REAL ESTATE – AUSTRALIA – RESIDENTIAL

Rental growth slows to 20-year low

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Original article by Michael Bleby
The Australian Financial Review – Page: 4 : 11-Sep-15

CoreLogic RP Data has reported that growth in asking rents for residential properties across Australia fell by 0.4 per cent overall in August 2014, compared with a 0.3 per cent fall in July. Growth in asking rents eased to 0.7 per cent year-on-year. Sydney was the only capital city to record a rise in asking rents during August. Cameron Kusher of CoreLogic RP Data cites factors such as slowing population growth and continued strong construction activity.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED

Lower $A will intensify two-tier property market

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 7 : 4-Sep-15

The lower Australian dollar may lead to greater interest in Australian property from foreign buyers and, consequently, to higher prices. Valuer Herron Todd White says the importance of local demand is diminishing. Real estate developers concentrate their marketing efforts on overseas investors. This trend is clearly visible in unit developments in Sydney such as Zetland, Waterloo, Rosebery, Mascot, Botany, Hurstville and Wolli Creek.

CORPORATES
HERRON TODD WHITE AUSTRALIA PTY LTD, DEUTSCHE BANK AG

Investor rate rises prompt owner-occupiers to switch

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Original article by Clancy Yeates
The Australian Financial Review – Page: 3 : 3-Sep-15

A growing number of home loan customers are alerting banks they have changed their status from investor to owner-occupier. While they had no incentive to do so before, banks are now charging investors higher interest rates for the first time since the 1990s. The industry says the trend may involve thousands of customers, complicating the compilation of official statistics.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, YELLOW BRICK ROAD HOLDINGS LIMITED – ASX YBR, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD

Chinese investors wary on house buying

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 8 : 25-Aug-15

Chinese real estate investors are reacting to Treasurer Joe Hockey’s crackdown on illegal purchases. They are becoming more cautious as they seek information about investment rules for residential property, according to Asian property agent House 18’s Michael Zhu. Many agents are advising Chinese investors to contact a lawyer before proceeding.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN TAXATION OFFICE, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FINANCIAL INDUSTRY REGULATORY AUTHORITY INCORPORATED, CBRE GROUP INCORPORATED, BLACK DIAMONDZ PROPERTY CONCIERGE, HOUSE 18

Hockey did foreign buyers a favour

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Original article by Michael Bleby
The Australian Financial Review – Page: 45 : 13-Aug-15

Real estate agents have this advice for foreign property owners ordered to sell up because they have breached foreign investment rules – do so sooner rather than later. The agents believe the Sydney market in particular has topped out. Of the six properties to be sold under orders from Treasurer Joe Hockey, one is in Sydney’s Fairfield, where prices have surged 33 per cent in 12 months. A crash is not predicted, but agents are starting to see fewer bidders at auctions.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, CENTURY 21, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, McGRATH ESTATE AGENTS, BELLE PROPERTY PTY LTD, RAY WHITE GROUP, LAURIE KELLY REAL ESTATE

Mixed results in Sydney auctions but no signs of housing slowdown

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 6 : 10-Aug-15

Sydney’s residential property market is not as hot as it was several weeks ago. Domain’s senior economist, Andrew Wilson, says auction clearance rates have been falling over the past three weeks while listings are twice as high as they were a year ago. CoreLogic RP Data reported a clearance rate of 77.8 per cent for 8-9 August 2015, compared with 78.8 per cent for 1-2 August.

CORPORATES
McGRATH REAL ESTATE PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, DOMAIN.COM.AU

Landlord nation: 18,000 own six or more rental properties

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Original article by Su-Lin Tan, Fleur Anderson
The Australian Financial Review – Page: 4 : 7-Aug-15

New figures show that some 16 per cent of Australian taxpayers owned a residential investment property in 2012-13. More than 110,000 taxpayers owned more than three rental properties, while about 18,000 had a portfolio of at least six. Shane Garrett of the Housing Industry Association says factors such as rising house prices and population growth means a lot more people probably now own at least one investment property.

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED

New house sales may have peaked

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Original article by Michael Bleby
The Australian Financial Review – Page: 8 : 4-Aug-15

Sales of new detached homes across Australia topped 73,507 in 2014-15, compared with 72,706 in the previous financial year. Harley Dale of the Housing Industry Association says that while demand for detached homes will remain strong in 2015-16, sales are likely to be lower due to a dearth of land being released for development.

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, RESERVE BANK OF AUSTRALIA

Buyers scoop up all 191 units in western Sydney project

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 5 : 3-Aug-15

Sydney’s residential property market boast an clearance rate of 78.8 per cent for the week ended 2 August 2015, according to CoreLogic RP Data. The clearance rate in Melbourne was 76.8 per cent, while the national clearance rate was 75.7 per cent. Meanwhile, First Point Projects and St Hilliers First Point sold every apartment on offer in the Thornton Central residential project in the Sydney suburb of Penrith on 1 August.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, FIRST POINT PROJECTS PTY LTD, ST HILLIERS PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, HOUSING INDUSTRY ASSOCIATION LIMITED, McGRATH REAL ESTATE PTY LTD

Median house price in Sydney tops $1m

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 23-Jul-15

New data from Domain Group shows that the median house price in Sydney rose by 22.9 per cent in 2014-15, to a record high of slightly more than $A1m. The harbour city’s median house price was just $A814,285 in 2013-14. Meanwhile, Sydney’s median apartment price rose by 13.9 per cent to $A656,078. Housing remains more affordable in Melbourne, with the median price of houses rising by 10.3 per cent to $A668,030 and apartment prices rising by 4.5 per cent to $A443,549.

CORPORATES
DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ