Source:  Bees Nees - City Realty Somewhere out in Brisbane's suburbs there's a huge industrial yard full of disassembled tower cranes. Once reaching high and proud over our inner-city's shiny new apartment buildings but now disembodied, laying prone in the dust. Waiting until they're next needed. And many of us hope they rot and rust for some time to come! We've simply had too many apartments built and it's been pleasing to see construction slowing and, mor...

Source:  Australia Property Journal APRA'S macroprudential measures coupled with state and federal government policies have had an impact on activity in the apartment market nationwide, with the total number of units under construction falling by around 10,000. According to JLL's Apartment Markets report for G4 2017, self-regulation from developers in the face of tighter lending conditions and slower pre-sales rates has seen the number of projects under construction dw...

Source:  Brisbane Times The imminent arrival of online giant, Amazon, has seen a surge in demand for industrial warehouses, with gross leasing activity accelerating past historical benchmarks in the third quarter of 2017, according to JLL research. This has been particularly prominent along the eastern seaboard. Amazon has its first base in Dandenong, in south-east Melbourne, and is said to be preparing for a pre-Christmas "launch". It is believed to be...

Source:  Australian Property Journal CHINA'S tightening on capital movement out of the country has tempered buyers demand in the Australian residential market, however the surge in apartment construction continues to pose the greatest risk. The Reserve Bank of Australia's head of financial stability, Jonathan Kearns, told the Aus-China Property Developers, Investors & Financiers lunch in Sydney yesterday that the capital controls had seen purchases of new propertie...

Source:  Corelogic Dwelling value growth has slowed as demand from investor's falls; is this just a coincidence or does it highlight just how reliant the housing market has become on demand from the investor segment? Over the past five years, dwelling values nationally have increased by 39.3% largely driven by Sydney and Melbourne where values have increased by a much larger amount.  At their peak in May 2015, investors accounted for 54.8% of new (excluding refina...

Source:  Brisbane Times A senior Reserve Bank official has flagged concerns about the "awful lot" of apartments due to flood the Brisbane property market, and the potential hit facing investors who had bet on making capital gains. Michele Bullock, assistant governor for the financial system, on Thursday signalled that the RBA's long-running worries about an oversupply of apartments were most acute in relation to Brisbane, but it was more comfortable with the wave...

Source:  Brisbane City Buzz - BeesNees City Realty   Few things are more on the mind of inner-Brisbane property investors right now where's the rental market headed? The media clamor for new data and are being fed by property developers and others with an interest in positive spin, along with those "independent" commentators who would like investors to put their savings into another place, and can only see the sky falling on our market. So here's our...

Source: CoreLogic   Over the 12 months to May 2017, only 4.8% of all houses nationally actually sold highlighting just how little stock sells in a given 12 month period. Across house sales over the past 12 months, Tasmania saw the highest proportion of stock turning over with 5.6% of all houses in the state selling.  Conversely, Western Australia saw the lowest proportion of turnover with just 4.0% of all houses selling over the past year.  % of total houses ...

Source:  CoreLogic
CoreLogic August home value index results for the month confirm a slowdown in housing market conditions in Sydney, while Hobart emerged as the country's best performing capital city based on growth in dwelling values over the past twelve months. National dwelling values remained flat during August, with capital city values edging 0.1% higher. Simultaneously, regional dwelling values slipped 0.2% lower.  According to CoreLogic head of research Tim Law...

Source:  CoreLogic   The housing market is gradually responding to higher mortgage rates, tighter credit policies and affordability challenges, with the quarterly trend in capital gains moderating relative to early 2017. According to CoreLogic head of research Tim Lawless, the latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Brisbane (-0.6%), Perth (-1.3%) and Darwin (-1.2%).
Index results as...