Posted: May 20th, 2015 | Author: Michael Courtenay | Filed under: Australian Home Prices | Tags: APRA, Australian Home Prices, Home Investment Loan, Real Estate News, Urban Planning, Westpac | Comments Off on Investor Home Loans Tighten
Lending for investment properties appears to have suddenly tightened, as the banking regulator’s efforts to rein in the sector appear to be succeeding.
Mortgage brokers are reporting credit conditions in Australian housing lending market have become a lot tougher in the past two weeks according to CLSA’s leading bank analyst Brian Johnson.
Mr Johnson said recent discussions with broking contacts pointed to banks cutting discounts on investment loans and demanding tougher scrutiny on borrowers’ ability to repay their debts.
The crackdown comes only days after data was released showing mortgages had soared to a new record high of $31.3 billion in March.
Lending to property investors is now growing at 21 percent year-on-year, more than double the so-called speed limit of 10 per cent identified by the Australian Prudential Regulation Authority – APRA – earlier this year.
Anecdotal evidence is that NAB, Commonwealth and Westpac investor loans will no longer offer additional discounts over and above the published ‘package discount’ rate :: Read the full article »»»»
Posted: February 2nd, 2015 | Author: Michael Courtenay | Filed under: Australian Home Prices | Tags: ABS, Australian Home Prices, HIA, RBA, Real Estate News, Urban Planning | Comments Off on Housing Investors Spearhead Strongest Credit Growth Since GFC
Housing credit again led the growth, rising 7.1 per cent over 2014, including a 0.6 per cent increase in the month of December.
That sector was led by investor credit, which jumped 10.1 per cent over the past year, including a 0.9 per cent rise in December :: Read the full article »»»»
Posted: December 7th, 2014 | Author: Verity Penfold | Filed under: Australian Home Prices | Tags: ABS, Australian Home Prices, HIA, RBA, Real Estate News, Urban Planning | Comments Off on Building Approvals Bounce Up, But Have They Peaked?
The number of dwellings approved for construction has jumped in the latest official figures. The Bureau of Statistics estimates that more than 17,000 homes were approved in October, seasonally adjusted, an 11.4 per cent increase on the previous month.
That recovered the ground lost in September, when approvals fell around 11 per cent. Apartment approvals entirely drove the latest result, jumping by more than 31 per cent as house approvals fell marginally.
The Housing Industry Association is encouraged by the rise in the number of dwellings approved for construction. HIA senior economist Shane Garrett said approvals have been volatile lately, but there are still healthy signs for the sector :: Read the full article »»»»
Posted: December 7th, 2014 | Author: Michael Courtenay | Filed under: GREEN, Urban Planning | Tags: Green Building, Urban Development Planning, Urban Planning, Urban Sprawl | Comments Off on Researchers warn ‘Treeless’ Suburbs Put People’s Health at Risk
Urban planners and researchers warn increasing housing density in Australian cities must not be at the expense of tree cover and its cooling benefits.
A pilot study done by a team from the University of Melbourne warned “treeless” outer suburbs were a risk to health and wellbeing :: Read the full article »»»»
Posted: February 4th, 2012 | Author: Michael Courtenay | Filed under: Business and Economy, Urban Planning | Tags: Housing, Suburbia, Urban Development Institute of Australia, Urban Planning, Urban Sprawl | Comments Off on Experts Dispute The Benefits of Fringe Dwellings
Australia: Economists and planning experts broadly agree that Australia has a housing shortage, but there is a lot of disagreement on how to address it.
The New South Wales Government has asked landowners to nominate sites they think would be suitable for new homes. Forty-three have replied, mostly nominating land on Sydney’s far south-west and north-west fringes. The State Government is now evaluating which sites are viable.
Frank Stilwell is a professor of political economy at the University of Sydney who has written several books on urban policy. Stilwell says the New South Wales Government’s move to open up development sites outside its previously planned corridors defies decades of research on urban planning.
“If you’re getting housing on those urban fringes, a long way away from the city with poor public transport, if any is locally available, then it means car dependency,” Stilwell said. “That of course is a strange policy to be pursuing at a time when we’re trying to look for sustainability.” Read the full article »»»»