Australia 02 (Jan 11 - Dec 18)

Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Sun Aug 06, 2017 8:27 pm

Australia slams brake on property investors

The nation’s biggest banks have this year raised minimum deposits, tightened eligibility requirements and increased rates on interest only mortgages a form of financing favoured by people buying homes to rent out or hold as an investment.


Source: The Star

http://www.thestar.com.my/business/busi ... investors/
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Thu Aug 31, 2017 12:03 pm

In Sydney, foreign homebuyers have been hit by an 8% stamp duty since June, double the rate last year.

The New South Wales government also introduced a vacancy tax, which is A$5,000 ($5,412) a year for investors who leave their property vacant for more than six months.

In Melbourne, the Victoria government has more than doubled stamp duty surcharge for foreign buyers to 7% from July 1.

The stamp duty concession for off-the-plan properties has also been removed, which will further increase taxes by about 5%.

Source: The Edge Properties
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Sun Dec 17, 2017 7:39 am

CHINA’S FALLOUT WITH AUSTRALIA: THE TIP OF THE ICEBERG?

Power abhors a vacuum. And China is increasingly stepping into the gap in the world economic order

BY LINDA YUEH

“Belt and Road Initiative” - Beijing plans to invest US$1 trillion in the next five years will involve the building of infrastructure across some 65 countries.


Source: SCMP

http://www.scmp.com/week-asia/opinion/a ... ip-iceberg
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Thu Aug 02, 2018 8:14 am

Australian housing downturn worsens

Australia’s property slump deepened in July, with housing prices falling the most in almost seven years, Bloomberg reports.

National dwelling values dropped by 0.6 percent last month -- the biggest fall since September 2011 -- as declines in Sydney and Melbourne accelerated, according to CoreLogic Inc data today.

Prices have now fallen for 10 straight months due to a combination of lending curbs, stretched affordability and reduced investor demand.

Rents declined by 0.2 percent last month, according to CoreLogic.

Melbourne emerged as the worst-performer. Prices fell last month by 0.9 percent compared with a 0.6 percent drop in Sydney.

Source: Bloomberg/The Standard
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Re: Australia 02 (Jan 11 - Dec 18)

Postby winston » Mon Aug 06, 2018 7:40 am

WHY A FALLING YUAN RAISES ECONOMIC JITTERS IN AUSTRALIA

The weaker the yuan, the less Chinese have to spend – and that spells trouble everywhere from Australia’s property and tourism markets to its exports of iron ore and coal

BY JOHN POWER

Source: SCMP

https://www.scmp.com/week-asia/geopolit ... -australia
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Re: Australia 02 (Jan 11 - Dec 18)

Postby Gustave33 » Sat Sep 01, 2018 2:33 am

Every cloud, a silver lining.. Look at this:

APARTMENT PRICES AND RENTAL DEMAND REMAIN STRONG IN MELBOURNE

The Melbourne apartment market has remained robust. This comes despite negative sentiment surrounding the Victorian residential market and a high amount of supply activity. Victoria continues to lead the country in population growth, which has sustained dwelling demand and supported both prices and rental values, according to JLL Australia’s 2Q2018 Melbourne Apartment Market Commentary.
Median apartment price growth continues to accelerate across Greater Melbourne
Median apartment price growth continues to accelerate across Greater Melbourne, but some recent evidence suggests that momentum is stalling, says JLL Australia.

READ HERE: https://www.edgeprop.sg/property-news/a ... -melbourne
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Re: Australia 02 (Jan 11 - Dec 18)

Postby Gustave33 » Sat Sep 08, 2018 8:32 pm

https://www.edgeprop.sg/property-news/u ... arency-jll

UK and Australia are top 2 in real estate transparency: JLL

The United Kingdom and Australia are ranked first and second respectively in JLL’s 2018 Global Real Estate Transparency Index.
Australia’s property market is the most transparent in the Asia-Pacific region. It is followed by New Zealand, which holds seventh position globally, and Singapore which is 12th globally. Hong Kong is 13th.

Read more: https://www.edgeprop.sg/property-news/uk-and-australia-are-top-2-real-estate-transparency-jll
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