Comments on: Housing finance figures show an industry in freefall http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/ now with extra source Sun, 12 Feb 2012 09:16:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Bruno Bouchet http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/#comment-17314 Bruno Bouchet Thu, 01 Jan 1970 10:00:00 +0000 #comment-17314 Since when was a fall of less than 1% a 'freefall'? OK housing market is having a tough time but that headline is worthy of The Australian for sensationalist twisting of the figures. Since when was a fall of less than 1% a ‘freefall’? OK housing market is having a tough time but that headline is worthy of The Australian for sensationalist twisting of the figures.

]]> By: Mark Footer http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/#comment-17315 Mark Footer Thu, 01 Jan 1970 10:00:00 +0000 #comment-17315 The highly regional nature of the housing industry makes the statistics quoted in this article virtually meaningless to all but a lender, builder or supplier with major presence nation wide. That is - very few people, and even those would appreciate some regional breakdown or analysis. Perhaps also some comment on causes rather than slavish focus on effects. The highly regional nature of the housing industry makes the statistics quoted in this article virtually meaningless to all but a lender, builder or supplier with major presence nation wide. That is - very few people, and even those would appreciate some regional breakdown or analysis. Perhaps also some comment on causes rather than slavish focus on effects.

]]> By: Pat Rourke http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/#comment-17316 Pat Rourke Thu, 01 Jan 1970 10:00:00 +0000 #comment-17316 The median house price has increased in capital cities by 8.2% over the past year (Jun 07 to Jun 08) according to the same ABS report.<br />http://www.abs.gov.au/AUSSTATS/abs@.nsf/ProductsbyReleaseDate/A50B6B8CF85F0474CA25722900179E3F?OpenDocument<br /><br />Up 14% or more in Melbourne, Brisbane & Perth. Doesn't seem much like freefall to me! Chadstone's median (Melbourne SE middle suburb) increased by 40% through 2007, and so did every single surrounding suburb. Most of them have fallen back by 10-15% in the first six months of this year, but even those numbers aren't "freefall" given the size of the bubble. The median house price has increased in capital cities by 8.2% over the past year (Jun 07 to Jun 08) according to the same ABS report.
http://www.abs.gov.au/AUSSTATS/abs@.nsf/ProductsbyReleaseDate/A50B6B8CF85F0474CA25722900179E3F?OpenDocument

Up 14% or more in Melbourne, Brisbane & Perth. Doesn’t seem much like freefall to me! Chadstone’s median (Melbourne SE middle suburb) increased by 40% through 2007, and so did every single surrounding suburb. Most of them have fallen back by 10-15% in the first six months of this year, but even those numbers aren’t “freefall” given the size of the bubble.

]]> By: Kevin Cox http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/#comment-17317 Kevin Cox Thu, 01 Jan 1970 10:00:00 +0000 #comment-17317 Loans for housing dropping is an excellent sign if the loans are for existing houses. It appears that loans for new dwellings rose by $64M. People changing houses does not increase the wealth of the country only tends to increase house prices. It appears that the speculators are going out of the market which is good for us all. Loans for housing dropping is an excellent sign if the loans are for existing houses. It appears that loans for new dwellings rose by $64M. People changing houses does not increase the wealth of the country only tends to increase house prices. It appears that the speculators are going out of the market which is good for us all.

]]> By: John James http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/#comment-17318 John James Thu, 01 Jan 1970 10:00:00 +0000 #comment-17318 The rental market in Sydney is tough. Most real estate people talk about renters having to "bid" for a rental. There is anecdotal evidence of banks reclaiming increasing numbers of homes because of mortgage default as well as stories abounding of owners equity in their home and degree of gearing deteriorating in the North West of Sydney which is by no means normally regarded as " Struggle St." The rental market in Sydney is tough. Most real estate people talk about renters having to “bid” for a rental. There is anecdotal evidence of banks reclaiming increasing numbers of homes because of mortgage default as well as stories abounding of owners equity in their home and degree of gearing deteriorating in the North West of Sydney which is by no means normally regarded as ” Struggle St.”

]]> By: Michael http://www.crikey.com.au/2008/08/06/housing-finance-figures-show-an-industry-in-freefall/#comment-17319 Michael Thu, 01 Jan 1970 10:00:00 +0000 #comment-17319 Nearing the bottom? Housing is still at record low levels of affordability! Boom on the way I suppose? Nearing the bottom? Housing is still at record low levels of affordability! Boom on the way I suppose?

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