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Property market

Today

The M+ xxx at Hong Kong’s West Kowloon Cultural District.

Hong Kong arts hub selling land to stay afloat

The redevelopment of a reclaimed area on Victoria Harbour is important as Hong Kong struggles to restore its reputation.

  • Shawna Kwan

Why rents and vacancy rates are both falling

Tight rental vacancies typically fuel strong rental increases, but not in the current market.

  • Nila Sweeney

Yesterday

Change the tax framework? The changes would be less than both sides of the debate argue.

We’re more nuanced on negative gearing than five years ago

Disadvantages for investors – and gains for aspiring owners – would be more modest than many expect, if Australia’s property tax regime changed.

  • Robert Harley
Pedestrians in central Dublin’s Anne Street South.

Ireland hits wealthy with ‘mansion tax’

The introduction of a third band of stamp duty is expected to raise €80 million a year.

  • Szu Ping Chan
Activity returning: Shenzhen, along with other large Chinese cities, has eased home-buying restrictions.

Chinese home buyers scout showrooms at midnight after stimulus

The swift turnaround in sentiment of retail investors has fuelled hopes that the country’s property market freefall may finally be halted.

  • Bloomberg News
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This Month

The suburbs where house prices slumped by up to $288k in three months

The pressures of high interest rates and poor affordability triggered a decline in median house values in some of the country’s most expensive markets.

  • Nila Sweeney
Mr Comyn said the serviceability buffer had increased financial stability at a business lunch in Sydney.

CBA’s Comyn backs APRA’s mortgage buffer rules amid intense criticism

The chief executive of the country’s biggest lender said critics – who say the regulations make loans unattainable – were looking for an easy but ineffective fix.

  • Updated
  • Michael Read and Lucas Baird
Big imbalance: Housing demand is deep, but costs make new development projects unviable.

High rates, low confidence - and tax cloud - hit housing pipeline

Australia’s need for new housing is intense, but in a market where feasibilities are “challenging”, that’s not translating into new homes.

  • Michael Bleby and Nila Sweeney
CBA chief executive Matt Comyn at the Trans-Tasman Business Circle lunch in Sydney on Tuesday.

Buffer or blocker? Why APRA’s serviceability rule is so controversial

CBA boss Matt Comyn has defended APRA’s prudential settings from political attacks, saying housing policy must focus on supply.

  • James Eyers
Buildings on the shore of Lake Ontario in Toronto.

Canada’s housing affordability crisis to linger ‘for a decade’

Interest rates are just one factor keeping Canadians out of housing and cheaper money alone won’t shift the dial, experts say.

  • Promit Mukherjee
Ontario Teachers’ Pension Plan and Hines have acquired a 265-unit build-to-rent asset at 13-17 Cordelia Street in South Brisbane in South Brisbane (pictured), due for completion next year, along with an existing 89-unit apartment building in at 28 Robertson Street in Fortitude Valley in a $350 million deal. 

Ontario Teachers, Hines buy two BTR projects in Brisbane for $350m

Despite headwinds in the build-to-rent sector, institutional investors remain interested and a wave of consolidation is under way.

  • Michael Bleby
Zhujian New Town CBD in Guangzhou: The city has removed restrictions on property purchases as part of a wider bid to boost the Chinese economy.

China removes curbs on homebuyers, sparking stock market surge

Officials are trying to reverse a grinding property downturn and broader slowdown in growth that has afflicted every corner of the Chinese economy.

  • Alexandra Stevenson
Workers, suspended on steel cables, clean the windows and the facade of a high-rise building in Sharjah, United Arab Emirates.

A 7000-year-old city emerges as a haven from Dubai’s sky-high rents

Sharjah is beginning to lure investors less than two years after passing a law that allowed foreigners to buy property in select areas of the emirate.

  • Zainab Fattah

Sydney’s home values on course to fall in the coming months

The sharp rise in listings along with high interest rates and worsening housing affordability has slowed price growth across the board.

  • Nila Sweeney

September

Prime Minister Anthony Albanese.

Labor members want negative gearing changes in ambitious housing plan

Labor for Housing, a national group of members, wants Labor to adopt an 80 per cent homeownership target by 2040.

  • Ronald Mizen
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Artist impression of townhouses planned for the first stage of North-West Dubbo Urban Release Area

Developers head to the regions to deliver housing

Many developers are seeing opportunities to build much-needed housing in regional areas experiencing strong population and economic growth.

  • Larry Schlesinger

These newly minted million-dollar suburbs are breaking records

More neighbourhoods are poised to cross the seven-figure median milestone in the coming months as prices continue to rise.

  • Nila Sweeney
Moving on. Jose Pineda has been priced out of Kingsford.

Jose was priced out of his inner-city home. So were 16,000 others

KPMG data shows rising costs are squeezing out much-needed workers from Sydney and Melbourne’s most sought-after suburbs.

  • Campbell Kwan
Jinding has bought a 136.9ha site in Broadford, a country town 73km north of Melbourne

Melbourne developer snaps up regional sites with plans for 2000 homes

Jinding has bought three sites in regional Victoria and one at Mount Barker outside of Adelaide, where it believes there is strong demand for housing.

  • Larry Schlesinger

RBA decision to hold on rates won’t help home buyers: experts

The housing market won’t get much of a boost from the RBA’s decision to keep rates steady, although some investors may be willing to jump in early.

  • Nila Sweeney

Original URL: https://www.afr.com/topic/property-market-60w