Despite the best attempts by housing bulls, banks and politicians to resuscitate the flailing residential property sector, the Australian market (Sydney excluded) continues to struggle
Housing prices
Is the housing bubble a myth? Sure is, if it’s different
It has been said that the four most dangerous words in investing are “this time it’s different”.
House price experts off key on the new reality
Not everyone appears to have quite caught up with the new reality facing Australian property investors.
The Nouriel Roubini CHOGM show
Nouriel Roubini, one of the handful of leading voices who “called” the GFC, flew into Perth this week for CHOGM and literally stole the show, writes James Kirby, of Business Spectator.
Housing prices … don’t expect a soft landing
Australian property peaked around May last year, since then prices have gradually fallen across the country. And if overseas experiences are any guide, we shouldn’t be expecting a soft landing.
Don’t be surprised if the GDP is shocking
It doesn’t take a fall in GDP or a rise in unemployment to prick a housing bubble, writes Gavin R. Putland, from Prosper Australia.
Stand-off as housing prices take a tumble
As clearance rates slump in capital cities across Australia, vendors appear to be quickly realising that what they thought (or have been told) their properties are worth is not quite accurate.
Memo to the banks: the housing party’s over
While many Australians realise that the housing party is over — the Financial Review reported that first “buyers joy turns to despair” — there are still a few who haven’t quite read the memo.
Housing … past performance no indication of future returns
Instead of restricting supply of dwellings, it appears that in Melbourne especially, banks appear to be doing the opposite.
The housing bubble and the illogical excuses that surround it
It’s not only uneducated investors and self-interested mortgage brokers who make illogical excuses for the property bubble.
Fear and status still the drivers in housing sales
If there really were a housing shortage, it would be very quickly borne out in higher rental costs.
Housing undersupply a NSW problem not likely to be fixed any time soon
We’re facing a significant decline in housing construction, but the problem is primarily one of NSW Labor’s making.
People feel richer, but the reality is they can afford less
If Australians are really richer now than 20 years ago, why, for many, is everything to unaffordable?
Cheep, cheep, cheap they shrill … but what is a cheap property?
Is a 3% yield on a relatively risky asset (when you can get 6.5% in bank account) a cheap investment?
Signs of the bursting housing bubble are emerging
A drop in the price of residential property tends to happen far more slowly than a share market correction.
Schwab to Joye: I have 50 grand to say house price will be lower in real terms
Adam Schwan throws down a $50,000 gauntlet to Chris Joys.
Meet the dream-gone-sour faces of the housing boom
The stressed recent first-home buyers are likely to be the first front in any housing collapse.
Why property investment is like owning a dodgy pub
For the past few years by investing in the median capital city property (using finance) you actually lose money — in fact, the only way to profit from an investment in property is to hope that there is a “bigger fool” who is willing to pay even more for an asset which generates a negative return.
Residential property prices: why the big ship is difficult to turn
Clearance rates are falling, stocks dwindling and even some real estate agents are expressing concerns about the prospects for the property market.
Raising disposable income will counter the housing bubble
Given that price/income ratios must return to earth for housing prices, and that governments are loath to allow the price to fall, the only remaining option is to increase incomes, writes Gavin R. Putland.
President of low housing prices
As the American real estate market crashed, the whole nation suffered. Take a look at how the value of US presidents’ homes have fared: the Obamas are doing OK, the Kennedys not so good.
House prices still on the up while loans head down
Property watchers continue to question the bizarre set of circumstances that has led to house prices continuing to rise but loans to finance property purchases falling.
Housing a ‘productive way to spend’ your hard-earned?
The Australian housing bubble is causing investment in over-priced property to the detriment of dynamic business. This may be “productive” for real estate agents or mortgage brokers, but not for the Australian economy.
Housing finance hits nine-year low for owner-occupiers
House prices are rising, auction clearances are high and yet the number of owner-occupied housing commitments has hit a nine-year low.
The not-so-good news: housing costs continue to rise
The first of the crude “median” house price data has started coming through and it is sprightly to say the least, according to Christopher Joye. But it’s not necessarily great news for policy makers.
