{"id":29769,"date":"2016-10-13T08:45:28","date_gmt":"2016-10-13T01:45:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-australias-house-price-boom-over\/"},"modified":"2016-10-13T11:54:45","modified_gmt":"2016-10-13T04:54:45","slug":"is-australias-house-price-boom-over","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-australias-house-price-boom-over\/","title":{"rendered":"Is Australia's house price boom over?"},"content":{"rendered":"


\nApartment prices in Melbourne could fall nine percent by mid-2019, a report said.
\nThe median house price in Sydney is expected to remain broadly flat over the next three years, after soaring 56 percent during the last four years, reported Bloomberg citing a QBE Insurance Group report.
\nThis comes as a slew of new developments and investor lending curbs have combined to depress prices, QBE said in its annual housing outlook.
\nApartment prices in Sydney are forecast to fall 6.8 percent by June 2019, as slowing price and rental growth stifle investor appetite for property.
\nSydney\u2019s housing boom has been driven by a growing population, record-low interest rates and a shortage of supply. Banks imposed stricter lending standards for property investors after regulators pushed to avert a bubble, while some state governments introduced stamp duty surcharges on foreign buyers.
\n\u201cPrices are forecast to soften through the three years to 2019, which is likely to be positive for housing affordability,\u201d said QBE Lenders\u2019 Mortgage Insurance CEO Phil White.
\n\u201cIt\u2019s expected owner-occupiers, including first home buyers, will be stepping in to pick up some of this opportunity in the market.\u201d
\nQBE also expects the housing boom in Melbourne to end. The report noted that Melbourne\u2019s median house price increased 33 percent over the last four years. By June 2019, house prices in the city could fall 0.6 percent and apartment prices by nine percent.
\nOver in Perth, which was significantly affected by the drop in mining investment, the median home price is expected to be 10 percent below its 2014 peak come 2019.
\nBucking the trend, home prices in Brisbane are forecast to increase 6.5 percent amid a lack of new supply.
\nNonetheless, there is no current sign that the housing boom is ending. Despite the lack of homes for sale, prices in Sydney rose 14 percent in the year through September, compared with the nine percent increase registered across Australia\u2019s key cities, said CoreLogic.
\nAccording to the QBE report, fewer investors are moving into the market, after banks imposed tighter lending criteria for landlords. With this, residential loans by investors declined to 44 percent in the 12 months ended June 2016, from 51 percent during the previous year, said QBE.
\nSeparate data by CoreLogic, however, implied that investor interest is not waning as investor lending has rebounded 10 percent since April, following a drop of 18.5 percent during the previous 12 months.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Is Australia’s house price boom over?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Apartment prices in Melbourne could fall nine percent by mid-2019, a report said. The median...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-29769","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7K9","jetpack-related-posts":[{"id":97446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lloyds-of-london-set-to-replace-inga-beale-with-former-qbe-boss-john-neal\/","url_meta":{"origin":29769,"position":0},"title":"Lloyd's of London set to replace Inga Beale with former QBE boss John Neal","date":"September 7, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Lloyd's of London set to replace Inga Beale with former QBE boss John Neal","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-housing-market-deemed-fairly-valued\/","url_meta":{"origin":29769,"position":1},"title":"Singapore housing market deemed fairly valued","date":"September 28, 2018","format":false,"excerpt":"\r View of private residential properties in Singapore. Singapore, along with Milan and Boston, were deemed fairly valued by UBS Group in its Global Real Estate Bubble Index. The 20-city index listed Chicago as the only undervalued housing market, reported Bloomberg. 10 cities, including New York, Tokyo and Sydney, were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australia-home-prices-stall-as-sydney-loses-momentum\/","url_meta":{"origin":29769,"position":2},"title":"Australia home prices stall as Sydney loses momentum","date":"January 4, 2016","format":false,"excerpt":"\r Australian home price growth stalled in December as tighter lending rules and higher mortgage rates took the heat out of the Sydney market, though the overall result masked wide differences across the major cities.\r \r Source : South China Morning Post\r Read more...Australia home prices stall as Sydney loses\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/veteran-property-investor-says-mortgage-lending-rule-should-be-eased-if-hong-kong-home-prices-drop-another-10-per-cent\/","url_meta":{"origin":29769,"position":3},"title":"Veteran property investor says mortgage lending rule should be eased if Hong Kong home prices drop another 10 per cent","date":"March 29, 2016","format":false,"excerpt":"\r Veteran property investor Jacinto Tong Man-leung, vice chairman of private real estate investment firm Gale Well Group, believes the Hong Kong government could ease cooling measures once property prices fall a further 10 per cent.\r \r Source : South China Morning Post\r Read more...Veteran property investor says mortgage lending\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110252,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-be-fooled-this-is-a-false-dawn-for-the-property-market-larry-elliott\/","url_meta":{"origin":29769,"position":4},"title":"Don't be fooled, this is a false dawn for the property market | Larry Elliott","date":"August 27, 2019","format":false,"excerpt":"\r Competition to sell mortgages is strong, but vendors are in no mood to cut and runThese are tough times to be an estate agent. A period of rocketing prices in the middle of the decade has made residential property expensive. Buyers are unable or unwilling to pay the prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sydney-property-price-set-to-drop\/","url_meta":{"origin":29769,"position":5},"title":"Sydney property price set to drop","date":"June 22, 2017","format":false,"excerpt":"\r Australia's property bubble looks set to finally burst, with house prices in Sydney forecast to drop for the next two years.House and apartment prices in Sydney should drop by about five per cent by 2020, while Brisbane and Melbourne...\r \r Source : nzherald.co.nz\/Property\r Read more...Sydney property price set to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29769"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=29769"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29769\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=29769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=29769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=29769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}