Australia’s household debt has been rising and is high by international standards. The household debt-to-income ratio has risen from 167 percent in 2011 to 190 percent in Q4 2016. Assessing how much to worry about this is not straightforward. On the one hand, high levels of debt make the economy more vulnerable to a negative…
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The Federal Government has achieved a good balance between encouraging more housing supply as well as policies that make housing more affordable. Federal Treasurer, Scott Morrison, has carefully balanced the need to boost housing supply with policy levers that make housing more affordable in this year’s budget. To unlock housing supply the budget allocates $1…
The following charts describes what the Reserve Bank of Australia knows about Australia’s housing sector. The charts show a slight dip in housing loan approvals for investors. http://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/69637-rba-s-may-chart-pack-gives-insight-to-australian-housing-loan-approvals-market.html
New research from the Australian Housing and Urban Research Institute (AHURI) finds that, alongside the growing shortage of affordable housing, the country’s largest non-government affordable housing providers have substantial under-used capacity. Making more effective use of this resource calls for concerted and purposeful action from both levels of government to support the industry in playing…
Dwelling approvals posted a stronger than expected 8.3 percent rise in Feb. Westpac and the consensus view had been for a modest 1-1.5 percent decline. Approvals are still 13.5 percent below their Aug peak in trend terms. The rise in non high rise approvals pares back some of the near term weakness that was showing…
Private sector credit rose by 0.3 percent in February after a 0.2 percent gain in January. Annual credit growth of 5.0 percent is near 3-year lows. Investor housing: Investor housing finance lifted by 0.6 per cent in February to stand 6.7 per cent higher over the year – the fastest growth in 12 months. China…
Our model suggests that private sector wages growth is a little lower than it should be given the degree of labour market slack. Nonetheless the current level of labour market underutilisation is consistent with wages growth of just above 2 percent. Our model suggests that a steady decline in the underemployment rate to around 7…
First home buyers in New South Wales will be able to buy property up to $650,000 without having to pay stamp duty. The policy, which will apply to new and existing homes, will start from July 1 in an attempt to combat the housing affordability issue by the NSW State Government. The cap had previously…
Strathfield Partners are proud to announce that we have been awarded Top 2nd Sales Office in Australia 2017 by the REB Awards for the second year in a row. • Australia’s top 50 real estate sales offices unveiled • Strathfield real estate office makes the list A Strathfield business has been recognised as one of…
Strathfield Partners are proud to announce that our managing director, Robert Pignataro has been honoured and recognised for his achievements by a front page feature in first REINSW Journal issued in 2017. We take this opportunity to acknowledge his achievements, success and exemplary leadership.