Property

Keeping Tabs on Property

Roger Montgomery

March 13, 2019
Home loan declines accelerated in January, falling 2.1 per cent in the month and 20.6 per cent compared to January 2018. This is the worst year-on-year fall since the GFC and loans are now down almost 25 per cent from their peak. How does this impact the mortgage system growth for the banks? continue…

by Roger Montgomery Posted in Property

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Poor builder results signal more property pain ahead

Roger Montgomery

February 19, 2019
Property investors expecting a recovery in prices will have to wait a bit longer. Because, right now, a perfect storm is engulfing the sector, leading to the worst property falls in four decades. Recent results from our leading builders are further confirmation that the trend is still down. continue…

by Roger Montgomery Posted in Companies, Property

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House prices in Box Hill down 41%

Roger Montgomery

February 15, 2019
As you would well know, we have been bearish property for more than two years, warning those who feared missing out, to be extra cautious about borrowing to buy at the peak. continue…

by Roger Montgomery Posted in Editor's Pick, Property

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Home prices back at peak levels…in the US

Christopher Demasi

February 4, 2019
After writing a piece on Aussie home prices last week, I thought it only fair to follow up with something closer to Montaka’s second home here in New York. While all our readers will be aware that Australian home prices have taken a turn down over the last 15 months or so, how many know what happened to US home prices since they tumbled in the turmoil of the financial crisis of 2008-09? continue…

by Christopher Demasi Posted in Property

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Aussie houses, foreign buyers, where did everybody go?

Christopher Demasi

January 29, 2019
I hadn’t expected to arrive in our New York office in the depths of winter (minus 23 degrees with windchill last weekend) after enjoying Christmas in Sydney (30 degrees and shorts are a fond memory) to write about Australian houses. We run global funds, and Australia is still part of the world, so maybe I can justify it that way. continue…

by Christopher Demasi Posted in Property

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Housing credit is tight – and could get even tighter

Andreas Lundberg

January 23, 2019
The latest credit data paints a gloomy picture for the housing market. Over the past year or so, we’ve seen new finance commitments trend down for owner occupiers and investors, and a very significant increase in loan rejections. Credit could get even tighter once the Royal Commission into financial services hands down its recommendations. continue…

by Andreas Lundberg Posted in Editor's Pick, Property

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Falling house prices mean tough times for retailers

Roger Montgomery

December 14, 2018
Over the last two years, I’ve been warning that the housing price and residential construction boom would end, leaving a bit of a mess. The big question now is not whether house prices will fall further. It is which other sectors will be impacted, and to what extent? continue…

by Roger Montgomery Posted in Consumer discretionary, Property

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Falling property market could squeeze State budgets

Andreas Lundberg

November 27, 2018
While Australia’s declining housing market is good news for first-time home buyers, it’s bad news for the economy. One big concern is what’s called the reverse wealth effect. Another is the adverse impact that a falling market could have on state budgets which could in turn have an impact on infrastructure spending. continue…

by Andreas Lundberg Posted in Property

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Where to next for residential property?

Tim Kelley

October 10, 2018
If you take an interest in the Australian residential property market (and who among us doesn’t?), the latest release from CoreLogic contains some interesting data points. continue…

by Tim Kelley Posted in Editor's Pick, Property

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Just how far will property prices fall?

Roger Montgomery

October 9, 2018
For the last two years, we were feeling rather lonely suggesting that the property boom would end abruptly. Today, property prices are falling, and we are no longer a lone voice. The question is: how much further will they fall? continue…

by Roger Montgomery Posted in Editor's Pick, Property

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