Australia:Housing ‘severely unaffordable’ as Sydney price to income ratio worsens

Housing in Australia has been categorised as “severely unaffordable” compared with metropolitan markets around the world, a comprehensive survey has found. Of 10 major metropolitan markets assessed in the housing affordability survey, Hong Kong had the least affordable housing for the sixth year in a row, followed by Sydney. Sydney replaced Vancouver as the second … Read more

Sydney’s housing market contrasts sharply with towns where prices went from boom to bust

THEIR house prices have crashed after once skyrocketing, but Australia’s worst performing property markets have almost nothing in common with Sydney it seems. The Harbour City property market recently became the subject of renewed attention when numerous indicators showed growth in house prices is slowing, prompting some commentators to warn of a coming crash in … Read more

Australian housing market facing ‘bloodbath’ collapse: economists

The Australian real estate market is in the grip of the biggest housing bubble in the nation’s history and Melbourne will be at the epicentre of an historic “bloodbath” when it bursts, according to two housing economists. A bloodbath in the housing market, however, appears a near certainty due to the magnitude of falls required … Read more

Australia:Chinese property investment through the roof: What it really means

FIGURES out this week show the Chinese are pumping money into the Australian property market like never before. Financial services company Credit Suisse estimates that residential investment from Chinese-based investors and new immigrants from China will more than double over the next six years to $60 billion. The company’s report out this week said Chinese buyers … Read more