Archive | 2010

table

Housing supply to remain weak in 2011

Dwelling commencements across the country have decreased significantly over the last quarter to September 2010. The latest figures released by the ABS show a -13.2% decline (seasonally adjusted)  in the number of dwelling commencements across the country over the September quarter however, they are recorded 12.4% higher than the same time last year. Housing supply, […]

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Overseas arrivals SMALL

Fewer long term visitors likely to result in less rental demand for student accommodation

Overseas arrival numbers to Australia have continued to decrease, continuing the downwards trend in the rate of population growth that first became apparent in early 2009.  In the first quarter of 2009, total permanent and long term arrival numbers averaged about 71,000 movements/month.  The October figures released this week show the monthly arrival figure has […]

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State by state

Building approvals rebound strongly during October 2010 – but not across the board

The Australian Bureau of Statistics released their monthly Building Approvals data for October 2010 this week and on a national basis the data was extremely positive.  During October 2010, total building approvals increased by 9.3% due to a surge in private sector house approvals which increased by 23.6%.  Private sector unit approvals also increased however, […]

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Melbourne small

House values across the capital cities

With the release of the HIA-CBA Affordability Index this week there has been plenty of focus on the fact that Melbourne has overtaken Sydney as the country’s least affordable capital city property market.  Also with the residential property market recording value growth coming to a halt, there has been plenty of commentary around the lack […]

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Full time earning

Labour prices and weekly earnings

The Australian Bureau of Statistics released their Labour Price Index for the September 2010 quarter and their Average Weekly Earnings for the three months to August 2010 this week.  The results provide valuable insight into wage growth across the country. During the quarter, labour prices increased by 1.1% and over the year they were up […]

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Full vs part time employment growth

Unemployment increases but read beyond the headlines

The unemployment data released by the Australian Bureau of Statistics this week showed that on a seasonally adjusted basis the national unemployment rate increased from 5.1% in September to 5.4% in October 2010.  Importantly, this result does not tell the whole story. National unemployment rates Oct-82 to Oct-10 Source: rpdata.com, ABS The number of unemployed […]

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Yield data

Evidence growing that rents and yield are on the improve

With property value growth flat over the September quarter and the market transitioning from a period of strong growth to relatively flat conditions, we have long expected that rental market activity would start to pick up. Data included within the RP Data-Rismark Home Value Index shows that the anticipated improvements in the rental market are […]

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TOM Units

Buyers gaining leverage over sellers

RP Data have been suggesting that the Australian housing market is likely to show, at best, flat growth in property values over the remainder of 2010 which will in-turn result in increasing levels of vendor discounting and a longer time of sale. With today’s release of the September RP Data-Rismark Home Value Index we also […]

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Acution volumes in Melbourne

Melbourne’s Super Saturday

On a national basis, the number of auctions taking place has remained very buoyant during spring and is above average in all capital cities.  Meanwhile, auction clearance rates have been trending lower since May of this year, it’s no coincidence that nationally, property value growth has begun to also taper since May of this year. […]

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Percentage by state

First home buyers most attracted to jobs rather than affordability

The housing finance data released by the Australian Bureau of Statistics on Oct 11 shows that first home buyer demand has remained weak.  During August the number of home loans taken by first time buyers was just 7,460.  Volumes hadn’t been that low since Feb 2005.  As a proportion of the overall owner occupier market, […]

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