Tag Archives: propertyprices

RBA would be right to taper its Quantitative Easing program

Posted on July 5, 2021 by Gene Tunny

There’s a nice article by William McInnes in today’s Financial Review, Economists expect RBA to ease stimulus, which begins:  Economists expect Tuesday’s Reserve Bank board meeting to acknowledge the economy’s surprisingly strong recovery and to signal some tapering of its … Continue reading →

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Housing approvals at record high nationwide, but Qld’s historic high was in mid-1990s

Posted on June 2, 2021 by Gene Tunny

Soaring property prices and surging building approvals highlight a residential property market super-charged by record-low interest rates, returning expatriates, and a Fear Of Missing Out (FOMO). CoreLogic has estimated property prices were up 2.2% nationwide in May and up 2.0% … Continue reading →

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Most houses approved in one month in Qld since time of high interstate migration in 90s

Posted on February 3, 2021 by Gene Tunny

The Housing Industry Association was quick to proclaim Detached Building Approvals Reach Record High after the ABS published the December building approvals data today. “Detached building approvals” are approvals for houses, as opposed to approvals for apartments or townhouses. Obviously, … Continue reading →

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Luckily Qld property prices never reached crazy levels that NSW’s and Victoria’s did – now less room to fall

Posted on March 20, 2019 by Gene Tunny

Michael Janda at ABC News has a good summary of the residential property price data for December quarter published yesterday by the ABS: Australia’s $133 billion property price slide rapidly becoming the worst in modern history This correction has been … Continue reading →

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Credit cycle in downswing phase

Posted on March 12, 2019 by Gene Tunny

There is a lot of disappointing economic data coming out for Australia lately. Today the ABS released its January 2019 Lending to households and businesses estimates which  confirmed the credit cycle is in the downswing phase (see chart above). This … Continue reading →

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Property market shows parents are willing to pay for high-performing State Schools

Posted on February 7, 2017 by Gene Tunny

There is a report from Domain today about the impact of school catchment areas on house prices (House prices in some Queensland state school zones rise by up to 40 per cent): “With the new school year just underway, the … Continue reading →

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Sydney & Melbourne property prices defy rational explanation

Posted on January 5, 2017 by Gene Tunny

At the Guardian, Gareth Hutchens criticises some market economists for their forecasts of a correction in house prices in 2016, while house prices in Sydney and Melbourne actually grew at double-digit rates. Market economists Saul Eslake and Stephen Koukoulas have … Continue reading →

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Heat map of Brisbane metro property prices – big opportunities in the Western corridor?

Posted on July 11, 2016 by Gene Tunny

It is well appreciated that people are willing to pay more for properties that are closer to the CBD, have a greater range of services close by (e.g. transport, retail) and offer an attractive lifestyle (e.g. a cosmopolitan community, river … Continue reading →

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As many units as houses approved in Queensland in last 12 months – is a unit price crash coming?

Posted on October 1, 2015 by Gene Tunny

In March, QUT Media reported that, based on analysis by Professor Chris Eves, “Brisbane’s inner city apartment market will crash in 2016, due to oversupply driven by belief in inexhaustible international demand.” (See Collapse of Brisbane’s inner city apartment market … Continue reading →

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Residential building activity recovering nicely, but still below levels of mid-2000s

Posted on October 16, 2014 by Gene Tunny

Builders across Queensland should have noticed higher levels of residential building activity lately, although they may still be disappointed activity remains below the levels of the mid-2000s (see chart based on ABS building activity data released yesterday below). The new … Continue reading →

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