News

Sydney's Danger Zones and Supply Issues

This week Citibank listed 87 blackspots across the country where they "may" require buyers to contribute up to 35% as an initial deposit. 34 of the blackspots are in Sydney, and clustered around like the CBD, Inner South, Inner West, Chatswood, Kellyville and Parramatta. Their rationale is that these areas are already high density with a ... Read more »

Round & Round We Go

Herron Todd White updated their 'Property Clock' today, and it shows the following...

  • Melbourne is at 12:00 which is the peak of the market.
  • Sydney has passed the peak and is now in decline, sitting at 2:00.
  • Brisbane, Canberra and Perth are further along the decline at 3:00.

Click here to see the full story.

Clearly the boom is ... Read more »

Good News, Bad News & Just News

Every week brings good news, bad news and just news, and this week is no different...

  • Good News: The Australian economy added 62,000 extra full time jobs in June, which is a great indicator of the solid health of our economy.
  • Bad News: Mortgage rates face upward pressure after APRA this week told banks to hold more capital. This is bad news if you're in ... Read more »

State Of Our Property Finance Market

The ABS released some interesting data this week on the state of our property finance market for May 2017...

  • The number of first home buyer commitments increased by 28.9% for the month and is the highest since October 2014.
  • The number of owner-occupied finance commitments increased by 0.1% and is the ninth consecutive month of increases.
  • Approvals for ... Read more »

22% Reduction In Chinese Investment In FY2017

Data released by SQM Research today revealed a 12.3% increase in Sydney residential property listings over the past year. The higher stock levels are no doubt contributing to downward pressure on prices as Sydney’s annualised growth rate slowed to 12.2% from 18.9% three months ago. Some vendors took advantage of strong price gains and banked their ... Read more »