Tag #Property Market

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smh.com.au

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Sep 21, 13:20

Australian Intergenerational Inequality: Housing Crisis at the Forefront

A Resolve Political Monitor poll reveals that Australians widely believe younger generations are disadvantaged, particularly due to unaffordable housing, leading to calls for increased government intervention.

Australian Intergenerational Inequality: Housing Crisis at the Forefront

A Resolve Political Monitor poll reveals that Australians widely believe younger generations are disadvantaged, particularly due to unaffordable housing, leading to calls for increased government intervention.

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What are the proposed solutions, their potential effectiveness, and the long-term implications for Australia?

The government has proposed a significant housing policy agenda including building more homes, improving renter rights, and assisting first-time buyers. However, critics argue that despite substantial spending, little tangible progress has been made, raising concerns about long-term effectiveness and the sustainability of addressing this intergenerational disparity.

dailymail.co.uk

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Aug 20, 13:16

Mullins slams Reeves's 'atrocious' property tax plan

Plumbing tycoon Charlie Mullins criticized Chancellor Rachel Reeves's proposed property tax overhaul, which would replace stamp duty with an annual charge on homes over £500,000, warning that it could damage the market and punish hard-working homeowners; Mullins, who moved to Spain due to tax concer...

Mullins slams Reeves's 'atrocious' property tax plan

Plumbing tycoon Charlie Mullins criticized Chancellor Rachel Reeves's proposed property tax overhaul, which would replace stamp duty with an annual charge on homes over £500,000, warning that it could damage the market and punish hard-working homeowners; Mullins, who moved to Spain due to tax concer...

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What are the broader political and social implications of the proposed tax changes, and how might they impact future government policy?

The proposed changes, potentially including a mansion tax and removal of capital gains tax exemptions, could significantly alter the property market and wealth distribution. The long-term impact remains uncertain, particularly concerning its effect on homeownership and affordability, requiring careful assessment of wider economic implications. A £1.5 million threshold for capital gains tax changes could affect 120,000 higher-rate taxpayers.

smh.com.au

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Aug 10, 22:15

Sydney Auction Underquoting Costs Buyers Millions

An investigation revealed widespread underquoting at Sydney auctions, with properties in suburbs like Smithfield (29% above guide), Greenacre (24%), and Marayong (22%) selling far above advertised prices, costing buyers hundreds of thousands of dollars, disproportionately impacting middle-income ear...

Sydney Auction Underquoting Costs Buyers Millions

An investigation revealed widespread underquoting at Sydney auctions, with properties in suburbs like Smithfield (29% above guide), Greenacre (24%), and Marayong (22%) selling far above advertised prices, costing buyers hundreds of thousands of dollars, disproportionately impacting middle-income ear...

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Why is underquoting more prevalent in certain Sydney suburbs than others, and what factors contribute to this practice?

This underquoting practice, most prevalent in western Sydney suburbs experiencing high demand, disproportionately affects middle-income earners and first-time buyers. The practice is fueled by strong buyer competition and agents' strategies to maximize attendance and bidding wars. Data analysis of over 10,000 auctions in Sydney and Melbourne revealed consistent patterns of misleading price guides.

smh.com.au

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Jul 31, 22:14

Australia's Housing Crisis: High Rents and Limited Homeownership

In Australia, a third of renters are financially stressed due to high housing costs, with retirees who rent facing disproportionately high poverty rates; this is despite government efforts to build 1.2 million homes and reduce red tape.

Australia's Housing Crisis: High Rents and Limited Homeownership

In Australia, a third of renters are financially stressed due to high housing costs, with retirees who rent facing disproportionately high poverty rates; this is despite government efforts to build 1.2 million homes and reduce red tape.

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How do current government policies, such as the capital gains tax discount, impact housing affordability and the competition between investors and first-home buyers?

The current system favors investors due to policies like the capital gains tax discount, which encourages investment in existing properties and increases competition with first-home buyers. This, combined with a shortage of housing supply and rising house prices (now 16.4 times average household income, up from 9.5 times in the 1990s), creates an uneven playing field. Misallocation of housing resources, rather than a pure shortage, seems to be a major contributing factor.

theguardian.com

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May 28, 04:10

UK Home Sales Surge Despite Discounts Amid Increased Housing Supply

Amid the busiest month for UK home sales since the pandemic, homes are selling for £16,000 below the average asking price of £367,000, despite a 6% increase in sales and a 13% rise in homes on the market compared to last June. This is driven by lower mortgage rates and changes to lender affordabilit...

UK Home Sales Surge Despite Discounts Amid Increased Housing Supply

Amid the busiest month for UK home sales since the pandemic, homes are selling for £16,000 below the average asking price of £367,000, despite a 6% increase in sales and a 13% rise in homes on the market compared to last June. This is driven by lower mortgage rates and changes to lender affordabilit...

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What are the long-term implications of the current market trends for UK homeowners and buyers?

The ongoing trend of sellers needing to adjust pricing expectations to match buyer demand suggests a shift in market dynamics. The stronger sales growth in the North West, coupled with slower growth and increased supply in the South, indicates a regional divergence in the UK housing market. Zoopla predicts a 2% increase in UK home values by the end of 2025.

usa.chinadaily.com.cn

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May 16, 07:13

China's Property Market Recovers on New Housing Standards

China's property market shows signs of recovery with increased new and secondhand home sales following the implementation of new national standards for "quality homes" on May 1st, 2025, leading to robust transaction figures in major cities during the May Day holiday.

China's Property Market Recovers on New Housing Standards

China's property market shows signs of recovery with increased new and secondhand home sales following the implementation of new national standards for "quality homes" on May 1st, 2025, leading to robust transaction figures in major cities during the May Day holiday.

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What is the immediate impact of China's new national standards for "quality homes" on the real estate market?

China's property market is recovering, with increased new and secondhand home sales. The recent May Day holiday saw a 36 percent year-on-year rise in Shanghai home sales, driven by new national standards for "quality homes" implemented on May 1st. These standards, including minimum ceiling heights and mandatory elevators, are key selling points.

forbes.com

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Sep 11, 22:21

New Zealand Relaxes Golden Visa Rules, Attracting Billions in Investment

New Zealand's government is further relaxing its golden visa program by exempting holders from the foreign property purchasing ban, aiming to attract high-net-worth investors and boost economic growth, with a significant surge in applications from Americans.

New Zealand Relaxes Golden Visa Rules, Attracting Billions in Investment

New Zealand's government is further relaxing its golden visa program by exempting holders from the foreign property purchasing ban, aiming to attract high-net-worth investors and boost economic growth, with a significant surge in applications from Americans.

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Decent Work and Economic Growth

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What are the potential long-term consequences and criticisms of this policy shift?

While the government anticipates significant economic benefits, critics may raise concerns about potential impacts on housing affordability, mirroring issues seen in other countries with similar programs. The exemption for golden visa holders purchasing high-value properties (NZ $5 million or more) could exacerbate existing housing pressures, particularly in Auckland and Queenstown, despite government assurances that it won't affect first-home buyers.

smh.com.au

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Aug 11, 01:16

REIV Responds to Underquoting Claims, Calls for Housing Affordability Solutions

The Real Estate Institute of Victoria (REIV) responded to The Age's investigation into underquoting, arguing that while breaches occur, the majority of sales above quoted prices result from competitive bidding in a tight market. They propose a more proportionate enforcement system and reforms like r...

REIV Responds to Underquoting Claims, Calls for Housing Affordability Solutions

The Real Estate Institute of Victoria (REIV) responded to The Age's investigation into underquoting, arguing that while breaches occur, the majority of sales above quoted prices result from competitive bidding in a tight market. They propose a more proportionate enforcement system and reforms like r...

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What reforms does the REIV propose to improve transparency in the property market, and why do they believe these reforms are necessary?

The REIV's response highlights a tension between addressing public concerns about underquoting and acknowledging the complexities of the housing market. While acknowledging instances of underquoting, they emphasize the impact of intense competition in a limited housing market, driving prices above quoted ranges regardless of intentional underquoting. The low number of fines issued suggests enforcement may be ineffective rather than widespread underquoting.

smh.com.au

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Aug 8, 22:18

Australian Property Ads Reveal Significant Price Discrepancies

An 18-month analysis of over 200,000 Australian property ads reveals significant discrepancies between advertised and final sale prices, particularly in Sydney, highlighting buyer frustration and potential underquoting issues, despite the illegality of the practice.

Australian Property Ads Reveal Significant Price Discrepancies

An 18-month analysis of over 200,000 Australian property ads reveals significant discrepancies between advertised and final sale prices, particularly in Sydney, highlighting buyer frustration and potential underquoting issues, despite the illegality of the practice.

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How do inconsistent online listings, including price changes and removal of auction guide prices, complicate the identification of underquoting in the Australian property market?

The study, utilizing data from 18 months, highlights inconsistent online listings, with prices changing up to 17 times. The practice of removing auction guide prices after the auction, coupled with a lack of post-sale price disclosure, complicates efforts to track accurate pricing and identify underquoting.

smh.com.au

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Jul 19, 01:14

Melbourne Suburbs Show Longest Property Hold Periods

A Cotality analysis reveals Melbourne suburbs with the longest median property hold periods, including the affluent Portsea (21.9 years) and more affordable Brimbank suburbs like Keilor Downs (16.2-16.7 years), indicating strong community bonds and owner loyalty, contrasting with the city's 9.6-year...

Melbourne Suburbs Show Longest Property Hold Periods

A Cotality analysis reveals Melbourne suburbs with the longest median property hold periods, including the affluent Portsea (21.9 years) and more affordable Brimbank suburbs like Keilor Downs (16.2-16.7 years), indicating strong community bonds and owner loyalty, contrasting with the city's 9.6-year...

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What are the Melbourne suburbs with the longest median property hold periods, and what factors contribute to their enduring appeal?

In Melbourne, suburbs with the longest property hold periods offer insights into community stability and desirability. Portsea, a prestigious Mornington Peninsula suburb, boasts a median hold period of 21.9 years, reflecting strong owner loyalty. Comparatively, more affordable suburbs like Keilor Downs, Delahey, and Taylors Lakes in the Brimbank council area exhibit similar long-term residency patterns, with median hold periods exceeding 16 years.

edition.cnn.com

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May 18, 16:10

Sicilian Brothers Sell 50+ Abandoned Houses for €1 Each

Two Sicilian brothers are selling over 50 abandoned houses for €1 each, handling all paperwork and attracting foreign buyers to revitalize depopulated towns, contrasting with typical one-euro schemes.

Sicilian Brothers Sell 50+ Abandoned Houses for €1 Each

Two Sicilian brothers are selling over 50 abandoned houses for €1 each, handling all paperwork and attracting foreign buyers to revitalize depopulated towns, contrasting with typical one-euro schemes.

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How does the Cuschera brothers' method differ from other one-euro home schemes, and what challenges do they overcome to facilitate these sales?

The Cuschera brothers' model addresses the common hurdle of complex property ownership in older buildings, enabling sales that otherwise wouldn't occur. This innovative approach revitalizes depopulated Sicilian towns by attracting foreign buyers seeking unique, historically rich properties, contributing to local economic activity and preservation efforts.

smh.com.au

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Apr 17, 13:17

Queensland Trustee's Uninhabitable Homes Prove Hot Property

In 2024, the Queensland Public Trustee sold over 340 homes at auction, many needing significant renovations and selling for up to 30% below market value; the high demand, with 80% clearance rates, reflects Brisbane's strong renovation market and high property prices.

Queensland Trustee's Uninhabitable Homes Prove Hot Property

In 2024, the Queensland Public Trustee sold over 340 homes at auction, many needing significant renovations and selling for up to 30% below market value; the high demand, with 80% clearance rates, reflects Brisbane's strong renovation market and high property prices.

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What are the potential long-term implications of this sales model on Brisbane's housing market and the renovation industry?

The QPT's sales strategy, offering properties "as is" with limited inspections, creates a unique market segment attracting risk-tolerant buyers. This model may influence future property sales strategies, potentially increasing the volume of fixer-upper properties and further boosting the renovation sector. The success of this strategy highlights a significant demand for affordable housing options even in high-priced markets.

Showing 1 to 12 of 21 results