The lack of feasible and affordable new properties and the consequential stagnation is producing a ripple effect of unfortunate consequences, writes property expert Catherine Cashmore.
READ MORE20 Results
PROPERTY PRICES
There’s statistical agreement: property prices are up
The ABS and APM have similar figures for Australia’s capital city housing markets (though neither tracks regional areas). And it’s good news, writes Terry Ryder at Property Observer.
READ MORE
Get Fact: is it really ‘cheaper to buy than rent’?
It’s cheaper to buy a house than rent one, according to a story in The Australian Financial Review. We apply the Crikey Get Fact test to that rather bold statement.
READ MORE‘Hoary economic chestnuts’ doom Australian economy
The latest foreign-sourced criticism of the Australian economy reflects an outdated and resentful view from the northern hemisphere.
READ MORE
Joye: banks on track to bump house rates
The “stabilisation” evident in Australia’s housing market in 2012 has galvanised further during the month of April. Banks are now on track to bump rates, says Christopher Joye of Property Observer.
READ MOREWhen is a property expert not a property expert?
Move over Henry Kaye. Step aside Bruce Yardney. There’s a new property expert back in town.
READ MORE
Foreign investment in Aussie farmland on hold
Foreign investors in the past year have spent a record $12 billion buying up Australian farmland and agricultural businesses but, according to a new report, are putting off further investment. Larry Schlesinger explains.
READ MOREProperty prices falling, a trend that will continue
However you frame it, the performance of residential property in the past year has not been good.
READ MOREHousing: what the bubble giveth, the bubble taketh away
The property mood appears to have shifted from buoyant, to flat to morose in just a few months.
READ MOREThe house bubble is popping, even the AFR agrees
Even the Australian Financial Review appears to have taken an entirely somber view about the Australian residential property sector. It seems to be cool to be a bear.
READ MOREAuction clearance rates: would you ask your barber if you needed a haircut?
Newspapers have a responsibility to ensure that the information they provide is as accurate possible — in continuing to use obviously flawed data, our major papers are failing young property buyers.
READ MOREResidential 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.
READ MORE
Yes, residential property does outstrip gold price
While the price of gold has increased by 11.99% annually since 2001, that rise has been clearly outstripped by the increase in residential property in all capital cities other than Sydney.
READ MORE
Altona the heart of democracy, but no bump in house prices
As proud as some residents are to share the prime ministerial neighbourhood, they shouldn’t expect a bump in their property values, writes Crikey intern Michael Carter.
READ MORE
Three likely key drivers for a potential housing correction
If Australian banks are no longer able to service their considerable funding costs overseas, then they will not be able to continue to bankroll the bubble. Can the housing bubble burst? You bet.
READ MORERentals do have a say in residential property prices
The rental market is critical to residential property prices — many who claim that property prices never fall should look closely at the rental sector before believing real estate propaganda over facts.
READ MOREWhere’s the native title property boom?
Native title is frozen in time, with anyone seeking economic opportunities accused of selling out their culture. But, native title isn’t a government handout for righting past wrongs, it’s a recognition of property rights, argues Marcus Priest.
READ MOREHave some cents: don’t let your house dreams run wild
When it comes to buying a house, although tempting the ‘out-of-my-budget-but-my-favourite’ property, it’s imperative to go with your head not your heart. The repercussions won’t be just financial, says Trent Hamm.
READ MORE
Irvine: Buying a house just a dream once more
Australian home prices rose 11 percent in the first 11 months of last year. Interest rates are tipped to rise again. A typical first home buyer needs a deposit worth one year of their income. The housing affordability crisis is back, warns Jessica Irvine.
READ MORE
