupiers. Seasonally adjusted, total lending to households came in $32.025 billion. There ...

Source:  livewiremakrets.com - Pete Wargent In early 2018 I wrote on Livewire that the year ahead would be a mixed bag for housing, as tightness in markets like Hobart contrasted the negative outlook for Sydney, which appeared to be at a market-top. As the year played out, a number of the concerns raised came to the forefront of the property discussion. As a result, the team at Livewire got in touch and asked me to update my views on the housing market. In this exclusive article, ...

Source: CoreLogic The May CoreLogic home value index results out today confirm that national dwelling values dipped by 0.1% over the month, fuelled by weaker conditions in Melbourne and Sydney while regional dwelling values continued to tick higher. Australian dwelling values slipped 0.1% lower in May, taking the annual change (-0.4%) into negative territory for the first time since October 2012. In a sign the housing market downturn is becoming more entrenched, May marked the eigh...

Source: Courier Mail A Brisbane man is reliving a nightmare as he battles the Brisbane City Council for the second time in a decade over the resumption of his land.     The BCC wants to take a chunk out of 11 front yards along Grange Rd, Grange to widen an arterial road and improve an intersection which is a traffic jam during morning peak hour. The projects means Grange Rd, which carries 29,000 vehicles a day, will be within a few metres of Paul Kelsal...

Source: Australian Property Journal THE Labor party's policies on negative gearing and to half the capital gains tax discount to 25% will reduce the supply of new housing and decimate the property market, according to industry groups. According to modelling prepared by Cadence Economics, if the policies are implemented, it will see up to 42,000 less new dwellings built across the country; up to 32,000 less full-time jobs; up to $11.8 billion less building activity and up to $21...

Source OilPrice.com People are willing to pay a premium for energy-efficient homes, according to new research. Georgia Warren-Myers, a property lecturer at the University of Melbourne and Franz Fuerst of the University of Cambridge analyzed tens of thousands of property transactions over five years, from 2011-2016, in Australia's Capital Territory, where mandatory disclosure has been in place since the late 1990s. "The data shows people are valuing energy efficiency an...

By David Scutt If the chart below is anything to go by, times are getting tougher for any individual, business or government that relies upon turnover in Australia's housing market. From CoreLogic, it shows the amount of settled housing transactions in Australia on a six-month moving average basis. For clarity, CoreLogic says off-the-plan sales are not counted until completion, meaning there will be some upwards revision to recent sales ...