Caveat emptor : Pitfalls in the red-hot Australian property market
From a distance it may look as if nothing can derail the Australian property market. Australia's median property price rose 22 per cent last year - its best performance in three decades. In fact, there has been 25-year bull market in capital city property prices.
So it may be tempting for Singapore investors, newly burdened with additional taxes, to dive in now that border closures are being eased. But it would be prudent to scrutinise all the factors playing out in that market.
The biggest single factor is clearly the low interest rate regime that has prevailed since the 2008 Great Financial Crisis. This, coupled with a steady flow of economic migrants, greatly added to hosing demand in the capital cities, especially Sydney and Melbourne which account for about half of…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access