|
|
发表于 2016-11-3 05:25
来自手机
|显示全部楼层
此文章由 fademark 原创或转贴，不代表本站立场和观点，版权归 oursteps.com.au 和作者 fademark 所有！转贴必须注明作者、出处和本声明，并保持内容完整
本帖最后由 fademark 于 2016-11-3 07:19 编辑
http://www.afr.com/real-estate/s ... 017-20161102-gsg7ti
如果再降息0.25% 悉尼或上涨18%, 不降息涨16%
by Su-Lin Tan
Wealthy owner-occupiers will reignite the Sydney and Melbourne housing markets next year sending the two markets back to double-digit growth, according to leading analyst SQM Research's Louis Christopher.
Mr Christopher, who accurately predicated the boom in 2012 and this year price rises, predicated in his latest Boom & Bust Report that Sydney's house prices could rise by 18 per cent next year and Melbourne by 17 per cent if the cash rate is cut by another 0.25 per cent by the middle of the year.
Even if the Reserve Bank does not cut the cash rate any further, Sydney prices could still rise by 16 per cent and Melbourne by 15 per cent if the Australian economy remained unchanged.
No relief in sight for first home buyers
There would be no relief for first home buyers because the lower end of the predictions for the two cities would still be about 8 per cent.
While it was investors who charged up the markets with a 20 per cent growth in 2013 and and 2014, this time it would be home owners who would be responsible for the housing markets' second wind.
"In my opinion, the RBA will need the Australian Prudential Regulation Authority to rein in credit lending once again, or lift interest rates, or do both, and they need to take action sooner rather than later," Mr Christopher said.
While APRA had successfully doused investor activity after capping banks' investor lending at 10 per cent, owner-occupier lending was harder to slow down.
"Affluent areas tend to be driven by the prosperity of local economy. And right now, both Sydney and Melbourne have the fastest growing economies in the nation," he said.
"APRA's actions last year to rein in housing investment credit growth worked. [But] tapping on APRA's shoulders once again could be a little more complicated this time around as it will need to involve restricting owner-occupied credit growth – something which the banks will be more reluctant to mess with."
Mixed outlook elsewhere
Brisbane and Hobart's house prices were also expected to rise to 8 per cent, and even Hobart would see a 12 per cent boom, assuming a rate cut.
Perth and Darwin would be the only cities with house price falls of up to 9 per cent. Both cities would definitely see falls of up to at least 2 per cent.
Mr Christopher also forecast an oversupply of new homes in 2017 and 2018, the worse being Brisbane followed by Sydney and Melbourne.
Overall, the Australian housing market remained overvalued and should the cash rate rise to 2.5 per cent, there could be housing downturn, Mr Christopher warned.
"Serviceability is running at just above longer term averages. It's the only indicator right now that suggests there won't be an immediate downturn, unless servicing levels get beyond 10 per cent of incomes. What type of cash rate would it take to get to beyond 10 per cent? We calculate a cash rate of 2.5 per cent.
|
本帖子中包含更多资源
您需要 登录 才可以下载或查看，没有帐号？注册
x
评分
-
查看全部评分
|
参加活动 － 中秋家宴 (2010-9-25) purplenight 
