Chinese investors will re-enter the Australian real estate market in the second half of this year according to Asian proptech company Juwai. Australian real estate attracts more than six times the Chinese GDP-adjusted investment than that of the United States, but it has dropped significantly due to travel bans during the Covid-19 pandemic. Chinese investment enquiries in …
Self-managed super fund members are diving into property at a rate much faster than the total asset growth within both SMSFs and the wider pooled-fund sector, according to new ATO figures. Between December 2017 and December 2020 total SMSF balances rose 11 per cent to $764.34 billion and the total in pooled super funds was up …
SMSFs’ rush into property is adding more fuel to skyrocketing house prices Read More »
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Sydney’s newest suburb, Bradfield, has been declared by the NSW Premier. Bradfield is located at the northern end of Bringelly – and alongside Sydney’s new international airport. The suburb will become Sydney’s third city centre – along with Sydney and Parramatta. Premier’s Statement: “The NSW Government plans to call Sydney’s new ‘hi-tech’ city at Bringelly …
Sydney’s newest suburb, Bradfield, has been declared by the NSW Premier Read More »
With Australia’s property market going gangbusters, it is tempting to assume we are also increasing household debt as new borrowers gorge on cheap credit. However, the numbers don’t support that idea – well, at least not yet. It is true that new mortgage issuance was running at a record high in January, mainly …
Can we have a property boom and lower debt levels? Read More »
Sometimes just one figure is enough to explain what seems to be inexplicable – the continuing rise of Australian property prices despite a recession, a pandemic and worsening unemployment. That figure – which was produced by AMP Capital – is that the share of household income being used to pay interest on debt has fallen …
Why are Australian property prices still rising? Read More »
<RBA frozen for fourth month in succession> by Mike Wood | Mar 02, 2021 Shared by Champion Mortgage Solutions The Reserve Bank of Australia has continued the trend of record low interest rates by announcing that the cash rate will be held at 0.1%. March 2021 is the fourth month in a row where the …
Australia’s housing boom has no end in sight as record-low rates and improved economic conditions entice buyers back into the market. Less than 12 months after the federal government put the national economy into temporary lockdown, property prices across the country are soaring as supply fails to meet demand. Values rose at the fastest pace …
No end in sight for Australia’s ‘broad-based’ housing boom Read More »
The largest one-month jump in house values in 17 years and a surge in new home loans has prompted warnings the property market is at risk of overheating and could force the Reserve Bank to reassess record-low interest rates. Some economists believe the RBA, which meets on Tuesday, may have to start lifting rates as …
Surging property prices could force RBA to reassess ultra-low rates, economists warn Read More »
Australia’s AAA credit rating has today been reaffirmed by Fitch, with Australia one of only nine countries to hold a AAA credit rating from all three major credit rating agencies. In its report, Fitch notes that our economy “has weathered the pandemic well compared with peers”, pointing to Australia’s “successful virus containment” and an “effective …
