A total of 10,380 condominium units were launched in Bangkok in the first quarter of 2017, which was dramatically less than in the fourth quarter of 2016, largely because some developers continued to lack confidence in the market. However, the fourth-quarter figure was unusually high compared with the previous few years because some units were launched as new projects in that period.
December is the holiday season for many people who take time off from work, travel and spend time with family. For many business, it’s the slow time of the year. However, with interest rates rising, home buyers this past December were in a hurry to lock in a mortgage rate. The housing market became so tight in December 2016 that the months of supply fell to 4.1 months, the lowest for a December since 2000. That means that it would only take four months to sell all the existing houses listed for sale at the December sales pace. The December 2016 supply was about one quarter of the peak level of 16.2 months in January 2008, but higher than the trough of 3.5 months in June 2000.
The national auction clearance rate edged up to 74.6 per cent in the week to May 7, from 74 per cent the previous week, according to the latest data from housing market analysts CoreLogic.
Average-income Australians are struggling to make ends meet while paying rent in NSW and Victoria with the demand for rental properties surging by more than 250 percent in some suburbs.
Victoria will spend $300 million building a nine kilometre bypass around suburbs on Melbourne's southeastern edge. Construction on the Mordialloc bypass will start in 2019 and will take traffic from Springvale Rd in Aspendale Gardens to the Dingley Bypass. "We'll build the Mordialloc Bypass to slash congestion and create jobs in Melbourne's southeast," Premier Daniel Andrews said on Tuesday.
