Rays of light for Aussie real estate investors as stimulus stacks up

Property investors have endured sinking prices, tough bank lending rules and the spectre of new taxes. But things are finally looking up. COMPARE INVESTMENT HOME LOANS

A property price turnaround is one of several factors likely to encourage real estate investors in the next six months.

As new data suggests the national property downturn looks set to bottom out soon, 2020 may be the first year of across-the-board house price growth in state capital cities since 2013.

However, many property investors will still find financing difficult.

Realestate.com.au chief economist Nerida Conisbee says investors will still find it tough to borrow.Source:Supplied

Metropole Property Strategists CEO Michael Yardney said house prices might fall for the next couple of months but should be flat or higher by December, with 3-5 per cent growth tipped for most capitals next year.

He said housing market momentum was benefiting from:

• Increased investor confidence after the Coalition’s election win stopped Labor’s new taxes.

• Two interest rate cuts in two months.

• Tax cuts set to flow to households from this month.

• Banks no longer need to assess home loan applications using a minimum interest rate of 7 per cent to determine a borrower’s ability to service the loan.

• Regulators to ease banks’ assessment criteria from August.

• First home buyers returning to the market and buoyed by government incentives.

“Prices are not going to boom any time soon, but the property pessimists who forecast significant falls in property values will again be proven wrong,” Mr Yardney said.

“While interest rates have fallen to historic lows and mortgages may be more affordable, many investors will still have difficulty borrowing funds to invest because of the bank’s stricter lending criteria, including more careful scrutiny of personal expenditure.”

Realestate.com.au chief economist Nerida Conisbee said access to finance for investors was improving, but was still tough.

“If you are looking to buy, make sure you have pre-approval in order,” she said.

Ms Conisbee said it appeared that Australia’s two biggest housing markets, Sydney and Melbourne, were starting to turn around.

“Things are very different to where they were a couple of months ago,” she said.

“The Coalition’s win means tax incentives are still there, we’ve had a couple of rate cuts and there’s tax cut stimulus.”

The latest CoreLogic figures show annual house price falls of more than 9 per cent in Sydney, Melbourne, Perth and Darwin for the 2018-19 financial year.

Brisbane was down 2.6 per cent and Adelaide dropped 0.3 per cent, while Hobart rose 2.9 per cent and Canberra 1.4 per cent.

CoreLogic head of research Tim Lawless said data for the past month suggested the downturn was running out of steam.

“The improvement in housing market conditions over the first five months of the year has largely been organic, however since mid-May there has been a raft of announcements that should provide a further positive flow through to housing demand,” he said.

Ref: Anthony Keane (on 16 July 2019). Rays of light for Aussie real estate investors as stimulus stacks up. Retrieved https://www.news.com.au/finance/money/rays-of-light-for-aussie-real-estate-investors-as-stimulus-stacks-up/news-story/400638a2a5b5475116a441a413c841f6

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澳大利亚房地产投资者迎来了旭日东升的曙光

房地产投资者经历了房价的低迷,严格的银行贷款新规以及对新税收的担忧。但是通过对投资房屋贷款的比较,房地产投资者正迎来了转机。

未来的六个月,房地产价格的转变可能是鼓励房地产投资者的原因之一。

从新数据显示,自从2013年以来澳大利亚房地产市场的低迷很快触底,2020年可能将迎来首个各州首府房价全面上涨的第一年。

然而,许多房地产投资者仍然会发现申请抵押贷款的困难。

Realestate.com.au首席经济学家Nerida Conisbee表示,投资者仍然难以借款。来源:Supplied

Metropole Property Strategists首席执行官迈克尔·亚德尼(Michael Yardney)表示,未来几个月房价可能还会下跌,但到12月份应该会持平或回升,明年大多数州的首府房价将增长3-5%。

他说别墅房屋市场的势头受益于:

• 联盟政府选举胜利后,工党的新税收被叫停,使得投资者信心增强。

• 两个月内两次降息。

• 从本月起,对于家庭的减税计划将得以实施。

• 银行不再需要使用7%的最低利率来评估住房贷款申请。

• 监管机构将从8月起放宽银行的评估标准。

• 首次置业者回归市场并受到政府激励措施的鼓舞。

“房地产价格不会在近期暴涨,但那些预测房地产价值大幅下跌的悲观者将再次被证明是错误的,” Metropole Property Strategists首席执行官迈克尔·亚德尼(Michael Yardney)先生说。

“当利率已降至历史最低水平,申请抵押贷款可能会更容易,但由于银行更严格的贷款标准,包括对个人支出进行更仔细的审查,许多投资者仍难以申请抵押贷款进行投资。”

Realestate.com.au首席经济学家Nerida Conisbee表示,投资者获得抵押贷款的机会正在改善,但仍然很艰难。

“如果你想购买房产,请首选确保你的抵押贷款前期申请被批准,” Nerida Conisbee说。

Nerida Conisbee女士表示,澳大利亚两个最大的房屋市场 – 悉尼和墨尔本已经开始回升。

“事情与几个月前的情况截然不同,”她说。

“联盟政府的胜利意味着税收激励措施仍然存在,我们已经实施了几次降息措施以及减税措施。”

最新的CoreLogic数据显示,在2018-19的财政年度,悉尼、墨尔本、珀斯和达尔文的房价年均跌幅超过9%。

布里斯班下跌2.6%,阿德莱德下跌0.3%,而霍巴特上涨2.9%,堪培拉上涨了1.4%。

CoreLogic研究负责人Tim Lawless表示,过去一个月的数据显示经济衰退正在缓解。

“今年前五个月别墅市场状况基本上是没有多大的改善,但自5月中旬以来,已有大量改革政策公布,可以对房屋需求提供进一步的积极影响”他说。

Ref: Anthony Keane (on 16 July 2019). Rays of light for Aussie real estate investors as stimulus stacks up. Retrieved https://www.news.com.au/finance/money/rays-of-light-for-aussie-real-estate-investors-as-stimulus-stacks-up/news-story/400638a2a5b5475116a441a413c841f6

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