Posts Tagged ‘Australian Property Market’

New Loan Commitments Continue to Grow

Despite the pandemic still hanging around creating intermittent havoc, the Australian property market remains resilient, continuing to break records and defying the logical premise of instability one would have predicted when the COVID lockdowns commenced in 2020.

The latest information from CoreLogic, sourced from the Australian Bureau of Statistics (ABS) – reveals the total value of new loan commitments for housing grew for the seventh consecutive month and shows no sign … Read the full post »

Regional Markets Continue to Shine!

Australia’s leading property market analysts and data collectors, CoreLogic released their latest report on the health of the national property market this week, and there’s plenty of good news, particularly for regional markets along the eastern seaboard, such as the Sunshine Coast.

December home value data showed the combined regional dwelling market increased 6.9% in value over the year; a growth rate more than three times the rate of the combined … Read the full post »

Snapshot: Household Debt in Australia

Despite the Australian property market demonstrating its resilience in the face of COVID19, there is still concern about the substantial increase of household debt levels, which have risen significantly over the past thirty years.  In June 1990, the ratio of household debt to annual disposable income peaked at 68%; and in June 2020 it is now at a whopping 185%.

Most of the debt held by households is housing debt, which … Read the full post »

HomeBuilder Scheme Extended

On Sunday November 29, the Federal Government announced the extension of the HomeBuilder program from January 1, 2021 to March 31, 2021.

HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home. HomeBuilder assists the residential construction sector by encouraging the commencement of new home builds and renovations.

Changes to the HomeBuilder program include:

A $15,000 grant for building contracts … Read the full post »

Buoyant Property Market

The local and national media has been recently reporting about the buoyancy of regional property markets amidst the COVID19 pandemic, highlighting the Sunshine Coast as one of the most popular markets, particularly for buyers from Sydney and Melbourne.

This month the Australian Bureau of Statistics reported a significant shift of people moving from capital cities to the regions including a net loss of 14,000 in Sydney in the first half of … Read the full post »

Timing is Critical: The Window of Opportunity

There has been a significant amount of commentary around the Australian property market in 2020 in the context of COVID19, and many attempts to predict what’s around the corner in 2021.  One thing that is clear is that many of the dire predictions about the Australian property market falling off a cliff, just have not come to fruition.  Despite coronavirus lockdowns, recession, and rising unemployment – our property market has … Read the full post »

Investor Activity Softens

CoreLogic’s latest report on Investor Activity in the Australian Property Market reveals that there hasn’t just been a softening during the COVID19 pandemic; in fact, investor activity has been falling since early 2015, across all Australian states.

The main reason attributed to this is the macro-prudential policies that were implemented in Australian mortgage lending, which did tighten lending criteria and exclude some would-be investors from commencing or growing their portfolio.

The latest … Read the full post »

Australian Property Market Update

CoreLogic has just released the latest Australian Property Market Report reflecting on activity and prices across the nation in September, and whilst last month home values declined in Sydney and Melbourne; it is a mixed bag as the other six capitals all records a life in home values, and regional markets are continuing to perform strongly.  See below graph (source: CoreLogic)

At … Read the full post »

Market Sentiment QLD

The Queensland real estate industry body, the REIQ, have been carefully monitoring not only the state property market in the wake of the COVID19 global pandemic, but also consumer sentiment across Queensland regarding consumer confidence in recovery and general outlook.

Whilst there is evidence property prices have dropped nationally by 2%; Queensland has fared somewhat better overall with a 0.3% drop, and the Sunshine Coast, very much a lifestyle-driven regional market, … Read the full post »

Demand for Lifestyle Regions on the UP!

The media is flooded with stories, mostly negative, about the Covid19 virus and its impact on the national economy – particularly focused on employment, business confidence, and diminishing international migration so critical to growing our economy, particularly in the property development sector.

However, amidst all this doom and gloom, there have been some interesting and quite positive trends emerging that are really starting to gain traction and the attention of industry … Read the full post »

Regional Housing Market and COVID-19

Whilst the unfolding events surrounding the COVID-19 pandemic continue to escalate in Victoria, along with pockets of outbreak in New South Wales; Queensland is still faring very well in comparison, and our state government continues to monitor the situation closely.

The million-dollar question is ‘what impact is this having on the property market’?  Well, there has been a noticeable slowdown in Victoria in particular, as well as a drop in prices.  … Read the full post »

Winter Outlook for Property Market

According to some leading property analysts across the nation, and indeed many agents experiencing a surge in enquiry as the COVID-19 restrictions ease; this winter could prove a more active market than anticipated.

The spring season is normally the most popular time to sell homes, with the weather warming and gardens in full bloom; however, confidence is starting to trickle back into the market, as many are now seeing some light … Read the full post »

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