- published: 13 Jun 2017
- views: 3588
House prices in Australia have become so unaffordable that many young families simply cannot buy into the market. Wealthy Australians have become a nation of property “investors” thanks to a series of government policies that allow and encourage it. The lower and middle class have either been burdened with massive debt, or they are stuck renting for the rest of their lives. In the 1970s, the average house price was about twice the average annual income. If we used today’s figures as a guide, the average home should only cost about $140000 to $150000. But in reality, the average Australian house price is much higher. Homes in Brisbane have a median cost of $478000; Perth $515000; Melbourne $595000; and finally Sydney comes in at a whopping $776000. Bubble, Bubble By many definitions of t...
The dream of home ownership is fast becoming a nightmare in Australia. Property prices in major cities like Sydney and Melbourne are rising fast, putting them out of reach for many. And economists warn the real estate bubble is about to burst. Mobin Nasir reports. We spoke to economist Saul Eslake and Professor Timo Henckel, who is a research fellow at ANU College of Business. Subscribe: https://www.youtube.com/channel/UC7fWeaHhqgM4Ry-RMpM2YYw?sub_confirmation=1 Livestream: http://www.youtube.com/c/trtworld/live Facebook: https://www.facebook.com/TRTWorld Twitter: https://twitter.com/TRTWorld Visit our website: http://www.trtworld.com/
Mar.02 -- House prices in Australia’s biggest cities are on a tear. In the financial capital, Sydney, they’ve risen 73 percent over five years, ranking it second only to Hong Kong as the world’s least affordable housing market. The property boom has increasingly pushed the traditional norm of homeownership beyond the reach of average earners. Residential property accounts for 40 percent to 60 percent of loans by the major banks, making house prices a matter not just of politics but financial stability.
People who want house prices to go up far outnumber people like you who are trying to enter the market. Patrick Abboud has been looking at the bad news for first home buyers, and there's lots of it. The Feed airs weeknights at 19:30 on SBS 2. You can also follow us on Twitter at @TheFeedSBS2, or 'LIKE' us on Facebook to stay in the loop.
APRA -- Senate Economics Legislation Committee -- 30 May, 2017 Wayne Byres, APRA chairman, undergoes a persistent line of questioning from the Senate Economics Legislation Committee in Canberra. Around 2.5 hours into a gruelling session, Byres said the Australian property market had entered a high-risk phase due to a range of factors, including capital city house prices, household debt levels, record low interest rates and low wages growth. “I’d say they’re [alarm bells] going off softly. That’s why we’ve been intervening in the sense that …” he said, before being cut off by questions from the committee.
Mark Draper (GEM Capital) talks with Roger Montgomery (CEO Montgomery Investment Management) about Australia's elevated property market. Roger presents on ABC and Sky Business News, and is of the view that the property market is now most likely past its peak. He then discusses some of the implications of this for the Australian economy. http://www.gemcapital.com.au
Is The AUSTRALIAN PROPERTY MARKET Affordable? Today i interviewed Australians and asked them what they thought about to rising cost of property in Australia? What is causing the sharp rise in property prices? Will Australian's who are born here ever be able to own a property within an area near work? Here's the results STALK ME ►INSTAGRAM : daveleetv_ http://bit.ly/daveleeinsta ►TWITTER : Asian Twist http://bit.ly/daveleetwitter ►Facebook : Dave Lee http://bit.ly/DaveLeeFacebook FAIR-USE COPYRIGHT DISCLAIMER * Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be in...
There's something unusual about Australian property, the way it's talked about, current trajectory and what will make or break it. This is hot off the press, it could save you lot of pain and suffering.
Melbourne is now the world's sixth most expensive place to buy a house.
SPECIAL FREE BONUS – For Instant FREE Access to The 10 Hour Real Estate Fast Track Weekend Online Video Home Study Valued At $497.00! - http://www.realestatedvd.com.au/absolutely-free-access-2016 LIVE EVENT FREE TICKETS – For FREE tickets to attend the next live Melbourne educational event – The Real Estate Investing Fast Track Weekend - http://www.realestatefasttrack.com.au/?utm_source=Youtube MORE FROM KONRAD BOBILAK - To keep up to date with the latest videos, blogs, eBooks, from Konrad Bobilak go to;http://www.konradbobilak.com.au Here is what you will learn by watching this on live video; THE FUTURE OF THE AUSTRALIAN PROPERTY MARKET, 2017 AND BEYOND…By Konrad Bobilak Economists, analysts and well-known housing market pundits got things horribly wrong in 2016 – as they did in...
Watch the latest Housing Market Update for Sydney. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of May, released June 2017. Presented by Tim Lawless, Research Director at CoreLogic. For more housing market insights, visit corelogic.com.au or call 1300 734 318.
A survey released earlier this year compared house prices to salaries in 367 cities across nine countries, including Australia, Canada, China, the UK and the United States. The study found Hong Kong is the most unaffordable city.
Why new investors are more at risk than people who've owned property for years If you'd like some assistance sourcing property in high growth locations that won’t cost you more than a cup of coffee a day, then check out how we can help here: http://www.investmentrise.com.au/how-we-can-help-you/ To your success, Niro
Martin Armstrong has a proven track record of predicting the property prices and the economy, here is how he's predicting a 26 year decline in property prices starting now!
http://empowerwealth.com.au/blog/what-causes-property-price-to-fall/ With property prices rising at the current rate in our two main cities, Sydney and Melbourne, discussion around the impending price correction continues. This time on our How To, Ben explains the various causes that can lead to price falls.
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Australia property prices on the rise Australias rising property prices spur bubble concerns Property costs in some of Australias major cities have been rising in recent months, and there are concerns a price bubble may be brewing. Phil Mercer reports from Sydney.
Australia slams brake on property investors and prices cool