Markets

Australian house prices are booming because of COVID-19 – not despite it

The Australian property market has rebounded strongly as a result of the fiscal and monetary responses to the COVID-19 pandemic. KPMG calculates that homes in each capital city will continue selling higher as a consequence, with Sydney buyers paying $120,000 more than had no pandemic occurred. The price difference is […]
Australian house prices are booming because of COVID-19 – not despite it
Markets

Lockdowns haven’t been able to slow down Australia’s property market yet, but Sydney’s could prove the exception

Australia’s property markets have proved resilient throughout its various lockdowns. CoreLogic found that sales tended to bounce back following a lockdown period, but says government intervention had been the biggest factor stabilising the market. As Sydney looks like extending its three-week lockdown further, a lack of government support this time […]
Lockdowns haven’t been able to slow down Australia’s property market yet, but Sydney’s could prove the exception
News

Real estate agents should be the first to be replaced by robots

Real estate agents are a scourge on humanity, and conveniently one that can be scrubbed from it with the latest technology or, failing that, a good Excel spreadsheet. As AI and robotics threaten to eliminate all of our jobs, I propose we at least start with the bottom of the […]
Real estate agents should be the first to be replaced by robots
Markets

Australia’s regulators are preparing to intervene in the property market as house prices explode and New Zealand mounts its own crackdown

Australian regulators have revealed they are mulling a possible lending intervention, as household debt mounts. As property prices soar, the RBA has raised major concerns, indicating it is considering what steps it may take next if credit growth doesn’t slow. It follows similar moves overseas after New Zealand’s central bank […]
Australia’s regulators are preparing to intervene in the property market as house prices explode and New Zealand mounts its own crackdown
Markets

Australia needs a Royal Commission into housing, experts say, as soaring prices create an economic ‘time bomb’

Australia’s $8.1 trillion property market demands a Royal Commission and subsequent intervention, a new research paper claims. A special report compiled by UNSW found that soaring prices present a “triple crisis” to the Australian economy that risks worsening inequality, undermining growth and threatening stability. Almost 90 experts weighed in on […]
Australia needs a Royal Commission into housing, experts say, as soaring prices create an economic ‘time bomb’
Markets

Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC

Economists have predicted Australian property prices will continue soaring throughout the remainder of the year on the back of record low interest rates. Sydney is expected to lead the market higher, with prices finishing the year 21%, or $216,300, higher. Meanwhile some economists warn the Morrison government’s loan guarantee scheme […]
Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC