Property

Going bananas over affordable housing

By Nicole Gurran, University of Sydney and Peter Phibbs, University of Sydney A poster in the head office of a state planning agency claims: “Highest Housing Approvals in a decade: Keeping homes more affordable”. Indeed, the latest figures show national housing approvals rose 16% between June 2013 and 2014. Given ongoing concern about housing affordability…

Politicians hold $300m in property, so how do they influence housing policy?

By Dallas Rogers, University of Western Sydney Australian politicians are keen property owners. Data compiled by Lindsay David, Deakin University’s Philip Soos and Paul Egan from the parliamentary register of members’ interests shows the 226 members of federal parliament (both houses) have an ownership stake in some 563 properties. While these properties may be jointly…

Top Chinese property and oilfield service stocks

Two Asian analysts share their top picks within China’s property and oilfield services sectors. Karl ShenResearch AnalystFubon Securities (Hong Kong) Limited 1)    Honghua Group (HK 196) As China’s leading private onshore drilling rig maker with a robust demand for land drilling rigs, Honghua Group appears to have a sustainable advantage within China’s burgeoning shale gas…

Housing blame game here to stay in world of infinite demand

By Kate Shaw, University of Melbourne It is true that the main culprits for housing prices in Australia are taxation and regulation regimes, as argued by Stephen Kirchner last week. But this is more because of their impact on demand than supply. Generous incentives including negative gearing and concessions on capital gains tax encourage investment…

How Australia’s ageing population could push house prices down

By Ross Guest, Griffith University Despite talk of a housing bubble in Australia, house prices have been flat in real terms over the past six years since the pre-financial crisis peak in December 2007. The weighted average of established house prices in Australia’s capital cities has just kept pace with inflation, according to the Australian…

Your home as an ‘ATM’: home equity a risky welfare tool

By Rachel Ong, Curtin University and Gavin Wood, RMIT University Perceptions of the family home have changed dramatically in recent years. Once viewed as a tool to ensure low housing costs in old age, a more complex and wide-ranging welfare role for home ownership has emerged. A suite of mortgage products are transforming the family…

Renting for life? Housing shift requires rethink of renters’ rights

By Kate Shaw, University of Melbourne Australia is the world capital for property speculation. Australians play property like Monopoly: buying, selling, demolishing, rebuilding, extending, renovating, always with the promise of appreciation on resale. The contribution to GDP of real estate transactions alone is the highest in the world, and three times higher than that in…

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The latest Westpac/Melbourne Leading Index suggests slower economic growth for the remainder of 2013 continuing into 2014.  The expectation is for 2.5% growth for 2013 and 2.3% in 2014, raising the level of speculation about impending RBA rate cuts. Rates are already at historic lows and the possibility of further cuts should stoke the fires…

Is residential property a good investment?

By Wealth Foundations There has been a surge in residential property prices recently, apparently driven by investors rather than homeowners. Like most Australians, their answer to the question, “Is residential property a good investment?” would clearly be “Yes”. And typical reasons given would include:     – It’s safe and always goes up in value. In…

The Boomer housing bust: coming to Australia?

By Nicole Gurran They’re calling it the great “senior sell off” and it’s scaring suburban America. Still recovering from the housing market crisis of 2007-09, America’s latest concern is a looming glut of unsellable suburban homes as ageing baby boomers seek to downsize. Respected demographer Arthur C. Nelson, Director of the Metropolitan Research Centre, University…