The collapse of commodity prices has sent rental vacancies in Perth to levels “almost approaching record numbers” according to the president of the Real Estate Institute of Western Australia (REISWA). REIWA president told the ABC, “It will not be surprising to see the vacancy rate hit 5 per cent shortly, …
The International Monetary Fund has warned Australia’s big banks don’t appear to be well capitalised and increasing capital should be a priority. The warning comes in the concluding statement following the article IV mission to Australia this month. (‘International Monetary Fund team to examine housing bubble – May 2, 2015‘) …
‘Crazy’ value agnostic investors continue to leverage up in an environment of poor rental growth, according to investor mortgage finance commitments released by the Australian Bureau of Statistics on Friday. In the year to April, NSW property investors have borrowed $64.2 billion to spurge on the residential property market, another …
An open letter from Mel Wilson, Human Resources professional and mother of two from Wodonga, Victoria to Treasurer Joe Hockey. Please share Mel Wilson’s facebook post here. Dear Joe, I just wanted to touch base with you regarding your comment that young people are able to enter the property market …
A day after out of touch Treasurer, Joe Hockey told first home buyers they needed a “good job” that pays “good money” to break into the Sydney property bubble, Reserve Bank Governor Glenn Stevens has weighed into the debate, saying the Sydney property market is crazy, “Yes I am very …
According to Channel 10 Adelaide, The Reserve Bank of Australia has “denied” the Adelaide property market a much needed boost by leaving rates unchanged. You could be mistaken for thinking it was 1989 and the official cash rate was 17 per cent. But, no, the report aired yesterday after the …
Treasury secretary John Fraser told a senate hearing today he has no doubt there is a property bubble in Sydney. “When you look at the housing price bubble evidence, it’s unequivocally the case in Sydney. Unequivocally,” he told the hearing. He warns bubbles have also formed in many parts of …
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