Archive | July, 2010

Quarterly results

CPI and Housing

The Consumer Price Index (CPI) for the June quarter was released this week by the Australian Bureau of Statistics (ABS).  CPI, which measures the level of price inflation in the economy, increased by 0.6% over the June quarter, taking annual headline inflation to 3.1% which; slightly above the Reserve Bank of Australia’s (RBA) target range […]

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Weighted avg clearance rate

Auction clearance rates are an important lead indicator

It has been suggested that reporting on auction clearance rates is a waste of time: we want to dispel this myth once and for all. Our estimates show that during 2009 about 57,500 capital city properties were auctioned. Over the same period there were about 317,000 house and unit sales across the combined capital cities. […]

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Confidence in residential property improves in July

Consumer sentiment data published by Westpac and the Melbourne Institute this month shows there has been a bounce back in confidence amongst Australians during July.  The Index gained 11.1% in July and has remained above 100 points (an index value of 100 is where optimists and pessimist are equally weighted) since June last year.  Since […]

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Rental table

Renting costs remain flat in capitals

RP Data recently released their quarterly Rental Review which showed capital city rental markets have remained surprisingly flat during 2010. The weakness in the rental market was widely anticipated, with more first home buyers becoming active it was logical that some heat would come out of rents (most first home buyers were previously renters). On […]

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Approvals

Development finance may be starting to flow more freely

Business lending has moved back into the black during May, with business credit growing by 0.4 per cent based on the latest stats issued by the Reserve Bank (see here for details of their release).  Lending to businesses started to show some tentative growth in February this year after consistent month on month declines that […]

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