(09-11-2015, 07:25 PM)BlueKelah Wrote: [ -> ] (08-11-2015, 11:48 PM)greengiraffe Wrote: [ -> ]I think everyone seems to be overwhelmed by Singapore's busted property bubble...
I personally think that a correction to a normalising trend is inevitable... always bear in mind that home ownership Down Under is so so different... its probably another day for many...
As for Perth... busted is an exaggeration...
Land values remains sky high as the size has been seriously shrunk in various areas which my mates are tracking for the similar pricing...
No worries just get on with life...
No Vested Interests
GG
No vested interest meh? u seem to post a lot of aussie update and news leh, almost everyday. also ur vested fcl and St****** are pretty much aussie related business.
But its understandable to want to hype stuff one is vested in on the forums.
Newbie11, auction clearance in sydney and melbs are a guide for the how hot the market is. Unlike other city, auctions there are used to get the highest price for property when buyers are excited. So auction shows basically the buyer sentiment in those 2 big cities.
sent from my Galaxy Tab S
I think you may refer to the professionals that are running a Multi-National REAL Estate platform for their comments to infer about reality and "hype"...
As Usual YMMV
http://www.straitstimes.com/business/pro...s-overseas
FCL completed the integration of Australand in October last year and it was rebranded as Frasers Property Australia (FPA) in August.
FPA launched a new retail business unit last month. While it had previously sold off retail elements in its mixed developments, FCL's retail expertise now means it could retain these or build them bigger - and even inject them into Frasers Centrepoint Trust some time later.
FPA is jointly developing Central Park in Sydney with Sekisui House Australia. FPA is also planning a 400,000 sq ft mall as part of an upcoming mixed-use project in Edmondson Park, Sydney.
Fundamentals in Sydney remain strong despite news reports that foreign buyers are pushing up prices, added Mr Lim. But foreign buyers form a limited portion of demand, and made up about 17 per cent of FPA's homebuyers last year.
Improved margins in Australia should flow through the books in the 2016 financial year, said FPA chief executive Rod Fehring.
(09-11-2015, 09:13 PM)greengiraffe Wrote: [ -> ] (09-11-2015, 07:25 PM)BlueKelah Wrote: [ -> ] (08-11-2015, 11:48 PM)greengiraffe Wrote: [ -> ]I think everyone seems to be overwhelmed by Singapore's busted property bubble...
I personally think that a correction to a normalising trend is inevitable... always bear in mind that home ownership Down Under is so so different... its probably another day for many...
As for Perth... busted is an exaggeration...
Land values remains sky high as the size has been seriously shrunk in various areas which my mates are tracking for the similar pricing...
No worries just get on with life...
No Vested Interests
GG
No vested interest meh? u seem to post a lot of aussie update and news leh, almost everyday. also ur vested fcl and St****** are pretty much aussie related business.
But its understandable to want to hype stuff one is vested in on the forums.
Newbie11, auction clearance in sydney and melbs are a guide for the how hot the market is. Unlike other city, auctions there are used to get the highest price for property when buyers are excited. So auction shows basically the buyer sentiment in those 2 big cities.
sent from my Galaxy Tab S
Apart from my core positions, I don't have vested interests.
I read Australian papers on top of Singapore papers simply because Australia is a much bigger economy than Singapore and the journalism Down Under is much better than that of Singapore...
I don't hype. I have already crossed that treshold. $ is no longer than important to me as I merely view what I m passionate in as a game. Its a very simple game... just work hard and I always tell those who knows me... its not IF but WHEN.
I have been out of my broking game come close to 1 decade but I do have my following. My clients and those that are in close contact with me still appreciate me for who I am.
These days, I basically find out who the CON men are as there are seriously very few real businesses and businessmen. Once I narrow the focus, there is only these little that I can focus on.
FCL and St****** are the few businesses that fit my criteria.
Buddy, this investment game is seriously just a game. $ is important but what is more important is your ability to use $ not to hoard it.
To me, these forum is about WIN-WIN, not win-lose.
Over time, a real mileage horse will be discovered.
Still Not Vested
GG
GG has confirmed on his vested interest. I reckon BK has no position to doubt it further unless further evidence presented, otherwise it will become a provocative act.
Investing needs a lot of time and effort. Let's use the valuable time/effort to gain from the market. It is a more tangible and fruitful option. Isn't it buddies?
Regards
Moderator CF
(16-11-2015, 10:32 AM)CityFarmer Wrote: [ -> ] (09-11-2015, 09:13 PM)greengiraffe Wrote: [ -> ] (09-11-2015, 07:25 PM)BlueKelah Wrote: [ -> ] (08-11-2015, 11:48 PM)greengiraffe Wrote: [ -> ]I think everyone seems to be overwhelmed by Singapore's busted property bubble...
I personally think that a correction to a normalising trend is inevitable... always bear in mind that home ownership Down Under is so so different... its probably another day for many...
As for Perth... busted is an exaggeration...
Land values remains sky high as the size has been seriously shrunk in various areas which my mates are tracking for the similar pricing...
No worries just get on with life...
No Vested Interests
GG
No vested interest meh? u seem to post a lot of aussie update and news leh, almost everyday. also ur vested fcl and St****** are pretty much aussie related business.
But its understandable to want to hype stuff one is vested in on the forums.
Newbie11, auction clearance in sydney and melbs are a guide for the how hot the market is. Unlike other city, auctions there are used to get the highest price for property when buyers are excited. So auction shows basically the buyer sentiment in those 2 big cities.
sent from my Galaxy Tab S
Apart from my core positions, I don't have vested interests.
I read Australian papers on top of Singapore papers simply because Australia is a much bigger economy than Singapore and the journalism Down Under is much better than that of Singapore...
I don't hype. I have already crossed that treshold. $ is no longer than important to me as I merely view what I m passionate in as a game. Its a very simple game... just work hard and I always tell those who knows me... its not IF but WHEN.
I have been out of my broking game come close to 1 decade but I do have my following. My clients and those that are in close contact with me still appreciate me for who I am.
These days, I basically find out who the CON men are as there are seriously very few real businesses and businessmen. Once I narrow the focus, there is only these little that I can focus on.
FCL and St****** are the few businesses that fit my criteria.
Buddy, this investment game is seriously just a game. $ is important but what is more important is your ability to use $ not to hoard it.
To me, these forum is about WIN-WIN, not win-lose.
Over time, a real mileage horse will be discovered.
Still Not Vested
GG
GG has confirmed on his vested interest. I reckon BK has no position to doubt it further unless further evidence presented, otherwise it will become a provocative act.
Investing needs a lot of time and effort. Let's use the valuable time/effort to gain from the market. It is a more tangible and fruitful option. Isn't it buddies?
Regards
Moderator CF
Hi CF,
Thank you for understanding my position. I will keep striving to provide more infomation for many hardworking buddies who are interested in.
Cheers
GG
Totally appreciated your contribution GG!
Sent from my SM-N910G using Tapatalk
Sydney Home Prices Drop Most in 5 Years as Regulation Bites
Narayanan Somasundaram
sonarayanan
November 30, 2015 — 3:00 PM PST Updated on November 30, 2015 — 8:03 PM PST
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A residential apartment building stands in the suburb of Epping in Sydney. Photographer: Brendon Thorne/Bloomberg
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Values in Sydney fell 1.4% in November, first drop since May
Home-price drop gives RBA room to cut rates, CoreLogic says
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Sydney home prices fell the most in five years in November as a regulatory crackdown forces banks to tighten lending and increase mortgage rates.
Dwelling values in Australia’s largest city dropped 1.4 percent from a month earlier, data from property researcher CoreLogic Inc. showed on Tuesday. That was the biggest drop since December 2010 and the first decline since May. Prices across the nation’s capital cities declined 1.5 percent, with Melbourne leading with a 3.5 percent decrease.
“The fact that mortgage rates have risen independently of the cash rate has, in all likelihood, become a contributor to the slowdown in housing market conditions,” Tim Lawless, head of research at the firm, said in an e-mailed statement. “Tighter mortgage servicing criteria across the board and affordability constraints in the Sydney and Melbourne markets are also having an impact on market demand.”
The drop in home prices is yet another indicator of the cooling Sydney property market after mortgage rates close to five-decade lows and buying by foreigners sent prices up 44 percent in the past three years. Sydney auction clearance rates, a measure of demand, have dropped for nine consecutive weeks and loans to investors climbed at the slowest pace in 14 months as banks raised interest rates to protect themselves from the risks of an overheated market.
Buyers are hesitating after the price rise hurt affordability, and a regulatory clampdown prompted banks to raise rates for owner-occupiers for the first time in five years. Economists from Macquarie Group Ltd. to Bank of America Merrill Lynch forecast a decline in prices over the next two years. Values in New South Wales state, where Sydney is the capital, are expected to climb 2.2 percent in 2016, a survey by National Australia Bank Ltd. showed Monday.
“Supervisory measures are helping to contain risks that may arise from the housing market,” the Reserve Bank of Australia said Tuesday as it left its benchmark cash rate at a record-low 2 percent. “The pace of growth in dwelling prices has moderated in Melbourne and Sydney over recent months.”
Still, Sydney home prices are up 12.8 percent in the past 12 months and Australia & New Zealand Banking Group Ltd. said in a note Monday “strong underlying demand” is likely to contain any price declines in the major capital cities to less that 10 percent in the absence of an economic downturn. On Saturday, 106 of 111 yet-to-be-built apartments worth about A$160 million ($116 million) in Chatswood, 10 kilometers (6.2 miles) north of Sydney’s business district, were sold in three hours, according to Domain, an online real estate website.
The central bank, which last year called the housing market unbalanced, said in October it could be starting to slow, while rapid home construction in some areas is creating an oversupply. The number of dwellings approved for construction rose 3.9 percent in October from the previous month, according to the Australian Bureau of Statistics, beating the median forecast of a 2.5 percent fall from a survey of economists.
The banking regulator urged lenders in December last year to limit growth in investor mortgages to 10 percent a year. This year, it raised the capital the biggest lenders must hold against home loans.
Successful auctions in Sydney fell to 56.3 percent, a three-year low, separate CoreLogic data showed Monday. A third of homes in the city were sold through an auction in the 12 months to Sept. 30, according to Corelogic.
RBA Room
The decrease in prices would give the RBA room to drop rates, Lawless said. RBA Governor Glenn Stevens said last week traders should “chill out” until February when policy makers will look at data again to decide on rates.
“While the Reserve Bank is likely to welcome a slowdown in the rate of home value appreciation, the overriding objective would be to avoid a significant downturn in the housing market, which would act as a weight on economic growth and potentially impact financial system stability,” Lawless said.