REAL ESTATE – AUSTRALIA – RESIDENTIAL

Sydney exceeds Melbourne in auction sales for first time

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 10-Nov-14

The respective residential real estate auction clearance rates for the Sydney and Melbourne markets over the 10 months to early November 2014 are 74.9% and 68.8%. The system of selling by auction is becoming more common in Sydney, meaning that the city has had more such transactions than Melbourne, at 24,590 against 24,335. Meanwhile the average price of Sydney properties has grown 11.9% during the calendar year so far

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, SQM RESEARCH PTY LTD, BELLE PROPERTY PTY LTD, TOGA DEVELOPMENTS PTY LTD, AUSTRALIAN FINANCE GROUP PTY LTD, BELLER RESIDENTIAL, MORRELL AND KOREN PTY LTD

Capital-city rents hit a wall as apartment stock floods in

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Original article by Kylar Loussikian
The Australian – Page: 8 : 7-Nov-14

RP Data has issued its latest figures on residential rents in Australian state and territory capital cities, showing an increase of 1.8% for the 12 months to November 2014. The average per annum over the past half-decade by comparison is 3.8%, and the current CPI rate 2.5%. One factor is the ample supply of apartments, as new projects are completed. Perth has suffered a decline of 3.1%. Meanwhile rental yields have fallen to 3.3% in Melbourne and 3.7% in Sydney

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD

Sydney leads home listing surge

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Original article by Robert Harley, Michael Bleby
The Australian Financial Review – Page: 41 : 5-Nov-14

Data from SQM Research shows that there was a 7.3 per cent increase in house and apartment listings across Australia during October 2014. This includes a 21 per cent rise in Sydney, where residential property values increased by 1.3 per cent during the month. Listings in Melbourne rose by just 2.6 per cent in October, and by 1.8 per cent year-on-year

CORPORATES
SQM RESEARCH PTY LTD, RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD

Melbourne tops fastest list

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 6 : 4-Nov-14

New figures show that there was a one per cent rise in Australian house prices in October 2014. House prices in Melbourne recorded the strongest growth at nearly two per cent, ahead of 1.3 per cent for Sydney and 0.6 per cent in Brisbane. However, there was a 2.3 per cent decline in house prices in Hobart and an 0.1 per cent fall in Perth. Nationally, house prices have risen by 8.9 per cent in the last year

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSSIE HOME LOANS LIMITED

Negative gearing main factor in high house prices: Saul Eslake

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 34 : 29-Oct-14

Bank of America Merrill Lynch economist Saul Eslake has downplayed the role of foreign investment in the rising cost of residential properties in Australia. He argues that negative gearing has been a major contributor to the housing boom. Other factors cited by Eslake include the chronic housing shortage and the preference for Australians to live in more expensive inner-city suburbs

CORPORATES
BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD

RBA must ‘bite the bullet’ on housing and lift rates

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Original article by Christopher Joye
The Australian Financial Review – Page: 8 : 8-Oct-14

The Reserve Bank of Australia (RBA) has finally adopted the advice of "The Australian Financial Review", and started to consider macroprudential measures to rein in rampant residential real estate prices growth. Some banking leaders also want the central bank to lift the official cash interest rate from its all-time low, to signal to property buyers that the current environment cannot last. Investors appear oblivious to the fact that the increase in asset values of 7%-plus per annum must come to an end, and a dangerous "bubble" may be forming

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, RESERVE BANK OF AUSTRALIA, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS

Asian developers say ‘what’s the drama’

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 1 & 50 : 2-Oct-14

Chinese property developers have rejected claims that Asian investors are dominating the Australian residential property market. Country Garden Australia CEO Johnson Zhang said that local developers are competing for residential development sites, so claims that foreign investors are inflating prices are false. He said that the second-hand market offers enough housing for local buyers

CORPORATES
COUNTRY GARDEN HOLDINGS COMPANY LIMITED, SHANGHAI GREENLAND GROUP COMPANY LIMITED, MERITON APARTMENTS PTY LTD, GUANGZHOU R AND F PROPERTIES COMPANY LIMITED, FRAGRANCE GROUP LIMITED, ASPIAL CORPORATION LIMITED, UEM SUNRISE BERHAD, CROWN RESORTS LIMITED – ASX CWN

RBA asked to explain backflip on lending risks

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Original article by Christopher Joye
The Australian Financial Review – Page: 6 : 29-Sep-14

The Reserve Bank of Australia (RBA) in mid-2013 reduced the official cash interest rate to a record low, and said the residential real estate market was not experiencing a "bubble". However a year on the central bank has revised its stance, and now warns of a dangerous prices surge. It may even resort to using macroeconomic tools, which has sparked concern among federal Senate economics committee members Matthew Canavan and Sam Dastyari of the National Party and Australian Labor Party respectively. RBA deputy governor Philip Lowe has been asked to address the committee on the issue

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIAN BUREAU OF STATISTICS

Don’t ‘scare’ housing: Triguboff

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Original article by Turi Condon
The Australian – Page: 22 : 26-Sep-14

Apartment developer Harry Triguboff has warned against restrictions on residential property lending. The Reserve Bank of Australia has indicated that it may impose restrictions on bank lending for housing. Triguboff said that prices had risen in Melbourne and Sydney, but there was little growth in prices in the rest of the country. He said that restrictions could have unintended consequences and damage confidence in the housing market

CORPORATES
RESERVE BANK OF AUSTRALIA, MERITON APARTMENTS PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED, RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD

Apartment boom crowns Triguboff

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Original article by Michael Bleby
The Australian Financial Review – Page: 42 : 25-Sep-14

Meriton Group displaced BGC as Australia’s largest residential builder in 2013-14. according to the Housing Institute of Australia-Colorbond Housing 100 report. Meriton boasted 7,929 housing starts for the financial year, compared with 5,004 for BCG. The nation’s 100 largest home builders collectively boasted 66,764 housing starts in 2013-14, with apartments accounting for 24 per cent of dwelling commencements

CORPORATES
MERITON APARTMENTS PTY LTD, BGC (AUSTRALIA) PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED, ALCOCK/BROWN-NEAVES GROUP, METRICON HOMES, SIMONDS HOMES GROUP LIMITED, HENLEY PROPERTIES, JWH GROUP PTY LTD, HOTONDO HOMES, MASTERTON HOMES PTY LTD, BROOKFIELD MULTIPLEX LIMITED, LU SIMON PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, BEECHWOOD HOMES PTY LTD, AVELING HOMES PTY LTD, NICHE LIVING PTY LTD, HOME AUSTRALIA PTY LTD, METRO PROPERTY DEVELOPMENT PTY LTD, JAXON CONSTRUCTIONS, DIPLOMA GROUP LIMITED – ASX DGX, CAVALIER CORPORATION LIMITED, CAPITAL WORKS CONSTRUCTIONS PTY LTD, BOLD PROPERTIES, SOUTHERN VALE HOMES, ADENBROOK HOMES PTY LTD, ESSENTIAL FIRST CHOICE HOMES PTY LTD, J L FITENI HOMES PTY LTD, BOTANIC HOMES PTY LTD, MEGARA CONSTRUCTIONS PTY LTD, NOSTRA HOMES AND DEVELOPMENTS PTY LTD