Low Supply A Big Factor: Westpac
Westpac CEO Peter King has highlighted a lack of housing supply as a major problem for the nation and a reason for climbing property prices. King says a strong [...]
Expat Buyers Pumping Up Markets
The return of cashed-up expats is adding to property sales across the nation, according to the Property Investment Professionals of Australia (PIPA). Hundreds of thousands of people have returned to [...]
Prices Rise 400% Over 25 Years
The median house price for the Australian capital cities has risen from $160,000 in 1996 to $825,000 today, despite muted growth in the past five years. At the same time, [...]
ANZ Tips 17% Rise In 2021
Australian house prices are forecast to rise 17% on average in the capital cities this year, according to ANZ Bank. Sydney and Perth housing prices are tipped to increase 19% [...]
No APRA Concerns On Market
The prudential regulator sees no need to place restrictions on borrowing to buy real estate and it has the support of one of the major banks. Westpac chief executive Peter [...]
More Buyers Seeking Home Office
The trend towards working remotely is impacting the design of homes. Research indicates that Aussies are more likely to buy a home that has a designated office area. According to [...]
Market Tipped To Power On
The property market is set to roll on despite some economic support measures coming to an end, defying worries about a looming fiscal cliff, according to top economists. The strength [...]
Banks Reduce Fixed Rates
NAB has become the latest big bank to decrease some of its fixed home loan rates. In recent months, Westpac and Commonwealth Bank have both cut at least one home [...]
APRA Not Worried About Loans
New data suggests changes to mortgage lending rules in the near future are unlikely, despite rapidly-rising home values. APRA data suggests that while the proportion of loans considered to be [...]
Sentiment Back Near 10yr High
The Westpac-Melbourne Institute Index of Consumer Sentiment increased 2.6% in March, with the Index now just 0.2 points below the December level which was a 10-year high. The main factors [...]