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Housing: Boom Turns To Bust
Australian capital city home prices have fallen for 12 months in a row and are down 4% from their peak. Most of the weakness relates to the previous boom time cities of Sydney and Melbourne but prices are continuing to fall in Perth and Darwin. This begs the questions: how far will prices drop? and what will it mean for the broader economy?
Property: Renovating for Profit
“Flipping” might be the new word on the block but Australians have long been part of the reno revolution. Some are looking for fast returns (the flip), while others are upgrading after being in a home for several years. Whichever your strategy, chances are the goal remains the same: to renovate for profit. Here are some tips to ramp up your returns...
Housing Boom Over
Australia’s housing boom is “officially over,” with data showing prices now flatlining, UBS Group AG said. National house prices were unchanged in October from September, CoreLogic data released Wednesday showed. Annual price growth slowed to 7 percent last month from above 10 percent as recently as July, the data showed...
Property: Premium Housing Rises Fastest
QUARTERLY HOUSING REPORT
HOUSING OVERVALUED?
The cooling in the Sydney and Melbourne property markets evident in late 2015 in response to macro prudential tightening deployed by APRA has proved ephemeral.
Price gains have reaccelerated and auction clearance rates & lending to property investors have rebounded.
Over the last five years Sydney dwelling prices have risen a ridiculous 73% and Melbourne prices are up 47%. As a result the Australian housing market continues to cause much angst around poor affordability and high household debt. This note looks at the main issues. Read more
Monthly Property Prices
With the exception of Hobart, all capital cities experienced an uptick in prices over the last month. View here
For more information, contact Rick Maggi on 9382 8885 or rickmaggi@westmount.com.au.
25/09/14: Australian property - a little too hot?
...well that depends
A balanced analysis of the Australian property sector. Read more here
Rick Maggi Westmount I Financial Solutions