Will the Chinese currency devaluation spell higher property prices for Melbourne? This week China shocked the world and devalued their currency by 2 per cent in an effort to stimulate their ailing economy. Peter Sarmas discusses the potential impact of this decision on Australia’s property market. ...
In this week's property market update we look at the ASIC's case against certain companies associated with a Perth-based property developer that claimed consumers could buy an investment property from “just $59 per week”. We also cover other top property and financial news stories of the week. ...
ABS housing finance figures released in August show that the total number of new home loans declined again during June. Senior Economist Shane Garrett from the (HIA) Housing Industry Association comments on the second consecutive decline in monthly lending volumes and how it affects new home building. ...
This weekend was earmarked as the luckiest day on the real estate auction calendar for chinese vendors and buyers, the 8th of the 8th. In this week's market wrap Peter Sarmas looks at the weekend's action results and discusses the RBA rate decision and how it affects the property market. ...
The Housing Industry Association's affordability index fell by 2.9 per cent to 79.7 in the June quarter, signalling a deterioration in affordability. In this week's property market update we talk about housing affordability in capital cities compared to regional Australia. We also reveal the owner of Australia's richest house. ...
What is causing housing affordability to deteriorate? In this week's property market wrap Peter Sarmas looks at the HIA Affordability Index for the June quarter. He also analyses a worrying trend in Melbourne's property market highlighting buyers lack of due diligence when purchasing their new home or investment property. ...
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