The New Zealand (NZ) property market faces significant challenges as house values have fallen for three consecutive months, and sales activity shows clear signs of slowing. CoreLogic NZ’s latest property market update revealed that the total value of residential real estate fell $40 billion (US$25 billion) across the June quarter to $1.69 trillion. The value…
New Zealand Property Market in ‘Correction’ Phase and Faces Significant Challenges
July 28, 2022
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Increasing Housing Demand Won’t Solve Affordability
July 14, 2022
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Commentary Over the past decade in Australia, we have had a series of governments delivering disappointing policies. Unfortunately, I expect this disappointment will continue with the new Labor government. One case in point: their housing policy was announced during the most recent election campaign. The Labor Party’s shared equity scheme is yet another poor federal…
What’s Behind the Current Market Crash
July 6, 2022
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News Analysis The first half of 2022 has seen financial market carnage of historic proportions, from stocks to bonds and even cryptocurrencies. Analysts say the rout is part of the process of markets assessing how severe the next recession will be, along with the reckoning that central banks no longer have the markets’ back. “There’s…
Canada’s Home Builders Grow in Confidence, Say Industry’s Success Needs Municipal Cooperation
May 11, 2022
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Home builders in Canada have their work cut out to increase the housing supply and ease the affordability crisis, and industry participants also point to municipal-level cooperation as being critical to the solution. Home builders’ confidence is growing despite supply chain and labour challenges, according to the first-quarter release of the Canadian Home Builders’ Association…
Australian Rental Crisis Worsens, National Vacancy Rate at Lowest Level Since 2006
April 15, 2022
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Australia has entered into a deep rental crisis, with tenants facing increasing competition for the diminishing pool of available rental homes, driving up rents by almost 12 percent across capital cities in the last 12 months at an accelerating rate. SQM Research revealed the national vacancy rate fell to one percent in March, the lowest…
Auditing Takes Center Stage, Especially in China
April 8, 2022
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Commentary The world of financial auditing is rarely the center of attention. In fact, most auditors operate under the simple premise that no news is good news. In China, auditing is at the center of a major problem for real estate developers and the Chinese stock markets in Shanghai and Hong Kong. Auditors are required for…
‘Rapid Decline’: New Zealand House Prices See Largest Quarterly Drop in Over a Decade
New Zealand (NZ) property prices have experienced their largest quarterly drop in over a decade as the market further weakens, shifting power to buyers. The QV House Price Index reveals that the average home decreased in value by 0.6 percent over the three months to March. This has brought down the average annual growth from…
Canada’s Housing Affordability Crisis: No Fix Without Increasing Rentals Supply, Says Economist
Housing market analysts have long pointed to a lack of supply as the key issue to resolve, and CIBC’s deputy chief economist Benjamin Tal says not enough attention is being placed on the rental market.
Difference Between House and Unit Prices at All-Time High in Australia
February 17, 2022
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The gap between Australia’s house and unit prices has reached record high in January of 28.3 percent after houses grew almost twice as fast in value over the same period. CoreLogic’s latest monthly market update revealed that units recorded a growth rate of 14.3 percent in the 12 months to January while houses grew 24.8…
New Loans Pick up as Australian House Prices Continue to Grow
February 1, 2022
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New Australian housing mortgage commitments rose 4.4 percent in December to a record high value of $32.8 billion (US$23.3 billion) as house prices in the country continue to climb. The Australian Bureau of Statistics (ABS) revealed that it was driven by a 5.3 percent increase in the value of new owner-occupier loans. The average loan…
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