Archive | February, 2010

Median prices

If you want to own property, get a significant other first

We constantly hear different numbers thrown around about how much it costs to purchase a home compared to incomes, this week we’re going to put some simple science behind it.  The table below details the average weekly earnings of a person in each state as at November 2009 based on data released this week by […]

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Stratified hedonic home value index

Where to from here for interest rates?

The Reserve Bank Board minutes that relate to their meeting in the first week of February make an interesting read if you like to keep up to date on the economic state of play.  The minutes provide a relatively easy to digest synopsis of the factors that are deliberated by the Reserve Bank Board as […]

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Annual change in job numbers full time v part time

Strong employment figures set the scene for higher interest rates

The surprising fall in unemployment figures (national unemployment down from 5.5% to 5.3% in January) has caught almost everybody off guard. The consensus amongst economists prior to the announcement was that Australia’s unemployment rate would rise to 5.6%. The rate of unemployment has fallen now for three straight months on a seasonally adjusted basis after […]

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Number of dwelling approvals, National

Dwelling approvals jump to highest level since 2004 in December

Building approvals data for December has just been released by the Australian Bureau of Statistics which shows a positive upwards trend in the number of homes approved for construction.  On a seasonally adjusted basis dwelling approvals rose 2.2 per cent in December with 14,869 planned dwellings given the green light.  This is the second consecutive […]

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