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There has been quite a bit of conjecture among economists recently over whether or not Australia is in a housing bubble. The argument has been fuelled by the latest Demographia International Housing Affordability Survey,which indicates that out of the 82 major metropolitan cities measured, all with populations over one million, Sydney, Melbourne, Adelaide and Perth all measured among the top 15 least affordable.

The latest data has shown that the housing market across the country has risen ever so slightly over the December quarter:

Nearly all economists seem to agree that interest rates will be put on hold for at least a couple of months following lower than expected inflation figures for the December quarter last year:

With banks still coy about lending on development, I thought I would post some of the major reasons that we see for development deals being declined and some tips to avoiding these pitfalls.