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The number of individuals claiming a net rental loss has flat-lined over recent years

The Australian Tax Office (ATO) released their taxation statistics for the 2014-15 financial year last week, and from a housing market perspective it provides some really valuable data on property investor behaviour. Over the 2014-15 financial year, property investors claimed $11.120 billion in net rental losses compared to $7.491 billion in net rental profit.  The […]

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Investor lending slows in February before the APRA crackdown was announced

It seems that lenders were already scaling back their appetite for investment lending as early as January this year, with the value of housing finance commitments for investment purposes falling by almost 6% in February; the largest fall in lending for investment purposes since September 2015.  While this is only one month of data, it […]

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The mortgage lending landscape has changed substantially over the past week

On Friday of last week the banking regulator, the Australian Prudential Regulation Authority (APRA) wrote to all authorised deposit-taking institutions (ADIs) announcing further measures to reinforce sound residential mortgage lending practices.  Since then we have seen the CoreLogic home value index showing that capital city dwelling values are increasing at their fastest annual pace since […]

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Australians continue to choose to move to Victoria

Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016.  Overt the 12 months to September 2016 the national population increased by 1.5% or by 348,695 persons.  The 1.5% growth in the population was the largest annual rise since September 2014 […]

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Investors have historically outweighed first home buyers, but the spread in market participation has never been this wide

Over recent years the level of investor participation in the national housing market has hit historic high levels and at the same time, housing finance commitments to owner occupier first time buyers has shrunk.  As an example, January 2017 housing finance data shows that based on the total value of housing finance commitments, a record-low […]

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The investor surge continues at the expense of first home buyers

Housing finance data for January 2017 was released earlier today by the Australian Bureau of Statistics (ABS).  The data showed the over the month there was $33.9 billion in housing finance commitments which was 1.5% higher than the previous month.  The value of housing finance commitments in January 2017 was 11.0% higher than it was […]

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Deteriorating housing affordability in Sydney and Melbourne due to both demand and supply

Housing affordability is becoming a very hot political topic at the moment and it is no wonder why.  When we look at the latest CoreLogic Home Value Index results for February 2017, they show that combined capital city home values increased by 1.4% taking them 11.7% higher over the past year.  Since the end of […]

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New house approvals now start to fade

Building approvals data for January 2017 was released earlier today by the Australian Bureau of Statistics.  According to the release there were 17,412 dwellings approved for construction over the month which was 1.8% higher over the month but -12.0% lower year-on-year.  In January 2017, the 17,412 dwellings approved for construction was 19.1% lower than its […]

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Capital city vacant land selling prices continue to rise as prices fall in regional Australia

The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen.  The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years. Throughout 2016, the median selling price […]

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Tourism boom: Short-term arrivals to Australia continue to grow at a faster pace than short-term departures, providing good news for the tourism sector

Earlier today the Australian Bureau of Statistics released overseas arrivals and departures data for December 2016.  The data is important because it provides insight around how many people are coming to and leaving from Australia.  It also provides some insight into where they come from, why they are coming to Australia, how long they intend […]

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