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Key points for October 2017 | Adelaide Sydney Melbourne Brisbane 

  • UBS is warning half a trillion dollars of “liar loans” are propping up the Australian banking system. They warn rising interest rates will cause a major shock to the economy.

  • Official ABS data showing Melbourne and Sydney tied for annual price growth of 13.8%.

  • Predicted slump for apartment building across the country. BIS Shrapnel anticipates the number of cranes in the sky will be halved in 2018 with a record decline in high-density development.

  • REIA/Adelaide Bank Housing Affordability Report recording home owners across the county spending 31.4% of their income on servicing their mortgage.

  • Census data showing 80% of households have at least one bedroom empty, with 8 million spare rooms across the country.

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