Category Archives: News & Statistics

ASIA FOCUS: Why Australian investors should consider Malaysian real estate

// // // ]]>// In my previous post, I highlighted some real estate opportunities in the growing economies of Asia. In this article, I zoom into one country within ASEAN where strong economic performance since the Asian financial crisis in … Continue reading

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ASIA FOCUS – Real estate opportunities in the growing economies of Asia

As the economies of Europe and the US remain in the doldrums, Asia is providing the impetus for global growth where some of its economies are powering ahead. From a recent trip to Singapore and Malaysia, and notwithstanding reports from … Continue reading

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Property Update – June 2011

Darling harbour, Sydney In my last update in December 2010, we observed a year of robust growth in 2010 although much of the surge in property prices happened in the first half of the year. The successive interest rate rises … Continue reading

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Where to find competitive home and content insurance

// // // ]]>// GIO’s fire and home content insurance premiums recently soared by up to 35%. I was told by a broker that GIO, being owned by Suncorp, was trying to recoup losses it suffered from claims payout as … Continue reading

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Record high Aussie dollar – implications for property markets

// // // ]]>// On the back of a successful US $29 billion auction of US Treasury bonds, improving sentiments in the local equity markets combined with China’s announcement that it is cutting the export quota for rare earths by … Continue reading

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It’s official – Australia in a 2-speed economy

// // // ]]>// The economic imbalance of Australia’s economy is official. Governor of the Reserve Bank of Australia, Mr Glenn Stevens had previously warned of the massive demand pull generated by Australia’s booming mining industry whilst the rest of … Continue reading

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Treasurer Wayne Swan outlaws bank exit fees

// // // ]]>// In a move to create more competition among lending institutions in Australia and to provide disgruntled bank customers to switch home loans without penalty, the Federal Treasurer has announced plans to ban mortgage exit fees which … Continue reading

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Why we Aussies love our properties

// // // ]]>// A recent study by Mortgage Choice 2010 Consumer Sentiment Survey has revealed that Australian’s passion for property has not waned despite seven interest rate rises since October 2009. In fact the survey indicates that we are … Continue reading

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Heidelberg West and Melton South–Melbourne’s star performers

// // // ]]>// Melbourne’s property market showed mixed results in the June quarter where more affluent suburbs close to the city experiencing massive price drops whilst more affordable second-tier and city fringe suburbs recording strong growth. The Valuer-General’s data … Continue reading

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Resort living at the Sanctum by Crown, Rhodes Waterside

// // // ]]>// Sanctum by Crown at Rhodes, Sydney Located on the Rhodes peninsula on the waterfront of Homebush Bay, Sanctum by Crown offers a selection of 1, 2 and 3 bedroom apartments, some with study / sunroom plus … Continue reading

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Melbourne overtakes Sydney as least affordable city

// // // ]]>// Melbourne has overtaken Sydney for the first time to become Australia’s least affordable capital city to buy a home. A modest cooling in dwelling prices helped make Australia’s housing slightly more within the means of the … Continue reading

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Harry Triguboff – creator of the new Australian dream

// // // ]]>// It was as early as 1963 that Harry Triguboff noticed average Australians were all living in cottages and houses on a quarter-acre block and decided it was time they all lived in apartments. Hence, the new … Continue reading

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Land prices surge in Melbourne’s outer areas

// // // ]]>// Although Melbourne’s outer suburbs remain some of the most affordable housing areas, an influx of new residents to these areas have significantly pushed up property values over the last 12 months. Housing affordability has been a … Continue reading

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Aussie $ hits another record high

// // // ]]>// Quantitative easing in the US, or more commonly known to the layman as “printing money” has sent the Aussie dollar soaring to a new record high against the greenback at US$1.0176. The currency was worth half … Continue reading

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Melbourne Cup blues

// // // ]]>// Two newsletters ago on 21 October 2010, I cautioned readers to think about issues affecting the property markets before popping the bubbly on Melbourne Cup day. The Reserve Bank pre-empted a bucking of the form book … Continue reading

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The Ugly Truth behind Housing Affordability

// // // ]]>// Successive interest rate hikes and surging home prices in 2009 and early 2010 have brought housing affordability close to a record low in the June 2010 quarter. “There has been a dire lack of commitment in … Continue reading

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Aussie dollar hits parity with greenback

// // // ]]>// The Australian dollar has hit parity with the US dollar for the first time since it was floated in 1983. The last time the little Aussie battler was at parity, Bjorn Borg was retiring from tennis, … Continue reading

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Northern seachange city loses to Melbourne’s west

// // // ]]>// The switch in population growth hotspots on the Australian continent has been gradual but inevitable. The glamour hotspot of Gold Coast in Queensland used to be the nation’s fastest growing region for decades due to the … Continue reading

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Mortgage stress of Sydney’s outer west

// // // ]]>// New South Wales is the home to 44% of Australia’s mortgage delinquencies where mortgage holders in the outer western and south-western suburbs of Sydney are the most at risk of losing their homes, according to a … Continue reading

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$32 million Sydney home avoids demolition ball…for now

// // // ]]>// Craig-y-mor is the non-water-front house at Sydney’s Point Piper which was sold by Ben Tilley for an Australian record of $32.4 million in March 2008. Tilley bought the imposing Wolseley road mansion for $16.15 million from … Continue reading

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