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Falling Sydney, Melbourne house prices concentrated at top end, easing first-home buyer fears
Developing
Real estate·2d agoAI summary

Falling Sydney, Melbourne house prices concentrated at top end, easing first-home buyer fears

Fears of negative equity for first-time buyers in Sydney and Melbourne are easing as falling house prices are concentrated in the top end of the market. Data shows the cheapest properties have seen modest gains or slight declines, unlike the upper quartiles. Experts suggest low unemployment and low arrears rates mitigate mortgage payment risks, though negative equity can limit options for selling or refinancing.

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Guardian World
Australia's Property Market Faces Uncertainty After Tax Reforms
Developing
Business·6/1/2026AI summary

Australia's Property Market Faces Uncertainty After Tax Reforms

Australia's property market is experiencing a shift following tax reforms that limit negative gearing for new investors. Auction clearance rates have dropped, prices are falling in some cities, and analysts predict declines of up to 10%. While rising interest rates and economic outlook also contribute, the reforms aim to curb speculation and improve affordability for first-time buyers.

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Guardian World
Hong Kong’s Tsim Sha Tsui tops Asia luxury retail rents, but Bond Street world’s priciest
NEWS
5/11/2026

Hong Kong’s Tsim Sha Tsui tops Asia luxury retail rents, but Bond Street world’s priciest

Hong Kong’s Tsim Sha Tsui has retained its title as Asia’s priciest luxury retail strip, commanding £16,160 (US$22,000) per square metre in annual rents, as the city remains among the world’s most active markets in terms of new high-end store openings, according to Savills. London’s Bond Street replaced Tsim Sha Tsui as the top global luxury retail property market with rents of £19,228 per square metre per year, according to the ninth edition of the UK-based property consultancy’s Global Luxury...

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SCMP Economy
Hong Kong’s property recovery could be more robust than many think
NEWS
5/11/2026

Hong Kong’s property recovery could be more robust than many think

A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the first major city in China whose property market has bottomed. That could attract developers from mainland China looking to secure new projects”. More aggressive...

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SCMP Economy
Hong Kong records 17% jump in investments led by machinery purchases, construction
NEWS
5/10/2026

Hong Kong records 17% jump in investments led by machinery purchases, construction

Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the city’s finance chief, reflecting a steadily improving property market. Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in different sectors as the city recorded its fastest quarterly GDP rise in nearly five years of 5.9 per cent. But he remained...

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SCMP Economy
Hong Kong home market maintains upwards momentum as eager buyers snap up new flats
NEWS
5/9/2026

Hong Kong home market maintains upwards momentum as eager buyers snap up new flats

Hong Kong homebuyers snapped up new flats on offer on Saturday, fuelling optimism that the bull run in the city’s property market will continue. All 154 units at Sun Hung Kai Properties’ Lime Spark project sold out as of 4.30pm, while 147 homes, or 93 per cent of the 158 flats available at Henderson Land’s Highwood Phase 2 project, found buyers, according to real property agents. “Home prices have climbed by nearly 8 per cent this year, and prospective buyers are likely to find that a delay in...

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SCMP Economy