Housing Market Shows ‘Fragility’
House prices bounced 1.1 per cent in January, boosted by small gains in Sydney and Melbourne, but the longer-term trend shows a weakening in growth across the capitals, the latest CoreLogic data shows.
House prices bounced 1.1 per cent in January, boosted by small gains in Sydney and Melbourne, but the longer-term trend shows a weakening in growth across the capitals, the latest CoreLogic data shows.
Housing market With many suburbs already hitting record highs, investors need to conduct thorough research to avoid paying above market value.
When you write about bricks and mortar, it inevitably attracts a lot of hyperbolic attention: you tend to be typecast as a preternatural ‘‘bull’’ or ‘‘bear’’. To be clear, I am neither: my task is to try to accurately anticipate what will unfold.
Safety margin Understand how much of your income should be going towards your home loan without pushing you over the edge, writes Duncan Hughes.
The International Monetary Fund has called on Australia to address the rising financial stability risks posed by surging house prices, which are expected to increase by up to 20 per cent this year.
The Reserve Bank of Australia has warned it may be necessary to clamp down on household debt to income levels as growing debt driven by booming property prices could increase the risk of financial instability.
The pressure to cool the booming housing market has intensified as the growth in lending to buy a home almost doubled over the past year, and investor loans accelerated by more than 30 per cent in the past three months.
Economic forecast A key government report warns that the biggest drivers of residential real estate growth could be starting to weaken, writes Duncan Hughes.