‘Interest rates are the primary driver of the housing market’
By Reporter
09 June 2021
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The housing market is pegged to interest rates rather than to a calendar cycle, The Property Nerds have revealed, noting that while unit prices follow a more cyclical process, houses do not.
“All roads lead to interest rates, which ultimately then is the primary driver of the housing market,” one-half of The Property Nerds’ duo, Kent Lardner, told Smart Property Investment.
Mr Lardner’s business partner, Arjun Paliwal, agreed.
To prove his theory, Mr Paliwal recently reviewed property growth trends over the last 25 years, calling into question the prevalent belief that property booms every eight to 10 years.
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Musings on the state of franchising, stamp duty struggles and the raising of mortgage rates at a major bank: Here are the biggest property stories this week.
Pindan sinks, property owners advised of next steps
By Maja Garaca Djurdjevic
20 May 2021
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1 minute read
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Property owners affected by the sudden closure of the Pindan Group are being urged to immediately contact their home indemnity insurance provider.
Following a failed attempt to bring in a new investor, the Pindan Group entered administration earlier this week, leaving some 1,400 creditors $80 million out of pocket.
Of the total, the group of creditors includes some 500 subcontractors and 400 trade suppliers, with many expected to fall by the wayside given the sheer volume of claims.
Samuel Freeman of Ernst and Young was appointed as liquidator of Western Australia’s construction giant Pindan on Tuesday.