April 2017 Property Market News

April 2017

April has started off with majority of media attention on lending policies.

National

National news looking at topical points relating to Australia as a nation.

Property Cycles

‘Gold Coast goes through bigger booms and busts than any other property market. Perth’s property market is largely influenced by the resources industry. Sydney is largely influenced by overseas migration levels and limits on new land releases. Canberra is largely public service influenced. Brisbane is influenced by interstate migration chasing the sun from the Southern states. Adelaide and Melbourne are more predictable around construction levels’
news.com.au

Prices

‘Often Chinese investors play the 30 year game, which continues to make Australia a viable investment option’
AFR

‘Tourism is helping property prices through sites like Airbnb as it helps guide investors yields and prices they are willing to pay’
AFR

‘Over the last 5 years the value of housing stock has risen by 47% in Sydney and Melbourne while the size of housing stock has risen by 8.5%’
The Australian

Vacancy Rates

Vacancy rates Hobart 0.7%, Canberra 0.9%, Melbourne 1.7%, Sydney 1.9%, Adelaide 2%, National 2.4%, Brisbane 3.3%, Darwin 3.8%, Perth 4.8%
SQM Research

Clearance Rates

‘Weighted average clearance rates across the capital cities for the month have started above 75%’
Corelogic

‘Sydney experienced its highest number of auctions and sales in one weekend’
Domain

‘Capital City median house prices (private treaty) for Sydney $1,031,500, Melbourne $720,000, Canberra $640,000, Darwin $565,000, Brisbane $515,000, Perth $490,000, Adelaide $451,000, Hobart $385,000’
Corelogic

‘Capital City median unit prices (private treaty) for Sydney $740,000, Melbourne $546,000, Canberra $382,127, Darwin $366,000, Brisbane $393,750, Perth $408,000, Adelaide $330,000, Hobart $300,000’
Corelogic

Economy

‘Household net worth has gained by 57% in the last 5 years’
The Australian

‘Australia has experienced 26 years of consecutive economic growth’
news.com.au

‘Australia’s 226 federal politicians own 525 properties’
ABC

‘The number of investors with 5 or more properties has increased by 6% in 2014-2015, this makes up 0.009% of all property owners’
ATO

Finance

‘Interest only lending accounts for 40% of residential mortgage stock, APRA planes to reduce this to 30%’
AFR

‘Mortgage debt is at only 26.7% of homes and land’
AFR

‘APRA wants majority of investor loans to be at 80% LVR’
AFR

Demographics

‘Victoria is leading Australian population growth at 2.1%, Australia 1.5%, ACT 1.5%, NSW 1.4%, QLD 1.4%, WA 1%, SA 0.6%, Tasmania 0.5%, NT 0.3%
ABS

Local

Capital City related news relating to the property market.

Property Prices

‘Growth in the top end of prices in areas like the Eastern suburbs has experienced over 25%+ price growth over the last year due to tight stock levels’
The Australian

‘The Central Coast housing market is becoming increasingly hard to get into due to lack of supply to meet demand’
The Daily Telegraph

‘Melbourne home owners are adding hundreds of thousands of dollars to prices by doing developers paperwork for them’
Domain

Building Approvals

Sydney Building Approvals Financial Year to Date Parramatta 3,086, The Hills Shire 2,964, Sydney 2,900, Blacktown 2,618, Liverpool 1,963, Canterbury 1,693, Camden 1,531, Sutherland Shire 1,490, Penrith 1,333, Ryde 1,333, Lane Cove 900, Central Coast 875, Northern Beaches 793, Newcastle 616, Inner West 415, Ku-ring-gai 409, Woollahra 202, Mosman 25
ABS

Melbourne Building Approvals Financial Year to Date Melbourne 5,340 Casey 2,670, Wyndham 2,623, Hume 2,071, Whittlesea 1,499, Greater Geelong 1,489, Moonee Valley 1,295, Melton 1,283, Moreland 1,295, Whitehorse 1,198, Glen Eira 1,127, Frankston 451
ABS

Brisbane Building Approvals Financial Year to Date Brisbane 6,733, Gold Coast 4,051, Sunshine Coast 2,548, Moreton Bay 2,406, Ipswich 2,110, Logan 1,514, Toowoomba 692, Redland 660, Townsville 458
ABS