You are on page 1of 3

TIMELINE: AUSTRALIAN HOUSING MARKET

MAR 3 2015 JOE HOCKEY ORDERS DIVESTMENT OF $39M POINT PIPER
MANSION ILLEGALLY BOUGHT BY FOREIGNER IN 2014
APRIL 20 2015
CORE LOGIC NATIONAL WEIGHTED CLEARANCE RATE HITS
PEAK 79.8% ON HIGH VOLUMES (78.7% MEL, 88.3% SYD)
APRL 22 2015
LABOR PARTY MPS INDICATE SOME SUPPORT TO CHANGES
TO NEGATIVE GEARING
MAY 2 2015 HOCKEY ANNOUNCES FOREIGN REAL ESTATE TO BE OVERSEEN BY
THE ATO, FROM DEC 1. CALLED ALL ILLEGAL PURCHASERS TO COME FORWARD
FOR AMNESTY BY NOV 30 2015.
MAY 5 2015 WESTPAC TIGHTENS LENDING CRITERIA. APPLIES 7.1% ASSESSMENT
RATE
MAY 13 2015WAYNE BYERS APRA SPEECH “SOUND LENDING STANDARDS AND
ADEQUATE CAPITAL” - UNCOVERS HUGE FLAWS IN BANK LENDING THROUGHOUT
ADI’S
MAY 18 2015ASIC CHAIRMAN GREG METCRAFT “History shows that people don’t
know when they are in a bubble until it’s over”
MAY 20 2015BANKWEST CAPS INVESTOR LVRS TO 80%
MAY 23 2015a 2.8 metre wide terrace, 29 Terry St Surry Hills (Syd) sells for $965k
(>$25k p/sqm)
JUNE 1 2015 COMMONWEALTH TREASURY SECRETARY TO PARLIAMENT: “"When
you look at the housing price bubble evidence, it's unequivocally the case in
Sydney. Unequivocally,"
JUNE 9 2015 JOE HOCKEY TREASURER “GET A GOOD JOB.. [if you want to buy a
home] comments” #ADVICEFORJOE goes viral
JUNE 12 2015
ABS REPORTS HOUSING FINANCE TO INVESTORS IN NSW IN
APRIL WAS 61.8% OF ALL NSW HOUSE LENDING THAT MONTH - Fibonacci
inflection point
JUNE 30 2015
HOUSING CREDIT AS PROPORTION OF TOTAL BANK LENDING
PEAKS AT 61% OF LOANS (rev.)
JULY 8 2015 IRON ORE PRICE CRASHES TO UNDER $45 USD/T
JULY 15 2015WESTPAC TIME TO BUY A DWELLLING INDEX CRASHES 16.7%
IN JULY. TO LOWEST LEVELS SINCE JUNE 2010
JULY 15 2015RBA SUGGESTS TAX CGT DISCOUNTS &/OR NEGATIVE GEARING
DRIVING TOO MUCH MONEY INTO HOUSING via SUBMISSION TO SENATE
HOUSING AFFORDABILTY INQUIRY
JULY 20 2015APRA ANNOUNCES MORTAGE RISK WEIGHT FLOOR FOR BIG BANKS
OF 25% by June 2016

JULY 23 2015ANZ LIFTS INVESTOR MORTAGE RATES BY +27BPS FIRST OF THE
BIG 4.
JULY 27 2015NAB LIFTS RATES ON ALL INTEREST ONLY HOME LOANS by
+29BPS
JULY 27 2015CHINA STOCK MARKET CRASHES
JULY 31 2015MORTGAGE CHOICE SURVEY FINDS 46% OF POTENTIAL
INVESTORS NO LONGER KEEN TO BUY SINCE MACROPRUDENTIAL MEASURES
VISIBLE
JULY 31 2015RECOGNITION BY INSIDERS “the markets turning”
AUG 1 2015 CORE LOGIC: AUSTRALIAN AGGREGATE RESIDENTIAL DWELLING
VALUES HIT $6.0 TRILLION
AUG 8 2015 8-8 LUCKY DAY FOR CHINESE BUYERS OF REAL ESTATE
AUG 10 2015
YEARS

CORE LOGIC: NATIONAL RENTAL GROWTH LOWEST IN 20

AUG 12 2015
RECORD

ABS PRIVATE SECTOR WAGES GROW SLOWEST ON

AUG 12 2015
RBA: PHILIP LOWE DEPUTY GOVERNOR SPEECH ON LAND
VALUES, REAL WEALTH, INTER-GENERATIONAL WEALTH INEQUALITY
AUG 23 2015

AUSTRALIAN SHARE MARKET CORRECTION, BANKS MAULED

SEP 2 2015 ABS: GDP SHOCKER. LOWEST NOMINAL GDP GROWTH SINCE
1962
SEP 14 2015 LIBSPILL. TURNBULL BECOMES PM
SEP 23 2015 TREASURER SCOTT MORRISON: WANTS TO UNLOCK RETIREE
WEALTH IN HOUSING
SEP 30 2015 MARTIN ARMSTRONG THEORY ON REAL ESTATE SUPER CYCLE
REACHES MAJOR INFLECTION POINT “2015.75”
OCT 6 2015 REIWA ANNOUNCES PERTH DWELLING VALUES AND RENTS HAVE
FALLEN FOR TWO CONSECUTIVE QUARTERS. A TECHNICAL RECESSION. THE
FIRST MAJOR CAPITAL CITY MKT TO DO SO THIS CYCLE.
OCT 8 2015 RBA REVISES HOUSEHOLD DEBT LEVELS UP AFTER UNACCOUNTING
PREVIOUSLY FOR HECS DEBTS & PREEXISTING LIABILITIES TO OVERSEAS BANKS
OF RECENT MIGRANTS
OCT 11 2015

TURNBULL EXPRESSES INTEREST IN LAND VALUE CAPTURE

OCT 13 2015
LARGE REAL ESTATE GROUPS LJ HOOKER AND MCGRATH IN
PREPARTION FOR ASX LISTING (EXITS)
OCT 14 2015
WESTPAC INTEREST RATE HIKES +20BPS FOR ALL
VARIABLE RATE MORTGAGES, OTHER BIG BANKS FOLLOW
OCT 14 2015
184,000

ABS DWELLING COMMENCEMENTS HIT ALL TIME HIGH

OCT 15 2015
VEDA ADVANTAGE REPORTS NOTICEABLE SLOWING OF
MORTGAGE APPLICATIONS DURING AUGUST + SEPTEMBER
OCT 15 2015
WESTPAC – HOUSE PRICE EXPECTATIONS INDEX
CRASHES -15% IN 3 MONTHS. DOWN 25% FROM DEC 2013 PEAK.
OCT 21 2015
OUTGOING TREASURER HOCKEY ANNOUNCES NEGATIVE
GEARING REFORM IS NEEEDED IN FINAL SPEECH