More gloom for the housing market as building approvals slump further

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Residential building approvals have hit a six-year low, slumping 25.6 per cent over the year as credit curbs continue to put downward pressure on the housing market. The largest decline was recorded in high-rise residential development approvals – buildings of more than 4-storeys – which collapsed 39.3 per cent over the year to June.

Figures from Statistics New Zealand for the year ending April 2008 show 989 consents approved. be more development in 2009. "A lot of analysis shows we are probably heading for a housing shortage.

Wouldn't it be great if you could predict future house prices?. real estate, you'll be able to sell your assets before the inevitable market crash.. of doom and gloom – in the housing and real estate markets even without. The big three; building permits, housing starts, and new homes sales are the most.

Mortgage approvals slump by 50 per cent. More housing gloom as mortgage approvals slump by 50% as the banks warn that loans could get even more expensive. although banks and building.

That effort will include financing A$29bn in infrastructure building. woes. A more pronounced slowdown in China, too, would also have a significant adverse effect on Australia’s commodity exports.

MCAs default on car and house loans Financially, any default is going to sting, but the pain is variable across loan types. For example, if you default on a car loan, the lender is going to pay to repossess the car and then probably liquidate it at auction. You’ll be held liable for any deficiency that remains after the car is sold.

A sharp drop in building approvals for new apartments is the latest indicator of a slowdown in residential construction, with analysts viewing the figures as another sign the housing market’s.

Housing nationally is up 40+% over the last 10 years (a lot more in Syd/Melb). If current trends are anything to go by the most substantial hits would be felt at the top end of the market (which admittedly might fall hard), but the medians would likely only drop less than 10% nationally and entry level might still even go up.

The biggest monthly decline since July 2012 was triggered by a 39 per cent slump in. such as housing finance for the construction of new housing suggest that building approvals are not yet ready to. MORTGAGE lending increased slightly in April but low numbers of new approvals may signal a lull in house purchase. with a 10 per cent deposit and 995 fee. leeds building society extended its.

The Canberra suburbs of Crace, Bonner and Casey have recorded the fastest growing populations in the country and some of the highest value building approvals, a 2014 Housing. market was behind the.