Six locations in Mexico have been named among the “Top 10 Best Places in the World for Real Estate Investment,” according to Real Estate Trend Alert, a leading source of real-time information for investors. They include: Los Cabos in fourth place, followed by Baja California, Riviera Maya, San Miguel de Allende, Puerto Vallarta, and Merida,…
Real Estate Investors Undeterred by Reports of Violent Crime in Mexico
New Zealand Property Downturn Appears to Be Near the Bottom
New Zealand’s residential housing price slump may be nearing its end, but experts are warning that there is still a period of uncertainty and volatility ahead. The latest data from Quotable Value’s (QV) House Price Index showed that falling home prices have slowed for the second month in a row. Over the three months to…
Labor’s Attempt to Appease Greens Fall Flat as Greens Cling to Rent Freezes
The Greens are being chastised for their failure to support one of Labor’s key legislative policies, the Housing Affordability Future Fund (HAFF), after the government rejected their demand of a country-wide rental freeze, with the Prime Minister calling them difficult. This is despite the announcement the government would make key changes to the bill that would…
Rate Outlook ‘Could Trigger Another Property Downturn’: Experts
Following another interest rate hike and higher odds for more tightening, the residential property market’s recovery may be cut short. The Reserve Bank of Australia (RBA) hiked by another 25 basis points on Tuesday, taking the cash rate to 4.1 percent, and kept its options wide open to keep going if deemed necessary. While interest…
A Quarter of Homes in Eastern Australia Purchased Without Mortgage in 2022
Over a quarter of residential properties purchased in Australia’s eastern states in 2022 were mortgage-free, indicating that a significant portion of the population was not affected by interest rate hikes. Property data firm PEXA has released a report that analyses residential property purchases in the states of New South Wales (NSW), Victoria and Queensland between…
Australia’s Housing Market Regains Momentum With 3rd Consecutive Month of Growth
Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian…
Australia’s Housing Market Regains Momentum With Third Consecutive Growth in May
Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian…
World’s Largest Real Estate Market on the Brink of Collapse: Experts
Recent statistics from China’s central bank show that home buyers’ enthusiasm has fallen drastically. Despite price cuts and incentives, the world’s largest housing market continues to slump, and China’s banking sector is taking a hit on two fronts, as both defaults and prepayments rise. Meanwhile, China’s developers are starting to show the strain, with real…
Banks’ Rising Funding Costs, Reduced Lending Are Top Concerns for Bank of Canada
OTTAWA—Bank of Canada analysis shows that while global banking stresses have been contained and the Canadian banks remain robust, the effects of much higher interest rates are exposing vulnerabilities in the banking sector. These can raise the cost of banks’ funding and thus make it harder for households and businesses to get loans, which could…
Australia Records Significant Growth in Farmland Prices in 2022
Australian farmland values rose for the ninth consecutive year in 2022 due to strong demand and robust performance of the agriculture sector. According to the latest report by Rural Bank, which specialises in financial services for farmers, the national median price of Australian farmland jumped 20 percent to $8,506 (US$5,652) per hectare in the past…
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