Property Market Essentials - December 2017

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Property Market Essentials - December 2017

As we close out the year, it’s been a mixed bag for capital cities across Australia. Despite the ups for the east coast and the downs for the west coast, a recent survey from ME Bank found that Australians are increasingly keen to see property prices fall, with 25 per cent saying they’d be “happy” to see prices decline. More than a third wanted lower prices – and a quarter of these owned real estate themselves. No doubt most of these respondents lived in Sydney. 

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Property Market Essentials - November 2017

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Property Market Essentials - November 2017

The slowing of Australia’s hottest housing markets has been welcomed by Treasury secretary John Fraser, who said it was a sign the regulator’s crackdown on risky lending has been effective.

At the same time, the QBE Australian Housing Outlook 2017-20 report has predicted price falls for apartment prices in all capital cities, except Adelaide, Canberra and Hobart over the next three years.

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How Gen Y Can Enter the Property Market with Less Risk

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How Gen Y Can Enter the Property Market with Less Risk

The current housing price boom is leaving behind a generation of aspiring first home buyers, most of whom fall under that ubiquitous tag "Gen Y" (as if that whole generation is in identical circumstances anyway!). They may not realise it but this generation of aspiring investors is on the threshold of redefining the Australian relationship with real property.

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Two pictures of rental housing stress and vulnerability zero in on areas of need→

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Two pictures of rental housing stress and vulnerability zero in on areas of need

Separate research by National Shelter, and the City Futures Research Centre demonstrate the magnitude of the housing affordability problem for low income households. The authors conclude that housing affordability problems are multidimensional and extend beyond the capital cities. They argue that we need to bolster the economic and social capital of the regions so that they offer greater opportunity to the vulnerable households who have gravitated there.

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LJ Hooker boss outlines affordability solution

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LJ Hooker boss outlines affordability solution

The appointment of Gladys Berejiklian as NSW Premier and her suggestion to review all options to address housing affordability should provide some optimism for a generation of young Australians who have a very real fear that owning their own home is fast (if not already) slipping beyond their reach.

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