Original article by Richard Gluyas
The Australian – Page: Online : 4-Jun-19

Credit ratings agency Standard & Poor’s says factors such as the Coalition’s election win and a likely official interest rate cut in June will bolster the residential property market. However, the firm does not expect houses prices in Melbourne and Sydney to rebound for another 6-12 months, while George Tharenou of UBS forecasts that house prices will stabilise later in 2019. New data from CoreLogic shows that house prices fell by 0.4 per cent in May, and by 7.3 per cent year-on-year.

CORPORATES
STANDARD AND POOR’S FINANCIAL SERVICES LLC, UBS HOLDINGS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY

Original article by Ben Wilmot
The Australian – Page: 23 : 29-May-19

Paul Bloxham of HSBC notes that Australian house prices have fallen by an average of eight per cent since the current downturn began. Prices in Sydney have fallen by 15 per cent, while prices in Melbourne are down 11 per cent. However, Bloxham says house prices are likely to stabilise during the second half of 2019 before improving in 2020. He says factors that should boost the market include the prospect of official interest rate cuts and the re-elected Coalition government’s proposed first-home buyers loan scheme.

CORPORATES
HSBC AUSTRALIA HOLDINGS PTY LTD, AMP CAPITAL INVESTORS LIMITED, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA

Original article by Matthew Cranston, Ingrid Fuary-Wagner
The Australian Financial Review – Page: 1 & 5 : 28-May-19

AMP Capital’s Shane Oliver now expects the housing market to bottom in the second half of 2019, rather than in 2020. He says factors such as the prospect of an official interest rate cut and the federal government’s First Home Loan Deposit Scheme will contribute to the end of the correction in house prices. Meanwhile, economist Stephen Koukoulas forecasts that house prices will bottom in the September quarter before rising in the final three months of 2019. Paul Bloxham of HSBC notes that the housing market correction has been orderly, with low levels of distressed sales and mortgage arrears.

CORPORATES
AMP CAPITAL INVESTORS LIMITED, HSBC AUSTRALIA HOLDINGS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, MORGAN STANLEY AUSTRALIA LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 3 : 10-Apr-19

Moody’s Analytics forecasts that house prices will fall by 9.3 per cent in Sydney during 2019, and apartment prices will decline by 5.9 per cent. The ratings agency expects the prices of houses and apartments in Melbourne to fall by 11.4 per cent and five per cent respectively. Moody’s economist Katrina Ell says factors such as stricter lending conditions in the wake of the Hayne royal commission and Labor’s proposed negative gearing reforms could weigh on the housing market. Moody’s expects the cash rate to remain on hold until mid-2021, although it says further housing market weakness could see a rate cut before the end of 2019.

CORPORATES
MOODY’S ANALYTICS AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA, CORELOGIC AUSTRALIA PTY LTD