据View网站7月10日报道，对澳洲房市来说，这是有趣的一周——尽管经济信号喜忧 参半，但全国房价 依旧坚挺。 澳联储7月决定将官方利率维持在3.85%不变,这让本 就备受压力的借款者感到失望。 澳联储董事会在声明中表示："我们可以再等待一些信息，以确认通胀率确实在以 可持续的方式朝着 2.5%的目标迈进。" 但据view.com.au报道，本次暂停加息对市场降温的作用有限，因为买家需求依旧 强劲，而房源供应有 限，这使得全澳大部分地区的房价保持坚挺。 在这种背景之下，加上有人猜测降息只会进一步推高房价，工资增长和借贷能力仍 是潜在购房者的关 键考虑因素。 （图片来源：View网站） *年收入10万澳元能买到什么房？* 澳洲统计局的最新数据显示，澳洲全职工作者的平均年薪刚刚超过10万澳元。 Canstar的模型显示，考虑到当前的利率环境以及8月预期降息的影响，这个薪资水 平能买到什么房？ 贷款利率为5.75%时 目前，一名年入10万澳元的单身人士，相比今年年初能多贷到2.1万澳元。 | | | | Impact of rate cuts on borrowing power | | | | | --- | - ...

Financial Data and Key Metrics Changes - American Coastal Insurance reported a net income of $21.3 million, with core income at $20.7 million, a decrease of $3.7 million year-over-year due to increased policy acquisition costs [10] - The company achieved a combined ratio of 65%, aligning with its target, while the non-GAAP underlying combined ratio was 68.2% [10] - Cash and investments grew by 5.2% to $540.8 million, reflecting a strong liquidity position [11] - Stockholders' equity increased by 10.7% to $260.9 million, driven by first-quarter income, with book value per share rising to $5.4, a 10.4% increase from year-end 2024 [12] Business Line Data and Key Metrics Changes - Policies in force grew approximately 6% since year-end, with gross premiums written increasing by over 7% compared to the same period last year [4][5] - The underwriting environment for newer, well-maintained, low-rise, garden-style condos in Florida remains healthy and competitive, with the company passing on savings to policyholders through lower rates [5] Market Data and Key Metrics Changes - The Florida condominium market is facing challenges related to declining affordability and resale values, but these issues are not significantly impacting the company's business [5] - The company is focused on the inland Florida market, which is less affected by the current media attention on high-rise waterfront condos [5] Company Strategy and Development Direction - The company is increasing its catastrophe reinsurance program, with an estimated first event limit expected to rise approximately 16% year-over-year to about $1.35 billion [6] - The company is cautiously expanding into the apartment building market, averaging about 15 policies per month, with an average premium of over $100,000 [30][31] - The company aims to maintain a selective approach in the competitive apartment market while ensuring underwriting returns similar to those achieved in the condo sector [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong reserve position and the effectiveness of its growth strategy, despite increased policy acquisition costs [10][11] - The management team highlighted the importance of maintaining rate adequacy in a competitive market, particularly in areas like Tri County [21] - The company is optimistic about its growth initiatives for 2025, supported by a strong balance sheet and favorable underwriting conditions [12] Other Important Information - The company is increasing its internal quota share from 30% to 45%, which will enhance its balance sheet and capital flexibility [40] - A profit-sharing component was added to the Amrisk management fee agreement, which is expected to benefit both parties [41] Q&A Session Summary Question: Can you explain the rate trend chart on page nine? - The average account rate has been stable, with a decrease from record high levels, currently at 97 cents, which is considered healthy relative to historical premiums [20] Question: What has changed regarding the third event cover in your reinsurance program? - The reinstatement exposure has been reduced from approximately $13 million last year to about $5 million this year, indicating a significant improvement [24] Question: How is the apartment initiative progressing? - The company has averaged about 15 policies per month in the apartment initiative, with premiums aligning with targets, although the market is competitive [30][34] Question: What are the plans for quota sharing going forward? - The external quota share will be 15% from June 1, 2025, to May 31, 2026, with potential for further reductions depending on reinsurance costs and availability [38] Question: Can you discuss the changes to the Amrisk management fee? - The management fee has increased by 1% of premium written, with most of the increase passed on to producers to maintain revenue levels in a softening market [42]

Core Insights - The recovery from market lows continued in Q1 2025, with 25 contracts signed under the law of obligation, up from 16 in Q1 2024, driven by projects like Iseära phase II and Regati [1][3][31] - The average weekly sales ratio remained stable at around 1.9%, exceeding 2.5% in March, compared to a long-term average of 1.5–2.0% [2] - The company reported a net loss of EUR 705 thousand in Q1 2025, attributed to low sales volume and lower-than-average profitability, with revenue of EUR 1,931 thousand [4][11] Financial Performance - Cash and cash equivalents increased by EUR 4,011 thousand to EUR 9,916 thousand, while total assets grew by EUR 10,512 thousand to EUR 88,810 thousand [5] - Total borrowings rose by EUR 10,427 thousand to EUR 57,684 thousand, with EUR 6,808 thousand in bank loans disbursed for project financing [6][7] - The company redeemed EUR 2,000 thousand in bonds and reduced current borrowings by EUR 4,367 thousand to EUR 2,039 thousand [7] Project Developments - No new construction completions occurred in Q1 2025, with only 5 homes and 1 commercial space handed over from previous developments [4] - The company has 104 contracts for homes scheduled for completion in 2025, with a total revenue value of EUR 40.7 million [3][31] - A public offering of green bonds in March 2025 was oversubscribed by 2.1 times, raising EUR 6,200 thousand [16] Market Environment - The 6-month Euribor rate fell to 2.39% by the end of Q1 2025, continuing a downward trend [20] - Inflation in Estonia was 4.4% in Q1 2025, higher than the euro area average, with forecasts suggesting inflation could reach 6.6% for the year [22] - The number of apartment transactions in Tallinn decreased by 15.8% from the previous quarter but showed an 18.3% increase year-on-year [24] Future Outlook - The company expects continued recovery in demand for residential real estate, with potential revenue of up to EUR 75 million from 194 residential and commercial units in 2025 [27][28] - Most planned revenue and profit for 2025 will be generated in the second half of the year, with ongoing efforts in pre-sales and new project developments [29][32] - The company is actively seeking new sites and negotiating acquisitions to expand its development portfolio [33]

墨尔本触底反弹 据Domain报道， 墨尔本的房价重新开始上涨，这对原本希望趁市场低迷入市的潜在购房者而言，无疑带来了新的压力。 根据周四发布的最新《Domain房价报告》， 今年第一季度，墨尔本的独立屋中位价已达1,035,887澳元，在过去六个月内上涨了约1.6万澳元。 尽管相比一年前仍便宜了约1.4万澳元， 但利率的下降可能意味着市场已经触底反弹。 | | | | | Quarterly | Annual | | --- | --- | --- | --- | --- | --- | | Capital City | Mar-25 | Dec-24 | Mar-24 | change | change | | Sydney | $823,467 | $820,557 | $808,617 | 0.4% | 1.8% | | Melbourne | $550,022 | $568,100 | $570,765 | -3.2% | -3.6% | | Brisbane | $657,645 | $644,390 | $566,099 | 2.1% | 16.2% | | Adelaide | $557,95 ...