Melbourne Property Market Update – October 17th, 2015

An aerial view of Sorrento and Portsea. Source: theage.com.au

One Third Of Super Fees Flow To The Big Banks

The nation’s superannuation sector in the 2014-15 financial year amounted to $2 trillion.
Martin North of Digital Finance Analytics reports on research commissioned by Industry Super Australia (ISA), in particular, the proportion going to the big four banks.

Tight Conditions Impacting Residential Land Market

Will the recent surge in vacant land sales develop into a stronger trend?
In the June 2015 quarter, national residential land sales increased by 17.6 per cent, while the weighted median residential lot price increased by 0.6 per cent over the quarter to be 5.2 per cent higher than 12 months earlier. Read the report from Sourceable Industry News.

How Big Is The Payday Lending Market In Australia?

Is payday lending becoming the new trend? Given the current Small Amount Credit Contract Laws review in train, DFA has been looking at the household surveys data to try and quantify the potential size, and trends in the market – colloquially known as the payday lending sector.

Westpac Builds Capital Further And Lifts Mortgage Rates

Westpac has announced a $3.5bn share offer and lifts its mortgage rate for existing owner occupied and investor mortgage borrowers. Read the comprehensive report from Digital Finance Analytics.

Melbourne’s Property Still Booming?

Melbourne’s property market has smashed yet another record, with the city’s median house price increasing in the three months to September 30. Which suburbs were the main growth drivers and what is the city’s latest median house price?

Owner Occupier Housing Finance Commitments Take A Step Up But All May Not Be As It Seems

Is there a change occurring in the mortgage lending market? The Australian Bureau of Statistics (ABS) released housing finance data for August 2015 earlier this week. Cameron Kusher of CoreLogic RP Date analyses the data.