Melbourne Property Market Update – July 25th, 2015
By Peter Sarmas on 25 Jul 2015
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Older Households More At Risk In Housing Downturn
Given the risks to the housing sector in Australia at the moment, Martin North of Digital Finance Analytics looks at a Canadian Economic Analysis Department working paper “On the Welfare Cost of Rare Housing Disasters“, which shows that in a significant housing downturn the welfare costs are large and the risk varies considerably across age groups.
Australia’s Largest Off-The-Grid Solar Plant
The 10.6 million megawatt station, which is part financed by government green loans, is expected to provide Sandfire Resource’s DeGrussa mine with 80 per cent of its daytime energy needs and slash carbon emissions by 12,000 tonnes a year. Read the report from Sourceable Industry News.
New Housing Model Predicts Price Falls Around Australia
Marc Howe of Sourceable Industry News reports on a new method for modelling general trends in the property market. It predicts that home prices in Melbourne, Brisbane and Perth are about to tumble, while those in Sydney will hit a plateau after climbing moderately higher.
Report Has New South Wales 3,000 Dwelling Commencements Behind Victoria
In the January quarter NSW commenced 13,153 dwellings while Victoria, which is 20% smaller than NSW, commenced 16,392 dwellings. The Urban Taskforce reports that the CommSec report for the January 2015 quarter has NSW 3,000 dwelling commencements behind Victoria but NSW is catching up fast. Find out more in the report.
Eastern States Set For ‘Mini-Boom’ in Construction
In this interesting report from Sourceable Industry News we find out the forecasts from the Australian Construction Industry Forum which suggests activity is powering ahead amid strong levels of investment in housing, commercial building and infrastructure.
When A House Is Demolished, More Than The Home Is Lost
Unfortunately, for today’s wealthy builders and buyers, the past carries little cachet. For many, older homes are considered an obstacle rather than a badge of distinction. When these radical presentists are given free rein to tear down the remains of the past, we all lose. Martin North of Digital Finance Analytics shares an insightful article from “The Conversation”.
