According to Juwai IQI, Australian property is once again the most sought-after destination for Asian buyers, especially Chinese. Daniel Ho, co-founder and group managing director of Juwai IQI, said the strong returns on Australian property, where prices had climbed by 42% in the last four years, were a major appeal for overseas investors. Other attractive
Prominent Sydney auctioneer and real estate agent Tom Panos has released his weekly market wrap, in which he notes that the “marketplace has very quickly moved from a seller’s market to a buyer’s market”. According to Panos, there is only “one reason: supply and demand” for the change. The supply of listings right now is
DXY is taking a breather: As expected, AUD bounced: North Asia is weak: Gold and oil popped: Metals too: And bid miners: EM yawn: Junk is fine: Yields eased: Stocks ATH again: Here’s the chart of the week. CFTC longs jumped to 33k, the longest in six years, even as the price was smashed: This
CoreLogic released final auction results for the last weekend, with the capital city clearance rate falling below 60% for the first time in 2024. The combined capital city clearance rate fell to 59.5%, down from 60.6% over the previous week and 66.1% this time last year. Melbourne’s clearance rate held below 60% for the third
International Reads: Trump to propose making car loan interest fully tax-deductible – Fortune U.S. Inflation Reaches Lowest Point Since February 2021 – Huffington post Trump Delivers Historically Illiterate Lecture on Tariffs – NY Mag McDonald’s is joining the FTC in going after an alleged meat monopoly – QZ DOJ indicates it’s considering Google [GOOG] breakup
Most stock markets were unchanged in Asia today due to the meek response on Wall Street to the latest US CPI print which came in slightly hotter than expected. Currencies are equally unchanged although the Australian dollar is trying to lift off its recent low at the 67 cent level. Oil futures have not yet
Domain has released its September quarter rent report, which contains the below chart showing the dramatic growth in median asking rents across the combined capital cities: According to Domain, median house rents soared by $220, or 51%, from $430 to $650 between December 2019 and September 2024. Median unit rents rose by $180 or 40%,
Last month, former Sunrise host David Koch told Sydney radio presenter Ben Fordham that young Sydneysiders should adjust their lavish lifestyles if they want to enjoy the same housing benefits as their parents. They “don’t have a cost-of-living issue, they have a cost-of-lifestyle issue”, Koch claimed. “You’ve gotta give things up, you’ve gotta sacrifice things
Earlier this week, The Australian’s James Kirby used Victoria’s property tax reforms as a cautionary tale of why negative gearing should not be reformed. “Victoria is a test case of what happens when investors face tax changes – a recent string of new state-based property taxes has triggered an investor exodus from the state prompting
Another monopolist is putting an energy gun to the East Coast economy: The AER is inviting feedback as part of a consultation phase ahead of a final decision expected in early December. APA chief executive Adam Watson welcomed the draft decision, having previously warned that imposing full price regulation on the SWQP would push up energy