Housing affordability lessons from Vancouver for the City of Sydney

Vancouver has been grappling with its housing affordability crisis for over a decade – and its mayor has some advice for Sydney.

Part of the problem, he said, is that Australia and Canada were “way behind in innovation in government” and cities were left with few real policy levels to tackle the issue.

Source: Housing affordability lessons from Vancouver for the City of Sydney

Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h

home loan arrears

The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.

Source: Mortgage arrears at five-year high: Moody’s

 

real estate

Property Prices In Queensland Regional Towns Are On The Move

Regional Queensland Is On The Rebound

Property prices in Queensland regional towns are starting to move according to realestate.com.au. Big spending on hospitals, police facilities etc are driving a new boom.

A massive driver of growth from Dept.of Infrastructure alone.

property prices in queensland regional towns

Government projects driving property prices in queensland regional towns

 

Housing Market Forecast: No sudden movements S&P – Mortgage Business

Housing Market Forecast by S & P

Housing market forecast by Standard & Poors is steady as she goes. The Housing market forecast by one of the top ratings agencies sees prices growing slower but no crash.

‘Orderly unwinding’ in housing market likely: S&P – Mortgage Business

housing market forecast Mortgage BusinessSharad Jain, director of financial services ratings at S&P Global Ratings, has predicted an “orderly unwinding” in the property market as a result of regulatory actions, coupled with Australia’s track record in responding to “property crises”. He was speaking at an S&P ­­property forecast event on 3 August when he made the comments. Mr Jain said that there are a “number of factors that will continue the property crisis in Australia, and a lot of those are factors that are similar to what we have seen that have contributed to the price boom”. Via mortgagebusiness.com.au

The MAcH 10 long term lease is ensuring investors safety! Lease terms up to 25 years, no vacancy and fully maintained. A truly worry free investment.

support for Australia's housing bubble

Has The Australian Housing Bubble Burst? – Have A Look At Canada

Has the Australian Housing bubble burst? That is the $Trillion question.

Not if the Canadian housing bubble is any sort of benchmark.

The Canadian housing bubble is defying government attempts to burst it with an unbelievable resilience. So is it a housing bubble? Do we even have a housing bubble?

Canadian housing bubble house price growth

Talk of a housing bubble has been driven by a lack of affordable housing and price growth. That has happened mainly in the Sydney and Melbourne markets.

The Biggest Real Estate Bubble Of All Time Just Did The Impossible | Zero Hedge

One month ago, we said that “the Vancouver housing bubble Is back, and it’s (almost) bigger than ever.”

Fast forward to today, when we can scrap the almost part: according to the latest data from the Real Estate Board of Greater Vancouver, nearly a year after British Columbia implemented a 15% property tax targeting foreign buyers, in May the biggest real estate bubble of all time did the impossible and in a testament to the persistence of Chinese oligarchs, criminals, money launderers and pretty much anyone who is desperate to park their cash as far away as possible, after a modest drop following last summer’s tax the Vancouver housing bubble has bounced right back to new all time highs, as prices of detached, attached houses and apartment all surged to new record highs.

In other words, all that the 15% surtax achieved was to drastically slow down the rate of transactions (or perhaps home flipping). Meanwhile, as sellers held out to find more aggressive buyers, they were in luck as the new wave of buyers has emerged, and undeterred by the 15% premium, they have been slowly but surely lifting all available offers. Via zerohedge.com

Investment Property – What Einstein can teach you

Property Investing? You don’t need to be a genius

Property investing doesn’t need to be complicated. It is the favourite investment choice of millions of Australians. When you’re thinking about investment property just remember there’s plenty of people to learn from.

As Michael Yardney says,

“Property investing is certainly not rocket science and while you don’t have to be a genius to succeed in real estate, it never hurts to learn from great minds when trying to achieve great things.”

Michael should know his newsletter, Property Update, has been going since 2001 and has nearly 100,000 subscribers interested in property investing of all sorts.

So let’s look at some quotes that have been attributed to Albert Einstein and see how we can turn these pearls of wisdom into profits from investment property.