Source: CoreLogic The coronavirus outbreak clearly presents some downside risk for the Australian housing market, but ultimately, the impact remains highly uncertain. New information and policy responses are unfolding daily, making it impossible to provide a reasonable forecast of capital growth. Some added context however, is remembering the fundamentals of the property market, and idiosyncrasies of a pandemic-led downturn. Property is less volatile and slower to respond to market shoc...

Source:  Australian Property Journal THE coronavirus pandemic and social distancing measures has likely put an end to the resurging housing market, and it is unlikely to simply bounce back post covid-19, according to ANZ Research. ANZ senior economist Felicity Emmett and market economist Hayden Dimes said prior to covid-19 taking hold in Australia and resulting in the government shutting down parts of the economy, one sector that continued to surprise on the upside was housing. ...

Source: Business Insider While the coronavirus takes global stock markets for a wild ride, it's left Australia's sacred cow, its beloved property market, well enough alone. Take auction clearance rates, one of the market's leading indicators, for example. Over the weekend they showed the first signs of softening, although haven't fallen significantly yet. "The impact so far has been pretty muted. Clearance rates have been down a touch but they'll still be pretty...

Source:  Australian Property Journal   THE property industry has welcomed the federal government's $17.6 billion targeted stimulus package in response to the coronavirus (covid-19) pandemic, but said significant challenges remain for the Australian economy. The Urban Development Institute of Australia's national executive director Connie Kirk said the stimulus should help maintain cash flow, jobs and business activity across the economy but also urged the government ...

Source:  Chris herde, The Courier-Mail Confidence is returning to the Brisbane inner city apartment market as vacancy tightens and developers start planning new projects. RENTS are expected to rise as the Brisbane inner city apartment market continues to tighten with oversupply hitting its peak four years ago. According to JLL's latest 4Q 2019 Residential Apartment Market Report inner city apartment completions across Australia's capital cities fell 21 per cent last year....

Source:  Corelogic   The narrative of over-supply and under-performance in Brisbane units has dominated conversations around south-east Queensland property for almost 5 years. At January 2020, Brisbane unit values remain 11.5% below their 2010 peak to be at similar levels to 2007. But the latest data on property values, construction and population growth suggest that the story is changing. It is worth noting that over-supply is very much a unit-centric story. Houses across Bri...

POPULATION growth will drive Brisbane's apartment market towards undersupply within 18 months, assisted by the low cost of finance, new first home buyer incentives and the slowdown in new construction. The Inner Brisbane Unit Market Residential Residual Stock Analysis from m3property showed 10.6% of units in developments with at least 50 units or around 1,500 units completed since January 2016 remained in the ownership of the project's developer. However, few high density projec...

Source: Domain - Jim Malo Brisbane rents are creeping up and the proportion of vacant homes is inching down, as the city's rental market recovers from years of oversupply, experts say. Asking rents for units rose 1.3 per cent to a median $380 a week over the past year, the latest figures from the Domain Rental Report for the September quarter show. House rents also edged up 1.3 per cent to a median $405 over the same time period, according to the report released on Thursday. The...

Source:  API - Liz Jordan   HOUSING market sentiment across the country has hit a near six-year high, as Western Australians grew in confidence at a faster rate than anywhere else, and NAB upgraded its forecasts for prices. The latest NAB Residential Property Survey, housing market sentiment was positive among property professionals in all states for the first time since the first quarter of 2018. It was again highest in Victoria (up 7 to 47) and improved most in New South W...

Source:  Courier Mail - Elizabeth Tilley   BRISBANE is fast becoming a landlords' market as vacancy rates tighten and rents continue to climb, putting investors in the box seat in 2020. New data released by SQM Research reveals asking rents for houses increased 0.9 per cent in December to $473 a week that's 3.4 per cent higher than they were a year ago. The rental vacancy increased slightly last month, but is still tight at 2.9 per cent, and lower than the 3.2 per ...