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Property buyers getting the jitters
http://www.theaustralian.news.com.au/story/0,,24158947-25658...
Submitted by cij
5 months, 2 days ago
This are the thoughts from BIS Shrapnel: "BIS Shrapnel Managing director Robert Mellor said he was unable to fathom the low clearance rates across the country.
"The fundamentals are all good, employment has slightly increased and unemployment has remained steady," he said. "There's no reason people should fear losing their jobs. It's unusual that there is so much reluctance to buy property."
They should be reading "Another faulty analysis: BIS Shrapnel on house prices" at http://cij.inspiriting.com/?p=411
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Negative equity hits US homeowners | The Australian
http://www.theaustralian.news.com.au/story/0,,24173692-643,0...
Submitted by FireApple
4 months, 4 weeks, 1 day, 23 hours ago
A THIRD of all Americans who have bought a property in the last five years are now battling with negative equity.
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Concern grows over ‘bombsite Britain’ tax
http://www.ft.com/cms/s/0/84d4f950-7080-11dd-b514-0000779fd1...
Submitted by Casso
4 months, 2 weeks, 5 days, 19 hours ago
Looks like Britains latest tax - intended to stop people harding vacant buildings - has back-fired. Perhaps they should've led with a carrot, instead of using the stick...
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Rates put the bite on new home sales | The Daily Telegraph
http://www.news.com.au/dailytelegraph/story/0,22049,24260821...
Submitted by FireApple
4 months, 1 week, 6 days, 18 hours ago
THE property market continues to struggle with high interest rates and a slowing economy, with new home sales falling in July, a survey has found.
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Business Spectator - Property values drop
Plummeting property values have prompted warnings Australia is heading for a one in a 100 year slump.
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Housing sales in major cities fall | The Australian
http://www.theaustralian.news.com.au/story/0,,24032682-25658...
Submitted by FireApple
5 months, 3 weeks, 5 days, 23 hours ago
RESIDENTIAL sales in the capital cities slumped 24per cent in the first three months of the year as interest rates climbed and consumer sentiment collapsed.
Figures released yesterday by RP Data show that home sales in the three months to March were lower than in any quarter since before June 1999, when the real estate research firm began compiling sales volumes nationally on the mainland capitals.
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RBA rate cuts may fail to ease mortgage pain | The Australian
http://www.theaustralian.news.com.au/story/0,,24031524-25658...
Submitted by FireApple
5 months, 3 weeks, 5 days, 18 hours ago
IT was a simpler world in December 2001, when home owners were last able to celebrate a fall in their variable mortgage rates after a 25 basis point cut in official rates.
Six and a half years later, official and unofficial rates are no longer moving in lockstep, raising the unpleasant prospect of delayed mortgage relief even if the Reserve Bank starts to reverse the cycle of 12 consecutive rate increases.
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Cashed-up buyers waiting for property to plumb depths
http://www.theaustralian.news.com.au/story/0,,24078724-643,0...
Submitted by cij
5 months, 2 weeks, 3 days, 12 hours ago
Cashed-up high net worth investors are waiting for commercial property to fall further before making their investment moves
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Rental crisis might be overblown
http://www.news.com.au/dailytelegraph/money/story/0,26860,24...
Submitted by cij
5 months, 2 weeks, 2 days, 23 hours ago
SQM Research has another view on the rental crisis 'problem'.
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Value fall threat to property | theage.com.au
http://business.theage.com.au/business/value-fall-threat-to-...
Submitted by FireApple
5 months, 2 weeks ago
COMMERCIAL property owners grappling with the increasing costs of borrowing from banks, triggered by the subprime lending crisis, could also be hit by falling asset prices, an economist has warned.
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