Archive | 2010

Rolling change

US Housing market starting to recover?

According to the latest Core Logic House Price Index the median price across America was recorded at $179,000 at the end of September 2010.  According to the Index, US house prices peaked at $229,000 during September 2005, from this peak median prices fell by as much as -27.9%.   Five years after the peak, the country’s […]

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Qld vs NSW

Australia’s rate of population growth slows during March

Australia’s population grew by 1.8% over the 12 months to March 2010 or by more than 403,000 persons.  Despite the fact that the rate of population growth remains extremely strong, it has fallen well below the recent peak in annual growth recorded at 2.2% over the year to Dec-08 and Mar-09. Note: the dotted line […]

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Auction volumes table

Auction market update

RP Data tracks auction results across all capital cities of the country, typically collecting results for between 85% and 90% of all auctions each week. Through our Agent’s Advice team we contact our vast network of agents to compile the most accurate auction figures possible.  With this level of data collection we can confidently comment […]

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Untitled

Unemployment remains high in agricultural areas and parts of the city fringe

The unemployment rate across Australia has fallen to just 5.1%, however the headline figures hide the fact there are key regions around the country where the number of unemployed remains high.  The map below, which plots the unemployment rate across Australia’s ‘Statistical Regions’ shows a clear trend.  The areas showing unemployment rates above 7% are […]

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Unemployment rate by state

Jobs market approaching full employment

Labour force data released by the Bureau of Statistics yesterday shows the Australian jobs market continues to outperform expectations.  The unemployment rate across the country has fallen to just 5.1% in seasonally adjusted terms.   The falling jobless rate has sparked debate that there is likely to be more upwards pressure on interest rates as […]

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Perth GDP vs property values

Strong GDP figures don't necessarilly translate to strong property value growth

The strength of the Australian economy surprised most of the economic community when GDP figures were released earlier this week.  The seasonally adjusted figures showed the Australian economy grew by 1.2% over the June quarter and 3.3% over the year.  The broad expectation was for a 0.9% increase in the rate of economic expansion. It’s […]

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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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