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Newsletter Edition / 11-June-2018

Australia’s Home Prices Decline Annually For First Time in Six Years

Best Asia real estate editor's Comments: Unfortunately for many of my Australian friends prices of Australian real estate are dropping for the first time in years as I predicted last year. Unfortunately I believe it's going to be an exponential drop with potential 5% to 10% average drop this year alone. Major cities such as Sydney. Melbourne and Brisbane may see drops of as much is 20% on some expensive homes.

One reason for falling prices will be less demand from baby boomers. For example, in Australia it is estimated that 25% of its 25 million population are baby boomers. If Bali only receives 1%, of those Boomers that is 6,250 Australian  baby boomers seeking to buy or lease a Bali home for the next five to twenty years.


Australians Retiring in Bali seeking avg. Cost of Living 62 % less than Australia plus clean comfortable lifestyle.

Denpasar, June 05, 2018

According to PT. Bali Affordable Lifestyles International. (PT. B.A.L.I.) who have managed award winning PT. Bali Luxury Villas for the past 13 years, an ever-increasing number of Baby Boomers are retiring in Bali each year. Fact is that 25% of the world’s population, born between 1946 and 1964 labelled as the baby boom generation are now retiring.

A large portion of those boomers currently living near Bali will want to retire here adding a whole new demand for Bali real estate for the next five to ten years. According to a recent poll "50 % of Australians are now buying outside of Australia". Bali will certainly be on their short list.


 
Australia’s foreign real estate investment boom looks to be over. Here are five things we learned.

by Dallas Rogers
Program Director, Master of Urbanism. School of Architecture, Design and Planning, University of SydneyFIRB


This is bad news for the property and financial industries, who are already feeling the pressure of weak household income growth, tighter lending restrictions on local borrowers, and a slowing in housing market activity in key Australian cities.

FIRB suggests that declining demand from China is a factor in the overall decline in overseas approvals. Chinese demand may have been weakened by a range of factors, including the new FIRB application fees, Chinese overseas direct investment capital controls, and the changing global economy.

But if the cycle is moving from boom towards bust, we have learned several things along the way.
 
Price list of the world’s costliest tower starts doing the rounds as new owners look for buyers

PUBLISHED : Wednesday, 30 May, 2018, 10:51pm
UPDATED : Thursday, 31 May, 2018, 12:54pm
Maggie Zhang
:

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Real estate boom in the Illawarra appears to be coming to an end:

UOW professor Alex Frino
Brendan Crabb Local News


The real estate boom in the Illawarra over the past several years appears to be coming to an end, an academic says.

He also believes the weakening in property markets is bad news for the construction boom and the Illawarra economy.

The latest house price data from CoreLogic indicates that the value of real estate in the Illawarra for the first four months of this year increased by 0.8 per cent.

This is in comparison to the same period last year, when prices increased by 4.8 per cent.

 
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