16 06, 2017

Disrupters see opportunity in heated housing market

By |June 16th, 2017|Australia|0 Comments

The heat in Australia’s housing market is creating opportunities for disruptive businesses to address the frustrations of buyers and vendors. Although dwelling values softened marginally in the east coast capitals last month after fresh clamps on bank lending, the dip followed a five-year bull run where values soared more than 70 per cent in Sydney [...]

14 06, 2017

Australia risks housing correction after foreign buyer tax hike

By |June 14th, 2017|Australia|0 Comments

SYDNEY (REUTERS) - Soon after Australia's New South Wales state announced it was doubling the tax for foreigner home buyers earlier this month, calls started flooding in to Sydney-based real estate agent Shan Lin. "My phone never stopped, I charged my phone three times, no kidding - overseas clients, overseas agents, my channels in China," [...]

19 01, 2017

Aussie property boom benefits Perpetual

By |January 19th, 2017|Australia|0 Comments

The fixed income money manager cuts some of its real estate debt investments to the lowest level in 10 years AUSTRALIA'S overheated property market has spurred one of the country's top-performing fixed income money managers to cut some of its real estate debt investments to the lowest level since the 2007 financial crisis. Vivek Prabhu, [...]

5 01, 2017

Melbourne could overtake Sydney as Australia’s most expensive city

By |January 5th, 2017|Australia|0 Comments

SYDNEY, your time as Australia’s most sought-after address could soon be over. Archrival Melbourne is threatening to steal the Harbour City’s crown, with its housing market slaying that of its glitzy big sister. After being voted the world’s most liveable city for the sixth year in the a row, Melbourne property prices grew faster than [...]

4 01, 2017

Foreign property investment to run strong

By |January 4th, 2017|Australia|0 Comments

The level of foreign investment in Australian commercial property hit a record $10 billion last year and is not expected to peak any time soon as international buyers scan the local market and finance rates remain low. An analysis of the 2016 transactions carried out by JLL for The Australian shows Singaporean buyers were particularly [...]

28 11, 2016

Chinese property investors may be forced to sell as bank finance dries up

By |November 28th, 2016|Australia|0 Comments

Thousands of Chinese property investors who bought apartments in Australia are still scrambling to save their investments, six months on from a bank clampdown on foreign lending. Earlier this year, the big four banks cut off lending to offshore investors in a bid to reduce the amount of risk they took on. They were spooked [...]

28 11, 2016

What’s Really Caused Australia’s Property Bubble

By |November 28th, 2016|Australia|0 Comments

When Malcolm Turnbull reintroduced legislation to create an Australian Building and Construction Commission, he argued it was necessary, among other reasons, to make housing more affordable. The bill, he said, would help "young Australian couples that can't afford to buy a house because their costs are being pushed up by union thuggery" In Parliament a [...]

15 08, 2016

House price growth to slow as property hits ‘broad peak’, ANZ says

By |August 15th, 2016|Australia, Uncategorized|0 Comments

The great engine of growth that has held up the economy since the end of the resources boom two years ago will soon run out of puff, say ANZ Bank economists who predict the housing sector is reaching its peak performance. Increasing regulatory crackdowns on investor borrowing, new taxes on foreign buyers, and growing fears of [...]

25 07, 2016

Frozen loans trigger Australian property funding crisis

By |July 25th, 2016|Australia|0 Comments

Off-the-plan buyers of Australian apartments are in crisis as tough new borrowing rules mean thousands of investors who have paid a deposit are struggling to complete their purchases, according to local and overseas mortgage brokers and financiers. Shanghai-based financiers claim their Chinese clients' funding from Australian banks has been frozen and they face foreclosure - or usurious [...]

27 06, 2016

Australians buy sterling to pick up cheaper residential property post-Brexit

By |June 27th, 2016|Australia, United Kingdom|0 Comments

Investors are punting residential property in the UK. Getty Images   Australian investors are parking funds in the UK to snap up cheap property deals, speculating Brexit will drive down residential property prices there. Just hours before and after Brexit and as the sterling plunged, some Australian investors transferred more money into the UK instead of withdrawing it, several visa and money exchange services [...]