Apparently, the Chinese, not always known for their investing expertise have been “single-handedly been responsible” for Melbourne’s recent home price inflation — at least according to one real estate agent.
Housing market
The real estate spinners who are artificially inflating prices
Despite its ubiquity, residential property remains one of the least transparent asset classes in Australia. Most buyers spend hundreds of thousands of dollars on an asset which they know very little about.
How to stop houses being so damn expensive
Australia needs a solution to its rising house prices, which have jumped dramatically thanks to the laws of supply and demand, writes Tom Elliot. Is reducing immigration the answer?
Keen on Keane: the great population overhang story
On Monday, Bernard Keane took economist Steve Keen to task over his call that property prices will fall next year. Today, Keen has his right of reply.
Great Australian dream still sucking them in
The latest housing finance figures confirm there’s still solid demand for housing finance from investors and owner-occupiers.
When herds collide on the yellow brick road
2010 is shaping as the year that the bulls and bears of the world’s last unpopped asset market bubble — Australia’s property market — will collide head on, writes Steve Keen.
Foreign buyers blow out the housing bubble
The causes of Australia’s ever-inflating housing bubble are many but one hasn’t received a lot of attention: the influence of overseas buyers since the government relaxed its foreign property investment rules.
The murky world of buyer’s advocates
The rise of buyer’s advocates has coincided with the continued inflation of Australia’s residential housing bubble. Why is this happening?
Housing: the market continues to astound
The most obvious problem with the first-home-owner’s grant is that it doesn’t actually benefit home buyers, since most recipients of the grant will probably be in competition with each other.
Everything’s distorted from inside this housing bubble
During a bubble lots of things appear to make sense which in hindsight, are ludicrous. Like, median housing prices that are so high they are double US housing prices.
Loans for existing homes on the up and up
On a first look the latest housing finance figures suggest that the first home buyer rush may be exhausting itself. But don’t get carried away by the numbers.
Housing is overpriced, Swan is making it so
As a treasurer, Wayne Swan makes a fine politician. In a free-market economy, it is not the role of the government to prop up over-priced assets — especially an asset as critical to millions of Australians as housing, says Adam Schwab.
Cage match 2: Steve Keen weighs in on house prices
Economist Steve Keen weighs-in on yesterday’s housing-price cage match, defending a “historical analogy” he made suggesting house prices might fall.
Australian property prices: will the bubble burst?
Will debt deleveraging lead to a collapse in property prices, as it has done in the US? Probably not, says Stubborn Mule: just calling it a ‘bubble’ doesn’t necessarily mean it will burst.
Are we paying too much for the Australian dream?
In one of the more remarkable occurrences, residential property, despite macroeconomic indicators to the contrary, has been an incredibly resilient asset class this year. But that can’t last, argues Adam Schwab.
Political snippets: A little red warning light on Stern Hu
The presumed innocence of Stern Hu and the return of the residential investor.
Business lending slumps, so CBA and others turn to housing
Banks will move to make money from housing while they can, writes Glenn Dyer.
Political snippets: Ugly Australian “curry bashers”
“Curry bashing” retains the headlines in India, enhanced by an abusive Australian air passenger, while the housing construction kick along continues.
The FHOG: a band-aid over a gaping wound
The latest RP Data-Rismark property survey has unleashed a predictable bout of optimism regarding the future of the Australian property market.
Rudd persists with first home buyers furphy
The First Home Owners’ Grant is a policy which significantly inflates the cost of property for first home buyers, and mostly benefits wealthy property investors and developers.
End of the Great Australian Dream starts in Sydney
Sydney house prices have blown out to such a degree that the Great Australian Dream is fast becoming the Great Australian Fantasy.
First home owners grant must go
The first home buyer;s boost was the worst thing to ever happen to first home buyers.
It’s official: house prices falling off a cliff
The fall in Australian house prices accelerated in the March quarter, official statistics have revealed.
Overcoming housing inequality in tough times
As the economy worsens, Australia must find ways to ensure everyone can afford a place to live, writes Ben O’Mara.
Crikey Counterpoint: the Australian property market
Australia’s residential property market delivered a resilient performance during the first quarter, with the RP Data-Rismark National Dwelling Value Index rising 1.6%, writes Christopher Joye. Poppycock, says Adam Schwab.
