L67 Property Operators and Real Estate Services

Tax changes will hurt the poorest, developer says

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Original article by Michael Bleby, David Marin-Guzman
The Australian Financial Review – Page: 29 : 19-Aug-26

Data from Cotality shows that the median weekly asking rent for dwellings in Sydney rose by 0.7 per cent in the three months to July, while Melbourne recorded growth of 1.2 per cent. Darwin recorded the biggest growth in asking rents, at 4.4 per cent. Meanwhile, listed residential developer Aspen Group notes that the poorest 40 per cent of Australian households can only afford 10 per cent of advertised rental properties at present; the company has warned that this will worsen due to the federal government’s capital gains tax and negative gearing reforms, which will result in wealthier tenants seeking out more affordable rental housing.

CORPORATES
COTALITY, ASPEN GROUP – ASX APZ

Biggest house price fallers since the budget

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Original article by Lucy Slade
The Australian Financial Review – Page: 24 & 26 : 15-Jul-26

Analysis by data provider Cotality shows that house prices in some of the most premium suburbs of Sydney and Melbourne have recorded the biggest falls since the federal government’s budget in May. House prices in Bellevue, which is Sydney’s most expensive suburb, fell by two per cent during May and June; other prestigious suburbs that have record sharp falls in home values include Balmain East, Double Bay and North Bondi. House prices in affluent inner-city and bayside suburbs of Melbourne have also fallen; they include Albert Park, Collingwood, Elwood and Port Melbourne.

CORPORATES
COTALITY

Price tumbles spread to all capital cities

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Original article by Thomas Henry, Noah Yim
The Australian – Page: 1 & 4 : 7-Jul-26

HSBC Australia’s chief economist Paul Bloxham says the bank’s central forecast is for house prices to fall by up to eight per cent nationally by the end of 2027, including 2-6 per cent next year. He adds that the pace of decline in June suggests that there is downside risk to HSBC’s central forecast, with Cotality’s home value index falling by 0.4 per cent nationally in June. Bloxham warns that official interest rate cuts are likely to be needed to deliver a housing market turnaround, but this is unlikely to occur in the next year. Meanwhile, Westpac’s senior economist Pat Bustamante says the major bank expects a further two interest rate rises in the current monetary policy cycle.

CORPORATES
HSBC AUSTRALIA HOLDINGS PTY LTD, COTALITY, WESTPAC BANKING CORPORATION – ASX WBC

First-home negative equity alarm

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Original article by Noah Yim, Mackenzie Scott
The Australian – Page: 1 & 4 : 1-Jul-26

Property industry data shows that dwelling prices have fallen in nine of the 10 postcodes nationwide that have had the highest uptake of the federal government’s five per cent deposit scheme. The vast majority of these postcodes are in Melbourne, which has recorded the biggest fall in dwelling prices. Tim Lawless from Cotality says that some buyers who used the First Home Buyer Guarantee scheme are likely to experience a short-term period of negative equity; he adds that most of them will not be unduly impacted unless they need to sell their home for some reason.

CORPORATES
COTALITY

More people will retire with housing debt

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Original article by Lucy Slade
The Australian Financial Review – Page: 25 & 26 : 14-Apr-26

Research by Loan Market Group has found that 40 per cent of respondents do not expect to have paid off their mortgage by the time they retire. Meanwhile, data from credit bureau Equifax shows that the number of enquiries from Australians aged 55+ about refinancing their mortgage rose by 12 per cent year-on-year in February, while there was eight per cent growth in enquiries from the 46-55 age group. Westpac in turn notes that people over the age of 40 accounted for about 20 per cent of mortgage loans issued to first-home buyers in 2025. Howard Osmond Financial Services MD Patricia Howard stresses that buying a home is essential to having a financially secure retirement.

CORPORATES
LOAN MARKET GROUP PTY LTD, EQUIFAX INCORPORATED, WESTPAC BANKING CORPORATION – ASX WBC, HOWARD OSMOND FINANCIAL SERVICES

Sydney and Melbourne home prices fall

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Original article by Lucy Slade
The Australian Financial Review – Page: 23 : 1-Apr-26

Data from Cotality shows that dwelling prices rose by 2.1 per cent nationallly during the first three months of 2026. The prices of homes in Sydney and Melbourne fell by 0.2 per cent and 0.6 per cent respectively in the March quarter; in contrast, Perth recorded price growth of 7.3 per cent, ahead of Brisbane with 5.1 per cent growth. ANZ Bank economist Madeline Dunk notes that there has been no growth in dwelling prices in Sydney and Melbourne since November; the prospect of further interest rate rises could put further downward pressure on both housing markets.

CORPORATES
COTALITY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Capital gains tax reform needed to address inequality

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Original article by Michael Bleby
The Australian Financial Review – Page: 25 : 27-Aug-25

The National Housing Supply & Affordability Council’s chair Susan Lloyd-Hurwitz was one of the participants in the federal government’s economic reform roundtable. She contends that a "very large conversation" is needed with regard to intergenerational inequity and intra-generational inequality; Lloyd-Hurwitz adds that any such discussion must include changes to the capital gains tax regime for investment properties, in order to address the issue of housing inequality. Lloyd-Hurwitz is the former CEO of listed property developer Mirvac Group.

CORPORATES
AUSTRALIA. NATIONAL HOUSING SUPPLY AND AFFORDABILITY COUNCIL, MIRVAC GROUP – ASX MGR

Rate hold may take wind out of home sales

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Original article by Lucy Slade
The Australian Financial Review – Page: 25 : 9-Jul-25

AMP’s chief economist Shane Oliver says the Reserve Bank’s decision to leave the cash rate unchanged on Tuesday is likely to "dampen down" enthusiasm among prospective home buyers. He adds that while the decision will not led to a dramatic shift in sentiment, buyers are likely to be a bit more cautious. Oliver had thought there was an 80 per cent chance of a rate cut in July, but he expects the next cut to occur in August. Eliza Owen from Cotality believes that a rate cut next month is almost certain.

CORPORATES
AMP LIMITED – ASX AMP, RESERVE BANK OF AUSTRALIA, COTALITY

Gurner warns tenants of 15-year rental crisis

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Original article by Sarah Petty
The Australian Financial Review – Page: 9 : 14-May-25

Data from Cotalitys shows that housing market rents have increased by 39.9 per cent since March 2019. Rent payments now account for about one-third of many tenants’ income. Apartment developer Tim Gurner has warned that the nation’s rental crisis is likely to last for up to 15 years, due to the lack of sufficient new housing supply. He notes that vacancy rates are about one per cent in every state, while construction supply is at a 10-year low and population growth is at record levels. Gurner adds that high construction costs are the biggest problem for property developers.

CORPORATES
COTALITY

Poll result opens door for housing market

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Original article by Nila Sweeney
The Australian Financial Review – Page: 28 : 7-May-25

Real estate agents note that there has been an increase in the number of homes listed for sale in the last week. BresicWhitney CEO Thomas McGlynn expects this momentum to continue in the next week or so, after Labor secured majority government at the federal election on Saturday. Melbourne-based buyers’ agent Cate Bakos in turn says enquiries from prospective home buyers have also increased in the wake of the election, while Eliza Owen from Cotality says first-home buyers will return to the market when election policies that target them start to be implemented.

CORPORATES
BRESIC WHITNEY ESTATE AGENTS PTY LTD, COTALITY