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…
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…
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…
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…
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…
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…
A report from the Daily Telegraph on Australia. "Apartment owners in havens for high-rise units are realising their properties are worth less than they paid for them as rampant oversupply and falling demand send real estate values plummeting. Recent sales…
It's Friday desk clearing time for this blogger. "Wu Xiaohui was shopping in New York. For buildings. 'He didn’t really care — he’d point out the window and say, ’That one!’ recalls a real estate executive. These days Wu is…
A report from Global News in Canada. "Back in 2016, Vancouver’s white-hot real estate market looked as if it would never cool down. Three years later, industry experts say times have changed. 'Prices now are back to where they were…
A weekend topic starting with Domain News in Australia. "Owners in Melbourne’s high-rise apartment towers are selling properties at a loss amid a tarnished reputation thanks to wild parties and crime. Some city and Docklands buildings are tarnished thanks to…
A report from Bow Valley Crag and Canyon in Canada. "The list of headwinds is many for the city’s new homes market. Veteran housing analyst Dave LaRose notes he surveys new builders’ salespeople and is hearing anecdotally about prospective buyers…