We’ve Lost So Much Money
A report from Domain News in Australia. "Perth house prices have continued to tumble, falling 2 per cent to $528,200 in the June quarter, new figures show. The city’s median house price is now 14 per cent below its 2014…
Many Are Selling Off Market So As Not To Leave The Stench Of Failure
A report from the Times of London in the UK. "Alex Johnston has reluctantly cut the price of his townhouse in Maida Vale, west London, after three years with no offers. The app developer and his wife put the five-bedroom…
They Were Addicted To The Excitement Of Dinero Fácil
A report from the Sydney Morning Herald in Australia. "An Erskineville apartment development remains a ghost town more than 12 months after it was completed, with the City of Sydney refusing to allow owners to move in over fears the…
In The Lending Ecosystem Nobody Wants To Be Reckless Anymore
A report from the Irish Independent. "A glut of new houses for sale has led to builders cutting back on the construction of homes. Goodbody economist Dermot O’Leary said there is now a rising inventory of unsold stock forming for…
There Will Be More Product Built Than Is Needed, It Happens In Every Marketplace
A report from the Wall Street Journal on New York. "High-rise developers in Manhattan are coming under stress as tough market conditions are starting to undermine some of the city’s most prominent luxury condo projects. At a mixed-use project that…
What To Do When The ATM Of Equity Is Closed?
A report from the Daily Mail Australia. "A luxury three-bedroom apartment in the second tallest residential tower ever constructed in the southern hemisphere is now on the market for $10 million amid a climate of rising defaults. The two-level unit…
You Do Opens And No One Turns Up, There’s So Many Available
A report from the Toronto Star in Canada. "The number of newer rental apartments in the GTA that are empty and ready for new tenants is at its highest level since a leading real-estate consulting firm started keeping track in…
We Are Now Looking At A Very Different Market To What It Was Like During The Boom
A report from Nine News in Australia. "A new report by the Housing Industry Association revealed home affordability is at its best since 1999. However, Nine Finance Editor, Ross Greenwood, urges caution. 'Bear in mind it’s the housing industry telling…
They Made A Mistake Investing Here
A report from the Wall Street Journal on China. "When she was a teenager in the 1970s, Zhou Xiaoguang peddled trinkets city to city and slept on trains, a formative chapter in her creation of the world’s largest costume jeweler,…
The Market Crashed And Many Buyers Are Saddled With A Property They Can’t Sell
It's Friday desk clearing time for this blogger. "I was not surprised to hear housing prices have fallen for the first time in something like a decade. I could have hazarded a guess that was the case based on nothing…