Australia real estate market. The party is over

[Hairy Potter]

http://www.theaustralian.com.au/nationa ... 6034940341

The Australian BUYERS are deserting the housing market at a pace that threatens a slump in housing prices and a risk to the economic outlook.
The number of new housing loans approved by the banks dropped 5.6 per cent to a 10-year low in February, after a similarly sharp drop in the previous month.




This one is related to our real estate market

Foreign property buyers restrictions needed?

A prominent Vancouver businessman and former city councillor says it's time to debate restricting foreign ownership of residential properties as a way to cool down Vancouver's hot real estate market.

Peter Ladner says Vancouver's home prices are out of control, and with China and Australia already restricting foreign ownership, Vancouverites should at least examine whether the idea makes sense.



http://www.cbc.ca/news/canada/british-c ... tions.html

[akela]

Foreign property buyers restrictions needed?

A prominent Vancouver businessman and former city councillor says it's time to debate restricting foreign ownership of residential properties as a way to cool down Vancouver's hot real estate market.
Peter Ladner says Vancouver's home prices are out of control, and with China and Australia already restricting foreign ownership, Vancouverites should at least examine whether the idea makes sense

О! Я думаю, что какая-нибудь из наших славных политических партий, должна включить эту идею в свои предвыборные обещания.

[Kate]

О! Я думаю, что какая-нибудь из наших славных политических партий, должна включить эту идею в свои предвыборные обещания.

Торжественно обещаю охладить рынок жилья

[Hairy Potter]

Will be interesting to see if these talks drive the home prices even higher in anticipation of sticter rules for foreign investors in the future

[PIX]

Ха, вчера пошел посмотреть на китайцев напротив The Bay метротаун. Забавное зрелище...Они там спят с субботы в очереди за квартирами...

[mypka]

Ха, вчера пошел посмотреть на китайцев напротив The Bay метротаун. Забавное зрелище...Они там спят с субботы в очереди за квартирами...

это-наемники! за $15 в час....

[Hairy Potter]

Похоже, что китайцы в Австралии тоже взвинчивали цены until now.

Chinese abandon Triguboff's Meriton Apartments


CHINESE buyers have deserted billionaire Harry Triguboff's Meriton Apartments, with sales to Chinese owners and investors dropping from 30 a week to 10 a week over the past month.

Mr Triguboff said prices in the overheated Chinese property market were starting to fall, while the Australian dollar continued its stellar run, making Australian property increasingly expensive compared with China.

"Our (real estate) market is the Chinese market, just like coal and iron ore," Mr Triguboff said.

"We need lower interest rates so that our dollar drops and it stimulates growth."

Mr Triguboff, whose Meriton Apartments builds more than 1000 units a year, said Chinese owners and investors had accounted for about 75 per cent of Meriton sales for the last two to three years.

But in the past month, numbers had fallen steeply.

"Real estate is already dying. You can have all the planning reforms you want, but this won't help if there are no buyers," Mr Triguboff told The Australian.


http://www.theaustralian.com.au/busines ... 6042443912