MEL Suburbs with negative NOMINAL house prices over TEN years in Cotality data to Sept include. Toorak, Malvern, Hawthorn East, Kew East, Canterbury, Balwyn North.
aushousing watch retweeted
For years I have seen how the real estate bubble has distorted our economy, making it impossible for young people to own homes whilst directing resources to real estate agents (with their fancy cars) and all their many hangers on (politely their "industry").
And then I see this video and I see a future for Australia and I am glad.
To everyone in the property industry, don't mistake this season for your future. 🏡💙
This season is hard, but it won’t last forever. Hang in there. Better days are coming. 🌅
#realestate #propertyindustry #motivation #resilience
aushousing watch retweeted
'Westpac has begun a new review of its $515 billion mortgage book as it flags investors hiding out in owner-occupier loans and tightens up its risk capital weights'
'Misclassified investors are set to pay more as Australia’s second largest bank begins reviewing its enormous loan book' #ausbiz #housing #Westpac
capitalbrief.com/article/wes…
Stand aside CBA, $4B mortgage fraud uncovered at NAB, incremental steps archive.md/9bbhN
aushousing watch retweeted
The Greens have secured the government's support to prevent self-managed super funds from being used to circumvent the increase in CGT on property.
Follow our live blog: ebx.sh/V9hIz8
aushousing watch retweeted
'Mortgage demand in ‘significant decline’'
'Fresh figures from Equifax have shown mortgage growth swinging from solid expansion at the beginning of the year to a broad‑based contraction'
'New FHB mortgages declined in every major state: down 16.2 per cent in Queensland, 15.3 per cent in Victoria, 12.3 per cent in NSW, 11.9 per cent in South Australia, and 8.4 per cent in Western Australia' #ausbiz #housing
theadviser.com.au/broker/485…
aushousing watch retweeted
So a major Australian buyers agency has just announced that they are going into voluntary administration.
aushousing watch retweeted
BREAKING: The US 30Y Note Yield rises to 5.18%, its highest level since July 2007.
aushousing watch retweeted
Peter Tulip is predicting three more rate hikes — starting Tuesday. Your mortgage just got more expensive.
Peter Tulip said 'the danger of higher inflation feeding into higher wages meant the RBA was more likely to hike rates three more times, to an 18-year high of 4.85 per cent, by the end of 2026'
thenightly.com.au/australia/…
aushousing watch retweeted
Another rumoured budget tax change being a 30% minimum tax on distributions from trusts (except testamentary trusts, & farmers exempted)
