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…
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…
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…
Nobody Can Say They Didn’t See This Massive Property Glut Coming
A report from the Globe and Mail in Canada. "Foreign buying has dropped dramatically in the Vancouver region’s real estate market three years after British Columbia introduced a tax that targets international purchases, a policy move that has helped drive…
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,…
A Gnawing, Ever-Present Burden That They’re Carrying
A report from the Canadian Press. "The Toronto area’s spring real estate market typically begins winding down in June. Andre Kutyan of Harvey Kalles Real Estate Ltd. recommends that sellers set a price based on what comparable properties have sold…
We Are Continuing To See Settlement Valuations Not Meeting The Purchase Price
A report from the Daily Telegraph in Australia. "Things are finally getting easier for Sydney’s long frustrated home seekers. The median price of a Sydney home has dropped close to 15 per cent since the market peaked in July 2017…
The Double Whammy Of Fewer Foreign Buyers
A report from the Australian Financial Review. "A group of 25 apartments in the Sydney suburb of Hurstville has hit the market following the collapse of its private developer GR Capital as the apartment market slowdown continues to claim casualties.…
The Real Issue Is Access To Debt
A report from Domain News in Australia. "Savvy Sydney buyers can snap up houses in a handful of suburbs for prices last seen in 2015 as the property market continues its slide. Epping’s median house price has fallen to $1.45…
Stock Is Abundant But Purchasers Are In Short Supply
A report from the Wall Street Journal. "For five years, European nations have been trying to jump-start their ailing economies with what was supposed to be a radical, short-term remedy—negative interest rates. Instead, central banks haven’t been able to wean…