Archive | March, 2010

Canberra

Average annual incomes by postcode

Instead of a blog entry as such this week we thought we’d provide a number of thematic maps highlighting the average income by postcodes in Australia’s capital cities.  This data was released this week by the Australian Tax Office and is based on data for the 2007-08 financial year. The legend is as follows: $35,000 […]

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Business confidence

Buoyant confidence amongst business and consumers likely to support high numbers of housing transactions

New figures released by Westpac and the Australian Chamber of Commerce and Industry show that economic conditions have continued to exceed expectations during 2010.  The Survey of Industrial Trends (click here to see media release) increased by 6.3 points over the March quarter to reach its highest point in more than two years. When viewed […]

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Investor finance

Housing finance data catches everyone off guard.

Whilst there was an expectation that housing finance may ease in January due to the wind back of the first home buyers grant boost and three successive interest rate increases, no one expected to witness such a dramatic fall. Housing finance data showed that on a seasonally adjusted basis total finance commitments fell by -7.9% […]

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A shaky start for new housing supply in 2010

Dwelling approvals data released on the 2nd day of March by the Australian Bureau of Statistics was a stark reminder that the amount of new housing approved for construction remains well out of kilter with Australia’s rapid rate of population growth.   The total number of approvals fell by 7 percent on a seasonally adjusted basis […]

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