Archive | August, 2010

New home sales US

US housing markets in stark contrast to Australia's

The latest news to come out of the US housing market is that new home sale volumes have slumped to levels not seen since 1963 and established home sales have fallen to a decade low.  The new home sales figures are considered to be a leading indicator for established home sales market, suggesting the US […]

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Finance commitments renovation

Renovation activity likely to increase

With the rate of property value growth slowing, sales volumes falling and construction of new housing continuing to soften we wouldn’t be surprised to see an increase in the number of homes undergoing renovation over the coming months.  Renovation activity comes in many shapes and sizes and includes; ‘major’ renovations where owners add additional rooms […]

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Rolling quarterly change

Are interest rates too high?

A whole raft of data has been released this week by the Australian Bureau of Statistics (ABS) and most of it has not been particularly positive.  These figures pose the question, are interest rates too high? Unemployment data released this week showed that whilst unemployment remains at low levels it increased from 5.1% in June […]

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RP Data Rismark v ABS

Hedonic regression v Stratified median

The end of the quarter is always interesting because three major residential market indicators are released:  the ABS House Price Index, APM’s composition adjusted median house prices, and the RP Data-Rismark Hedonic Home Value Indices.  The results are generally similar, particularly in longer trend terms, however at times of market transition (like now) the Hedonic […]

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