Tag: housing market
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What $636,500 Buys You Across Regional Victoria in 2024-25
Introduction: A snapshot of regional Victoria’s housing market Recent figures from the Real Estate Institute of Victoria (REIV) show a new milestone for regional Victoria: the median price of a house has risen to an all-time high of $636,500. For prospective buyers, sellers, and investors, that number isn’t just a statistic. It’s a practical guide…
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Upturns Start Somewhere: NZ Housing Values Edge Higher in October
New Zealand Housing Steady but Subtle Gains in October The New Zealand housing market nudged higher in October, with the median dwelling value increasing by $1,021 – up 0.19% – to a new median of $811,662, according to the Cotality Home Value Index. This marks another modest monthly gain following a 0.11% rise in September,…
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Upturns Start to Take Shape in New Zealand’s Housing Market
New Zealand Faces a Moderate But Steady Upturn in Housing The latest data from the Cotality Home Value Index shows a small but meaningful shift in New Zealand’s housing landscape. In October, the national median dwelling value rose by $1,021, bringing the figure to $811,662. That uptick, a 0.19% increase from September, follows a 0.11%…
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Haunted Hopes: How Bold Renters in Hong Kong Use Ghostly Homes to Cut Deals
Introduction: A Bold Strategy in an Expensive City Hong Kong’s housing market is infamous for its sky-high rents and tiny living spaces. For many residents, paying half or more of a monthly salary on a single unit is a bitter reality. In this pressure cooker of scarcity, some renters are taking a controversial shortcut: renting…
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Millennials Drive Buy-to-Let Surge in England and Wales as Rents Dip
Overview: a Generational Shift in Buy-to-Let Investment Millennials are polarizing the buy-to-let market in England and Wales, now accounting for half of all new shareholders in buy-to-let companies formed this year. This marks a notable generational shift in landlords, even as the broader housing market remains tight and regulatory pressures persist. The finding comes from…
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Millennials Lead Buy-to-Let Surge Across England and Wales
Generational shift reshapes the buy-to-let market Millennials are redefining the landscape of buy-to-let investing in England and Wales, now accounting for 50% of new shareholders in buy-to-let companies set up so far this year. The finding, drawn from an analysis of Companies House data by estate agent Hamptons, marks a notable generational shift in landlord…
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RBA Governor Michele Bullock Faces Senate, ASX Slips as Gold and Oil Tread Water
RBA Governor Michele Bullock Testifies at Senate Estimates Australia’s central bank was back in the spotlight as RBA Governor Michele Bullock faced questions at the Senate Estimates hearing on Friday. The session focused on monetary policy transmission, housing affordability, and the risks around government guarantees in the First Home Guarantee scheme, drawing direct lines between…
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RBA Governor Michele Bullock Faces Senate Hearing as ASX Hearts the Week End Lower
RBA Governor Michele Bullock front and centre at Senate estimates Australian markets closed the week with modest losses as the Senate Estimates hearing put the spotlight on the Reserve Bank’s role in the country’s housing market and broader inflation dynamics. Governor Michele Bullock faced pointed questions about the central bank’s pandemic-era policy, its influence on…
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First Home Guarantee Risks: RBA Oversight Amid Rising Property Prices
RBA warns of potential risks in the First Home Guarantee Australia’s central bank boss, Michele Bullock, used a Senate estimates hearing to highlight how housing policy settings, particularly the federal First Home Guarantee, could influence borrowers’ risk profiles and the broader financial system. While the Reserve Bank of Australia (RBA) has long distanced itself from…
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Australia’s Rent Reality: Prices Rise 44% in Five Years as Supply Stalls
Radical Rise in Rent Costs Across Australia Australian renters are feeling the squeeze as the latest Cotality review (formerly CoreLogic) reveals a near 44% surge in median rents over the past five years. The typical cap city now costs more than $700 per week, underscoring a housing market under pressure from limited listings and intense…