Preface The federal government has not seriously considered the opportunities for Australian housing affordability before. The Standing Committee on Economics of the House of Representatives recently released a report on individual foreign investment in residential real estate. The report has mixed reactions. It is almost certain that the media debate about Chinese real estate investment…
After approving the regional structure plan and infrastructure construction plan, the new suburban plan of Pakenham East will soon be able to submit applications. Pakenham East is one of the six major greenfield development sites that the Victorian Planning Agency has fast tracked for the influenza pandemic. The area will have 7,200 new houses, town…
Driven by ultra-low interest rates and government support measures, first home buyers are flocking back to the real estate market, and Australia’s two largest mortgage brokerage firms have reported a surge in loan applications from young home buyers. AFG said that in the most recent quarter, its total housing loan applications increased by 30% year-on-year,…
Under the Morrison government’s HomeBuilder plan and the proposal to relax responsible lending, the rapid growth of new home sales has made economists more optimistic about the price, construction activity, and GDP forecasts of detached houses. Economists also predict that the central bank will not extend the A$100 billion quantitative easing (QE) program in April.…