A report from the South China Morning Post. "A buyer has walked away from the purchase of a luxury house on The Peak, losing a deposit of some HK$36.09 million (US$4.6 million) in the latest sign of trouble in Hong…
A report from the Sydney Morning Herald in Australia. "The median value of a house in Sydney dropped last year by 10 per cent or a touch over $100,000 over the past year. In Melbourne, house values are down by…
It's Friday desk clearing time for this blogger. " The year 2018 was one of ebbing expectations. Early in the year the local market was still rather robust with limited inventory and relatively strong demand from buyers. Sellers were still…
A report from the Herald Sun in Australia. "Home values have peaked and begun to fall in every Melbourne SA3 region, with the declines tipped to continue into the new year. New CoreLogic figures show the drops range from just…
Two reports from ABC News in Australia. "Property prices have fallen in Australia many times before - often in response to rising interest rates.This time is different - the cash rate is at a record low but house prices are…
A report from Domain News in Australia. "Sydneysiders who snapped up off-the-plan apartments at the peak of the property boom are now short-changed, with banks valuing their properties well below the agreed price." "Buyers unable to borrow the required amount…
It's Friday desk clearing time for this blogger. "New data from Realtor.com offers the clearest sign yet that home price relief might finally be on the way for prospective homebuyers on the West Coast. Median listings prices in markets across…
A report from The New Daily in Australia. "The traditional December auction slump seems worse than ever this year, with preliminary results showing a combined capital city clearance rate of just 43.1 per cent – the 10th consecutive week where…
A weekend topic starting with The Guardian in the UK. "Few tears will have been shed at recent reports that flats in London’s Centre Point building, where a one-bed goes for a genuinely surreal £1.8m, aren’t shifting. There is a…
A report from News.com.au in Australia. "We’ve all seen the worrying headlines — house prices are falling, with tens of thousands of dollars wiped off the values of homes across the country. In fact, we’ve been in panic mode for…