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Newsletter Edition / 27-July-2018

Short the Aussie as Worst Is Yet to Come, Top Forecaster Says

Best Asia Real Estate Editors Comments:

It appears that there is some bad news in the future for Australian investors in real estate and Ozzy dollars.

I just returned from Sydney and things are pretty gloomy there and most real estate markets are heading down

Now the Australian dollar is getting a lot of attention on the downside.
All this is not good for Aussie investors and retirees.

Lehman Brothers collapse

Demand for banking and real estate workers in Australia is plummeting

DAVID SCUTT
JUL 19, 2018


Growth in Australian job advertisements continues to slow.
Ads placed on Seek’s platform grew by 8.3% in the year to June, down from the average of 13.9% seen in 2017. Demand for banking and real estate workers has tumbled over the year, fitting with the downturn in the housing market.

While Australian companies are reporting record levels of job vacancies, growth in job advertisements continues to weaken, pointing to a slowdown in hiring in the months ahead.


Dover Heights and neighboring areas of central Sydney
A view of Dover Heights and neighboring areas of central Sydney, Australia. Housing prices have slipped slightly this year in the city after a steep run-up in recent years.CreditCameron Spencer/Getty Images

 
Australian Housing Costs Rival New York’s, but Boom May Be Ending

By Isabella Kwai and Adam Baidawi NEY
— The home wasn’t perfect. The two-bedroom townhouse lacked parking and a backyard. Its proximity to a major road and a train station made for noisy evenings.

But like many young Australians, Georgia Blackie felt she needed to buy it or rent for the rest of her life.

She lives in Melbourne, one of the world’s wildest and most expensive real estate markets.
 
Al Whilan A. Baljon
Foreign nationals and the practice of real estate service

July 18, 2018 | 9:45 pm

Taxwise Or Otherwise
By Al Whilan A. Baljon

The real estate industry is rapidly changing. Shared workspaces and serviced offices are sprouting to meet demand for mobility, connectivity, and flexibility. Townships and mixed-use developments are sprawling inside and outside Metro Manila. Aggressive government infrastructure projects and road network expansions advance real estate development.

 
Hongkong
First sign of relief as analysts forecast Hong Kong’s residential property fever to break in second half

Property analysts warn of rising headwinds that will spur a wave of deflation for the city’s property market in the second half

PUBLISHED : Wednesday, 18 July, 2018, 9:03am
UPDATED : Wednesday, 18 July, 2018, 4:28pm


Residential home prices are likely to drop 7 per cent in the July to December period, as new supply launches and a downbeat stock market weigh on confidence, according to Citibank, the first major financial institution to call for the onset of a correction this year.

However, it is not clear whether prices will end up in negative territory for the year, as home prices rocketed 13 per cent in the first half, outpacing Cities expectation for a 10 per cent rise.

 
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Minimalist, chic villa in Sanur for sale
Minimalist, chic villa in Sanur for sale
Minimalist, chic villa in Sanur for sale
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