AND FINALLY
AUSTRALIA’S housing market is again showing signs of slowing momentum over August and September, with further declines tipped for Melbourne, ANZ has forecast...
According to ANZ Research, while capital city housing prices continued to expand over September, at 0.5% average monthly growth was down to 0.4%, down from 0.6% month-on-month in...
Over September, Perth and Adelaide continued to dominate gains, both rising above the 1% mark, while prices in Melbourne were down 0.4%, with prices also dropping in...
So far this year, Perth has seen 17.6% price growth in 2024 compared to Melbourne’s six consecutive months of declines for a fall of 1.5% so far this year...
ANZ is still forecasting capital city housing prices to rise 7.3% over 2024, before 2025 sees the pace of growth drop down to 5.5%...
Auction results also indicate waning energy in the housing market, with auction clearance rates “sluggish”, with CoreLogic’s preliminary figures for last week showing the...
In Victoria and NSW, dwelling stock is now exceeding population growth, with Victoria’s dwelling stock up 7.8% compared to 5.2% population growth between March 2020 and 2024...
NZ is also saying the much talked about population boom has now passed its peak and should slowly continue to ease, particularly with moderated international student intake...
With rental affordability still declining and the proportion of income required to service rental rates has rising to 33.0% nationally, which is comfortably in the range classified as rental stress...
With lending seeing the strongest gains in Queensland where it was up 41.0% in the year to August, with investor lending also the strongest, up 58.5% for the year...
Currently, less than 2% of variable-rate owner-occupiers are at risk of falling behind on repayments, just 0.2% of variable-rate owner-occupiers at risk of falling behind on repayments...
At the same time, the proportion of income required to service a new mortgage is at a record high of 50.3% for dwellings and 54.5% for houses, according to the latest ANZ-CoreLogic...
PropTrack’s latest Housing Affordability Report saw a median-income household earning around $112,000 could afford just 14% of homes sold in the 2024 financial year...
Building approvals were also slowing in August, at 6.1% for the month after a more dramatic bump of 11.0% in July. Thanks to a drop of 16.5% in private unit approvals...