REAL ESTATE – AUSTRALIA – RESIDENTIAL

Buyers brave winter chill as property market warms

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 8 : 12-Aug-19

Figures from CoreLogic indicate Sydney recorded a preliminary auction clearance rate of 81.2 per cent for the weekend of 10-11 August, while Melbourne recorded a preliminary auction clearance rate of 73.2 per cent. Nationally, the preliminary auction clearance rate came in at 70.4 per cent. Louis Christopher from SQM says the preliminary results suggest the residential real estate market is on the improve, while he expects listings to rise in the upcoming spring "selling season".

CORPORATES
CORELOGIC AUSTRALIA PTY LTD

High-rise units are ‘real estate’s equivalent of the bubonic plague’, says researcher

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Original article by Euan Black
The New Daily – Page: Online : 8-Aug-19

A report from Propertyology notes that growth in Australia’s median house price exceeded that of apartments by 20 per cent over the five years to April, and the firm expects this trend to continue for some time. Propertyology director Simon Pressley says factors such as an apartment glut and concerns about building defects means that people who have bought apartments in medium-to-high-density towers over the last two decades should sell them as soon as possible. He warns that some of these buildings are of such poor quality that demolition may be the only option to restore public confidence in high-rise towers.

CORPORATES
PROPERTYOLOGY, SQM RESEARCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD

Underrated suburbs set for million-dollar club

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Original article by Nila Sweeney
The Australian Financial Review – Page: 30 : 8-Aug-19

Data from Select Residential Property suggests that the median house price in 12 suburbs across Australia will rise above $1m over the next two years. They include Coal Point, Terrigal and Mount Pleasant in New South Wales and St Helena and Eltham North in Victoria. The price growth forecasts are based on a range of metrics, including auction clearance rates, vacancy rates, and the number of properties on the market.

CORPORATES
SELECT RESIDENTIAL PROPERTY, CORELOGIC AUSTRALIA PTY LTD

Jobs on the line as home builds slide

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Original article by Michael Roddan
The Australian – Page: 4 : 31-Jul-19

Data from the Australian Bureau of Statistics shows that new housing approvals fell by 1.2 per cent during June and 26 per cent year-on-year. Apartment approvals were 40 per cent lower in June than at the same time in 2018. Matthew Hassan of Westpac expects further weakness in dwelling approvals over the remainder of 2019 and during the first half of 2020. George Tharenou of UBS warns that the downturn in housing approvals could put about 100,000 construction industry jobs at risk.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, WESTPAC BANKING CORPORATION – ASX WBC, UBS HOLDINGS PTY LTD

House-price optimism yet to reach investors

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Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 31 : 23-Jul-19

Australian investors are feeling less optimistic about the property market than they were three months ago, according to ME Bank’s latest property sentiment survey. However, overall sentiment regarding the market is more positive than it was in April. Although the downturn in the property market appears to have come to an end, fewer people between the age of 18 and 39 are feeling positive about the state of the property market than they were in April.

CORPORATES
ME BANK

Prices will start to rise again this year: ANZ

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Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 29 : 17-Jul-19

The ANZ Bank’s quarterly housing report is upbeat about the outlook for the residential property market. The bank expects the housing market downturn to reach bottom in the next few months, with a modest rebound toward the end of the year. ANZ forecasts house price growth of 3-4 per cent in Sydney during 2020, with prices in Melbourne to increase by four per cent. The bank had not expected any house price growth in 2019 as recently as May.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BIS OXFORD ECONOMICS PTY LTD

Capitals hit bottom of property cycle

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Original article by Duncan Hughes
The Australian Financial Review – Page: 3 : 1-Jul-19

Valuation company Herron Todd White contends that Melbourne, Perth, Darwin and Brisbane are at the bottom of the residential property cycle, and that Sydney is not far off getting there. On the other hand, Canberra, where there is a shortage of property, is at market peak. HTW’s assessment comes as a majority of economists predict that the Reserve Bank will cut cash rates for the second month in a row, even though rates are already at a record low.

CORPORATES
HERRON TODD WHITE AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA

Sydney house prices forecast to grow 7pc

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Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 3 : 27-Jun-19

Domain Group is upbeat about the outlook for Australia’s residential property market, forecasting that prices will rebound by the end of 2019. Domain economist Trent Wiltshire says the Coalition’s federal election win, official interest rate cuts and the prospect of changes to mortgage serviceability tests bode well for housing prices. Domain forecasts that house prices in Sydney will rise two per cent in the second half of 2019 and up to five per cent in 2020, while prices in Melbourne will rise by one per cent by year’s end and 1-3 per cent in 2020.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, MOODY’S ANALYTICS AUSTRALIA PTY LTD, CORELOGIC AUSTRALIA PTY LTD

Affordability still an issue for most home owners

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Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 34 : 11-Jun-19

A survey by ME Bank shows that 88 per cent of Australians regard housing affordability as a major concern. The survey also found that 94 per cent of first-home buyers are concerned about housing affordability, compared with 87 per cent of owner-occupiers and 83 per cent of property investors. The survey was undertaken in late April, prior to the re-election of the Coalition and the recent reduction in official interest rates.

CORPORATES
ME BANK, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Confidence returning as housing hits the bottom

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Original article by Ben Wilmot, Mackenzie Scott
The Australian – Page: 17 & 21 : 5-Jun-19

Shane Oliver of AMP Capital says the downturn in the residential property market is likely to reach its bottom earlier than expected, citing factors such as the Reserve Bank’s interest rate cut and the outcome of the recent federal election. Tim Lawless of CoreLogic also anticipates an upturn in the housing market, although he adds that economic uncertainty means a rebound in house prices is unlikely in the near-term.

CORPORATES
AMP CAPITAL INVESTORS LIMITED, RESERVE BANK OF AUSTRALIA, CORELOGIC AUSTRALIA PTY LTD, McGRATH LIMITED – ASX MEA, MORGAN STANLEY AUSTRALIA LIMITED, CBRE PTY LTD, PLACE ESTATE AGENTS