ASK WHO FOR?
LENDLEASE Property Chief Kylie Rampa has risen to become one of the most senior women in the industry: Photo The Australian
FROM THE AUSTRALIAN BUSINESS REVIEW JANUARY 6 2020
‘HOUSING SET FOR RECOVERY: LENDLEASE’
PAGE 13 … we summarise here …
AN exclusive that says the Australian property market is set
for an upturn in 2020 … that credit for housing was becoming easier to get with the end of the Royal Commission into misconduct in the financial sector … lending is starting to free up … it hasn’t
come back as far as it needs to … as the banks adjust their processes …
That lower interest rates were a positive for the housing sector
The Federal government’s First Home Loan Deposit Scheme
would add to demand in 2020 …
HOWEVER, this Scheme has been debunked! *
AUCTION clearance rates in the high 70s were now rising into
the low 80s … that there would appear to be some momentum building, but not back to peak market conditions …
That the First Home Buyers Guarantee Scheme would provide a
BOOST to the …
‘GREENFIELDS’ New Housing Market … this scheme is all about
filling the coffers of devilopers and this Greenfields Housing Code is for
homes on tiny lots of 200M2 X 6M wide … a third of the size of traditional land lots in Australia … obviously better than a hole in a wall.
ASK why is it since the Liberal Coalition came to power in 2011 that there has been so much overseas competition and inflated prices for Australian domestic housing?
SEARCH CAAN WEBSITE to learn more!
The market in Melbourne would also be assisted by strong
population growth in the city… well above the national average. What’s new there?
The apartment market in Brisbane was still suffering from
oversupply which needs to be absorbed.
TURN OVER TO PAGE 14 … where the real story emerges …
PROPERTY HIGH-FLYER PUTS EXPERIENCE TO WORK
-the market in Perth was still under pressure with the end
of the mining boom
THAT 2020 would be a year of ‘Rebuilding’ … the office sector
in major capital cities was strong with continued growth in white collar jobs …
Lendlease’s new apartments at Barangaroo have broken property
market records with the sale of a $140M two-storey penthouse at $100,000 per square metre
These apartments were part of a global property market
rather than reflecting domestic demand.
THAT there were strong pools of capital available from OFFSHORE
FOR NEW PROPERTY DEVELOPMENTS IN AUSTRALIA for the right projects.
‘There have been good flows of FOREIGN CAPITAL into the
‘Some of the capital has been investing here for the first time
and trying to build out their portfolios and investments’
She said some of this had come from Japan, where insurance
companies were now allowed to invest offshore.
However, she said ‘she did not see much speculative development
in the Australian property market from foreign investors’ …
NOTHING TO SEE HERE …
What about that proposed for Sydney’s South West in the
Wollondilly and Macarthur? With much Chinese investment?
Dahua and Country Garden, for example? …
LENDLEASE was keen to get involved in more ‘AFFORDABLE
HOUSING’ … obviously for the Whole Cohort of Australians locked out of the domestic housing market by the ‘Hot Money’ from overseas ….
That continues to be AWASH in Australian real estate …
-with good flows of Foreign Capital into the Australian
-the Real Estate Gatekeepers are exempt from Anti-Money
Laundering Laws (Scomo: October 2018)
BE WARNED a nasty precedent has been set by LENDLEASE in
-Londoners were promised affordable, accessible homes for keyworkers but way ahead of them in the queue – two years ahead, in fact – was the international market.
View: Every Flat in a new South London Development has been sold to foreign investors
View: LENDLEASE Sues London Council for Scrapping $3.6bn Housing Deal
AND … It’s not easy being green: Lendlease’s Elephant Park London under Fire for its sustainability claims
It’s not easy being green: Lendlease’s Elephant Park London under fire for its sustainability claims
THE AUSTRALIAN: PAGE 14: HOUSING SET FOR A RECOVERY: LENDLEASE
CAAN Photo: Page 14 The Australian: Housing set for a Recovery: Lendlease