30 per cent drop forecast for Sydney and Melbourne, but Hobart outlook is strong: SQM Research
Sydney and Melbourne house prices could fall by as much as 30 per cent, while Hobart house prices could rise by 5 per cent, according to SQM Research Louis Christopher's Boom and Bust Report.
"No bright spot" in latest housing finance figures
President of the Real Estate Institute of Australia (REIA) Malcolm Gunning says there is "no bright spot" in the latest housing finance figures, released by the Australian Bureau of Statistics (ABS).
Latest CPI figures spells "good news for home buyers and renters" says industry body
The Real Estate Institute of Australia (REIA) says the latest CPI figures brings good news for renters and home buyers, as interest rates remain stable.
A trend of improving affordability is taking root in the major capital cities - due largely to falling housing prices,” commented Geordan Murray, HIA Acting Principal Economist.
“Changes to visas for skilled workers have delivered an immediate hit to Australia’s population growth,” said Geordan Murray, Housing Industry Association Principal Economist.
Investor regulatory interventions weigh on apartment construction
“Investors have been the target of a number of regulatory interventions and we are now seeing this impact on residential building activity,” says HIA Senior Economist, Geordan Murray.
