2 stories from 2 sources
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Morgan Stanley Australia CEO Richard Wagner said auction clearance rates and related indicators look "quite alarming," pointing to potential downside pressure in parts of the housing market. He framed the risk as uneven, with weakness likely concentrated in specific pockets rather than across-the-board declines.
9:01 PMBloomberg MarketsSydney and NSW councils are pushing for a $5 billion infrastructure fund and a new funding model to pay for enabling works like roads, water, and community facilities needed to support new housing in outer-metro and regional areas. They argue current arrangements leave developments stalled because infrastructure costs land on councils without reliable, upfront funding.
7:59 PMPropertymarkets NewsSummary
Morgan Stanley Australia CEO Richard Wagner said auction clearance rates and related indicators look "quite alarming," pointing to potential downside pressure in parts of the housing market. He framed the risk as uneven, with weakness likely concentrated in specific pockets rather than across-the-board declines.
Why it matters
Clearance rates drive confidence and comparable sales; when they roll over, financing, valuations, and transaction volumes follow.
Summary
Sydney and NSW councils are pushing for a $5 billion infrastructure fund and a new funding model to pay for enabling works like roads, water, and community facilities needed to support new housing in outer-metro and regional areas. They argue current arrangements leave developments stalled because infrastructure costs land on councils without reliable, upfront funding.
Why it matters
Housing supply will not scale in growth areas unless someone underwrites the infrastructure bill early and at scale.
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