Countries with highest number of residents who own #property in #Australia revealed
(* Wonder why 10% of Australian homes are vacant ?) #rentalcrisis #realestate #ausproperty

https://www.9news.com.au/national/countries-with-highest-number-residents-who-own-property-in-australia/619bd79f-ad79-462d-b4d6-c679789db680

#Aussie #HousingCrisis - Are We Doomed? #factcheck #friendlyjeordies #property #ausproperty

https://www.youtube.com/watch?v=lJE3B_ra3lY

The #RBA has previously estimated about 880,000 loans on fixed rates will expire this year, and the peak in this wave is expected around the second half of this year. Morgan Stanley analysts have said the big four #banks have $141 billion in fixed-rate loans due to mature in the six months to September. #AusHousing #ausproperty

https://www.smh.com.au/business/banking-and-finance/banks-brace-for-refinancing-avalanche-as-cheap-fixed-rate-loans-expire-20230406-p5cyog.html

Housing values in some wealthy Australian suburbs have slumped more than a quarter, data reveals. Affluent areas of capital cities ‘lead both the upswing and the downturn’, according to property data expert. #property #ausproperty

https://www.theguardian.com/news/datablog/2023/apr/10/housing-values-in-some-wealthy-australian-suburbs-have-slumped-more-than-a-quarter-data-reveals

#CoreLogic has released its Monthly Chart Pack, which notes that dwelling values nationally were down 7.9% over the 12 months to February, “Australia's largest annual decline on record”: #property #ausproperty

https://www.macrobusiness.com.au/2023/03/australia-records-largest-ever-annual-house-price-decline/

The great #housing crash has stalled, but is far from over. House prices have moved sideways in February due to seasonal factors that will be superseded by the #RBA ’s #interestrates hammer... #ausproperty

https://www.livewiremarkets.com/wires/the-great-housing-crash-has-stalled-but-is-far-from-over

Won’t somebody think of the poor #property cartel ?
Property industry profits are crashing following the collapse in home sales and the steepest correction in property prices on record. #realestate #ausproperty #realestateagent

https://www.macrobusiness.com.au/2023/02/wont-somebody-think-of-the-poor-property-cartel/

The anti-intellectual populist bashing of the #RBA boss needs to stop. Journalists camped outside a bureaucrat's house; forcing one man to apologise to a legion of homebuyers with FOMO is just wrong. Don't hate the player, hate the game.
#ausproperty #property

https://www.savings.com.au/news/stop-hating-phil-lowe

House prices in #nsw are forecast to fall by 21.6 per cent this year because of rising interest rates which is a "sharper than expected downturn" in the state's #property market. In the half-yearly budget review, the NSW government is now expected to receive $1.7 billion less in stamp duty revenue. #ausproperty #houseofcards
https://www.abc.net.au/news/2023-02-07/nsw-half-yearly-budget-deficit-grows/101941164

Owners of unlivable #MascotTowers apartments push for government buyback scheme #property #nswvotes #ausproperty #nswpol

https://www.9news.com.au/national/mascot-towers-apartment-block-still-empty-four-years-after-structural-integrity-evacuation/99feb31e-8898-4706-a315-b7904cfab65a

For anyone who was angered by that ABC News article about property prices, interest rates and various attacks on millenials & entitlement...

The topic of the article appears to be someone who's been accused of $126m of wage theft.

https://twitter.com/pjwiss/status/1622429742602543104

#auspol #ausproperty #abcnews

Up to six more interest rate hikes could be on the horizon, research shows #ausecon #ausproperty #australia

https://www.9news.com.au/finance/interest-rate-could-hit-above-4-per-cent-canstar-analysis-mortgage-holder-borrowers-home-loans/47d17186-f5ce-4594-b4ad-2a414eb2d20a

#AusProperty related date: Fixed rate refinancing at all time high.

“Spurred by surging interest rates and expiring fixed-rate loans, refinancing rose 8.2 per cent to a record $19.5 billion to be 20 per cent higher in the year to November 30 as people shopped around for the best deal”

https://www.afr.com/policy/economy/record-home-loan-refinancing-as-new-mortgages-plummet-20230113-p5cced

https://www.afr.com/property/residential/home-values-drop-in-more-than-80pc-of-suburbs-20230118-p5cddr - not surprised that property prices are falling across the board given that property prices rose across the board during and immediately post Covid peak. #Ausproperty #realestate

#Australian rental vacancies grow, but are outweighed by empty homes #rentalcrisis #property #ausproperty #VacantHomeTax

https://www.news.com.au/finance/real-estate/renting/australian-rental-vacancies-grow-but-are-outweighed-by-empty-homes/news-story/c23e30803aee761fb84f980847d0fd1c

CoreLogic’s daily dwelling values index, which measures price changes across the five major capital city markets, will likely record its biggest ever house price fall by the end of February. Australian #housing market enters uncharted territory #ausproperty #ausecon

https://www.macrobusiness.com.au/2023/01/australian-housing-market-enters-uncharted-territory/

The bank has already overcooked it and it is only a matter of time before the house price crash sucks down the economy.
Ironically, this will restore the #RBA’s credibility with markets as it is forced to lead the global easing!
#ausproperty #ausecon

https://www.macrobusiness.com.au/2023/01/the-house-price-crash-will-restore-rba-credibility/

@zdl huge difference between selling “goods” and our homes. Report warns homes keep getting less affordable in Aus for locals, and #Australia has one of the highest rates of people spending more than 40% of their income on #housing. #ausproperty #property

A million homes sit empty, so where are they and can they help ease the #housingcrisis ? #landbanking #auspol #ausproperty

https://www.abc.net.au/news/2022-07-20/homeless-crisis-million-homes-vacant-in-australia/101234424

@therealpembo and devalue #property ? Cashed up politicians (why else are they in politics!) will #never allow that to happen ! This is only a sample. #ponzischeme #property #auspol #ausproperty