Record property prices still climbing

Original article by Mackenzie Scott
The Australian – Page: 15 : 9-Apr-21

New figures show that house prices in Australia’s capital cities increased by 5.6 per cent in the March quarter. House prices rose by 2.8 per cent nationally in March, and Eliza Owen of CoreLogic says the combined value of Australian dwellings topped $7.9trn during the month. Meanwhile, the national median house price is now 5.6 per cent above the previous market peak in 2017.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD

The year regional housing turned property on its head

Original article by Michael Bleby
The Australian Financial Review – Page: Online : 5-Jan-21

Regional property values rose by 6.9 per cent in the 12 months to December, according to figures released by CoreLogic on 4 January. Property values for the combined capital cities rose by just two per cent, and it was the first time in almost 15 years that regional values had risen at a greater rate than metropolitan values, as the pandemic saw urban residents move to rural areas for more space and greater safety. The number of transactions in 2020 was up nine per cent on 2019, although the volume of listings was down 21 per cent.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD

House prices surge again as stimulus keeps market pumping

Original article by Michael Bleby
The Australian Financial Review – Page: Online : 4-Jan-21

Figures to be released by CoreLogic on 4 January are expected to show that house prices in Australia’s five mainland capital cities rose by 0.9 per cent in December. Brisbane house prices are predicted to have risen 1.2 per cent in December, Melbourne is tipped to show an one per cent increase, while Sydney house prices are expected to have risen 0.7 per cent. AMP Capital chief economist Shane Oliver says house prices are being pushed up by a range of factors, including record low mortgage rates, but issues such as high unemployment and subdued rental markets are likely to weigh on inner city areas and units in Sydney and Melbourne.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, AMP CAPITAL INVESTORS LIMITED

House prices on track for record high by February

Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 31 : 2-Dec-20

Data from CoreLogic shows that residential property prices rose by 0.8 per cent nationwide in November. House prices increased by 0.4 per cent month-on-month in Sydney, while Melbourne’s housing market recorded 0.7 per cent growth following a decline in October. Tim Lawless of CoreLogic says the housing market could be on track to recover from the coronavirus-induced downturn by January or February, assuming the current growth momentum is sustained.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD

Fitch tips 10pc fall in house prices as immigration weakens

Original article by Ben Wilmot
The Australian – Page: 15 : 23-Sep-20

Fitch Ratings has forecast that housing prices in Australia will fall by 5-10 per cent over the next 12-18 months. The credit ratings agency says the reduction in net immigration due to COVID-19 travel restrictions and the resulting impact on population growth will weigh on the residential market; it also warns that the restrictions are unlikely to be eased well into 2021. The National Housing Finance & Investment Corporation recently estimated that underlying demand for new houses and apartments could fall by up to 232,000 over the next three years as a result of the coronavirus.

CORPORATES
FITCH RATINGS LIMITED, NATIONAL HOUSING FINANCE AND INVESTMENT CORPORATION – ASX NFI

House prices crash 30pc in doomsday scenario

Original article by James Kirby
The Australian – Page: 20 : 14-May-20

The Commonwealth Bank of Australia has warned that house prices could fall by 32 per cent over the next three years if there is a prolonged economic downturn. This worst-case scenario is based on the unemployment rate exceeding nine per cent. CBA’s base case downturn scenario is for house prices to fall by 11 per cent. The bank has identified unemployment, underemployment, changes to income and house prices as the key drivers for the housing market.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Prices face 30pc fall if lockdown lingers

Original article by Mackenzie Scott
The Australian – Page: 2 : 8-Apr-20

SQM Research MD Louis Christopher says confidence in the housing market will recover if coronavirus-induced restrictions are eased by the end of May. He warns that residential property prices could fall by up to 30 per cent in Sydney and Melbourne if there is a second wave of coronavirus infections during winter and the restrictions have to remain in place. Christopher adds that the closure of the nation’s borders will reduce underlying demand for housing; he expects this to be one of the last restrictions to be lifted.

CORPORATES
SQM RESEARCH PTY LTD

Property sales collapse, price falls ahead: UBS

Original article by Mackenzie Scott
The Australian – Page: 16 : 3-Apr-20

Economists generally expect Australia’s residential property prices to decline by 5-20 per cent due to the impact of the coronavirus pandemic. UBS analysts have declined to forecast the likely effect of the health crisis on house prices, although they have warned that governments may need to step in with measures such as stamp duty cuts if the housing market falls too far. The investment bank adds that the ban on auctions and open houses is likely to prompt a sharp decline in sales volumes in the near-term.

CORPORATES
UBS HOLDINGS PTY LTD

House prices set for double-digit growth: AMP

Original article by Euan Black
The New Daily – Page: Online : 28-Feb-20

AMP Capital has forecast 10 per cent growth in house prices nationally in 2020, but growth is expected to slow to around five per cent in 2021. Senior economist Diana Mousina says factors such as the interest rate cuts in 2019 and the potential for further monetary policy easing in 2020 should offset any impact that rising household debt levels and tighter lending standards may have on house prices.

CORPORATES
AMP CAPITAL INVESTORS LIMITED

Housing set for recovery: Lendlease

Original article by Glenda Korporaal
The Australian – Page: 13 & 14 : 6-Jan-20

A number of factors will boost Australia’s residential property market in 2020, according to Lendlease executive Kylie Rampa. They include the federal government’s First Home Buyers Deposit Scheme, improved access to housing credit and historically low interest rates. Rampa adds that Lendlease wants to capitalise on its expertise in the affordable housing market in the UK to increase its presence in this sector in Australia.

CORPORATES
LENDLEASE GROUP – ASX LLC, RESERVE BANK OF AUSTRALIA