REAL ESTATE – PRICES – AUSTRALIA

City’s three-year house price surge at an end

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Original article by Samantha Hutchinson
The Australian – Page: 2 : 23-Mar-16

Data from the Australian Bureau of Statistics shows that there was a 1.6 per cent decline in Sydney house prices during the December 2015 quarter. Darwin was the only other capital city to record a decline in house prices, while Hobart posted the highest growth in prices, at 2.8 per cent. Housing industry executives have identified various factors as possible causes for slowing house price growth, including new restrictions on lending to property investors and a surge in house construction activity.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIAN POPULATION RESEARCH INSTITUTE

House-boom paradox may signal a structural change

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Original article by Robert Harley
The Australian Financial Review – Page: 42 : 3-Mar-16

CoreLogic has identified a paradoxical trend in the real estate market in Australia. Since 2003, the value of housing sales has risen by more than 30 per cent in Sydney and Melbourne while the number of sales has declined by nearly 20 per cent. In 2015, 482,000 houses and apartments were sold, worth a record $A293 billion. In 2003, more than 621,000 properties were sold, worth $A200 billion.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD

NAB tips unit prices to fall

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 4-Feb-16

National Australia Bank’s latest quarterly survey of the housing market suggests a rise of one per cent in house prices for 2016. Apartment prices are expected to fall by 1.2 per cent. Houses in capital cities experienced average price growth of 7.8 per cent in 2015. The survey is based on the responses of 250 real estate professionals, fund managers, property owners and investors.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

House price growth will wane, says report

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 11 : 15-Dec-15

Domain Group’s "State of the Market" report forecasts that residential property prices in Australia’s capital cities will rise by 2-5 per cent in 2016. House prices are tipped to rise by four per cent in Sydney and five per cent in Melbourne, following growth of around 20 per cent and 12 per cent respectively in 2015. Senior economist Andrew Wilson expects renewed interest among property investors in 2016, citing factors such as negative gearing and the high yield relative to other investment options.

CORPORATES
DOMAIN.COM.AU, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, SQM RESEARCH PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MORTGAGE CHOICE LIMITED – ASX MOC, AUSTRALIAN BUREAU OF STATISTICS, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED

Sydney, Melbourne property prices hit the skids

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 7 : 2-Dec-15

New figures from CoreLogic RP Data show that dwelling values fell in five of Australia’s eight capital cities during November 2015. There was a 1.4 per cent decline in home values in Sydney during November and a one per cent downturn in the three months to November. Meanwhile, home values in Melbourne fell by 0.5 per cent for the quarter and 3.5 per cent in November. However, both cities are continuing to record double-digit annual growth in home values.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, RESERVE BANK OF AUSTRALIA

Predictor of housing boom feels chill in air

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 31 : 19-Oct-15

SQM Research MD Louis Christopher forecasts that Melbourne’s residential property market will be the strongest performer in 2016, with price growth of up to 13 per cent. However, growth in prices across the capital cities is expected to average 3-8 per cent, compared with nine per cent growth in the last year. Christopher expects a slowdown in the Sydney market to dampen growth nationally, although he says a major slump in house prices will not occur.

CORPORATES
SQM RESEARCH PTY LTD, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, WESTPAC BANKING CORPORATION – ASX WBC

Steinert makes contrarian call on prices

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 42 : 14-Oct-15

Macquarie Group recently forecast that Australian house prices will fall by 7.5 per in 2016, while AMP Capital expects further price growth in 2016 before a 5-10 downturn in 2017. Meanwhile, Stockland CEO Mark Steinert says a number of factors support the case for further growth in house prices, including the lower Australian dollar, a relatively strong domestic economy and continued population growth. He anticipates that house prices will rise by 3-5 per cent in 2016.

CORPORATES
STOCKLAND – ASX SGP, MACQUARIE GROUP LIMITED – ASX MQG, AMP CAPITAL INVESTORS LIMITED, PROPERTY COUNCIL OF AUSTRALIA LIMITED, AUSTRALIANSUPER PTY LTD

Sydney, Melbourne tipped to slow

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 40 : 6-Oct-15

Valuation firm Propell has forecast that growth in house prices in Sydney will slow to five per cent in the next year, after rising by 18.6 per cent in the last 12 months. Likewise, house price growth in Melbourne is tipped to slow from 11.5 per cent to five per cent. Meanwhile, apartment prices in Sydney and Melbourne are expected to increase by about five per cent and two per cent respectively.

CORPORATES
PROPELL NATIONAL VALUERS 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

Melbourne may ‘outpace’ Sydney prices

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Original article by Robert Harley
The Australian Financial Review – Page: 32 : 14-Jul-15

A report from property valuation firm Propell suggests that house prices in Sydney and Melbourne will rise by 10 per cent and eight per cent respectively during the next 12 months. However, the firm notes that there is the potential for stronger house prices in Melbourne than in Sydney, as house price growth in the latter city may be moderating. Meanwhile, Propell forecasts five per cent growth in Sydney apartment prices and just one per cent growth in Melbourne.

CORPORATES
PROPELL NATIONAL VALUERS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD