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Growth in house prices predicted for 2022/2023

A significant downturn in population growth will see any significant recovery in house prices delayed until the 2022/2023 financial year, according to m3property.

The Economy

The Homebuilder scheme and the 'vacuum effect'

Eliza Owen of CoreLogic outlines the implications of the vacuum effect on the HomeBuilder scheme.

The Economy

REI survey identifies areas to restart economy

Real Estate Institute members have put forward assistance measures for Treasury to kickstart the economy.

New South Wales (NSW)

People

The Agency heads west in NSW

The Agency expands into NSW’s stunning Central West, with Justine Campbell and Monica Henley at the helm, taking in Dubbo, Orange, Bathurst and Mudgee.

Queensland (Qld)Brisbane

The Economy

New homes the new flavour: Market Wrap

Buyers are snapping up Brisbane new homes even before they go onto the market, said Place agent Shane Hicks.

National

The Economy

John McGrath – Property Trends Beyond COVID

John McGrath, founder and executive director of McGrath Estate Agents lists the trends that he sees will be prevalent in real estate post-COVID-19.

Victoria (Vic.)Melbourne

Get to know Nicole Gleeson Partner at Kay & Burton

"People need to connect to a property with an emotive direction."

New South Wales (NSW)Sydney

Three sales over $7m in four weeks to Australians and lots of enquiry from expats

'The Strand' in Manly and Wahroonga's 'Redleaf' and ‘Maltoende’ estates were sold by Darren Curtis of Ken Jacobs Christie’s International, who is seeing a "very encouraging" level of enquiry.

Queensland (Qld)Brisbane

Featured Property

Garnett On James: cutting edge family living sold by Ray White New Farm

Boasting international influences and inner city design, the open-plan designer home was sold by Matt Lancashire and Patrick Goldsworthy of Ray White New Farm.

Victoria (Vic.)Melbourne

Featured Property

Working Macedon Ranges farm with historic homestead sold by Jellis Craig

The Breen’s charming blend of heritage and contemporary saw strong interest amid COVID-19 restrictions. Sold by Tom May and Paul Keane of Jellis Craig.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/units-resold-at-a-loss-in-brisbane-melbourne/news-story/58d6b63ad1743f8576bec7e277b2d3bc

Units resold at a loss in Brisbane, Melbourne

Losses on new apartments are starting to mount with 60% of units bought off the plan in inner Melbourne since 2011 breaking even or reselling at a loss.

The Australian

http://www.afr.com/real-estate/residential/the-10-worst-suburbs-in-australia-for-mortgage-delinquencies-revealed-20170322-gv4fj9

The 10 worst suburbs in Australia for mortgage delinquencies

Western Australia is driving a nationwide rise in Aussies falling behind on home loan repayments.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/micro-apartments-could-be-the-answer-for-innercity-crowd/news-story/a347d1dcce29510f51a9b70c810160fb

Micro apartments could be the answer for inner-city crowd

If you could get an apartment in Bondi for $300,000, would you buy it?

The Australian

http://www.architectureanddesign.com.au/news/ken-maher-s-full-speech-to-parliament-house-on-hou?utm_source=Newsletter%20Lists&utm_campaign=9202c4c547-Architecture%2520and%2520Design%2520Newsletter%2520-%2520201&utm_medium=email&utm_term=0_3aac924711-9202c4c547-100081773

Ken Maher's speech to parliament on housing affordability

Ken Maher delivered a speech on behalf of The Australian Institute of Architects, which hosted an event at Parliament House in Canberra on 22 March that addressed housing affordability.

Architecture and Design

http://www.afr.com/real-estate/commercial/hotels-and-leisure/sydney-fivestar-hotel-occupancy-rates-hit-95-per-cent-20170323-gv4tk1

Sydney five-star hotel occupancy rates hit 95

Sydney's luxury hotels were almost fully booked in the first two months of the year as Australia's gateway city benefited from a surge in corporate visitors and holidaymakers.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/financial-services/realm-investment-house-says-rising-house-prices-are-spurring-risky-borrowing-20170321-gv35rg

Rising house prices are spurring risky borrowing

Realm Investment House, which developed an index to measure household risks in the economy, says overzealous borrowing spurred by inflated property prices is posing the biggest threat to the financial system.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/mortgage-stress-inches-higher-in-the-december-quarter-as-wa-hurts/news-story/938e1d389250d21c2cb606a44a5c5c4f

Mortgage stress inches higher in December quarter as WA hurts

Arrears rates are rising in WA, but Victoria and NSW are keeping the national rate low despite ever-rising house prices in Sydney and Melbourne.

The Australian

http://thenewdaily.com.au/money/property/2017/03/21/immigration-house-prices/?utm_source=Responsys&utm_medium=email&utm_campaign=20170322_TND

A population crush is pushing up Australian house prices

Reducing immigration is one of the few policy levers left to pull in a national debate on housing affordability.

The New Daily