Archive | 2011

Change in vals vs property vals

How much more finance for housing is there likely to be over the next 12 months?

The Australian Bureau of Statistics (ABS) released its monthly housing finance numbers for October this week which provided some interesting reading.  Broadly speaking, the results are split by investment finance commitments and owner occupier commitments.  For the owner occupier commitments the ABS publishes data which shows both the volume and value whereas for investment they […]

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Dwelling investment

Property values down, retail struggling, Europe in debt, but our economy continues to grow

It seems there has been a raft of bad news of late with property values falling, limited growth in housing finance, lower levels of consumer confidence, limited retail activity, low levels of housing construction and Europe in the midst of a debt crisis.  However, despite all the bad news stories, the Australian Economy has continued […]

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Capital city suburbs with a median house value under $300k

154 capital city suburbs with a median house value under $300,000

There are plenty of affordable housing options across Australia’s capital cities; in fact there are 154 suburbs where the median value of a house is less than $300,000.   Adelaide suburbs comprise the majority of these ‘uber’ affordable locations, comprising 28% of the list.  Brisbane suburbs rank a close second at 24% of all capital city […]

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Net permanent and long term arrivals, Australia

Housing demand set to increase on the back of higher population growth

22,771,649. That’s the estimated total of Australia’s population.  According to the Australian Bureau of Statistics there is one birth every 1 minute and 46 seconds and an Australian dies every 3 minutes and 40 seconds.  Every 2 minutes and 44 seconds there is another international migrant crossing the Australian border.  Overall the Australian population increases […]

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Clearance rates cap cities v melb v syd

When is an auction not an auction?

With auction clearance rates consistently tracking between 45% and 50% since April this year it begs the question, why take a property to auction when you have less than a 50% chance of selling via this process? Melbourne, Australia’s largest auction market, has typically shown a slightly higher clearance rate than other cities, however even […]

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State-by-state table

More home loans for less

The Australian Bureau of Statistics (ABS) released housing finance data for the month of September this week and in this week’s blog post we are going to dissect what is happening with average loan amount being committed to by borrowers. On an annual basis, the average loan size fell by -0.6% over the 12 months […]

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Approvals WA

Low dwelling approvals are bad news for housing supply

After a brief surge in August, the number of dwellings approved for construction in September fell by 13.6% (August approvals were up by a revised 10.7%) – a result that was primarily influenced by a large fall across the ‘non-house’ category which is comprised of mostly apartments and semi-attached dwellings such as terrace homes and […]

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Annual change in Consumer Price Index by expenditure class, Seasonally Adjusted

Housing costs show the largest quarterly rise in the September CPI

Its worthwhile having a closer peek at the ‘new look’ CPI figures just released by the ABS- particularly, how have the components of the housing category contributed to price rises. The September quarter data was the first time the 16th series of CPI has been publicly released (the 15th series was phased out in June).  […]

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Distribution of Local Government Area's

The ups and downs of the multi-speed economy

We’ve commented quite a few times recently on how the low volume of homes being transacted across the country is creating tough conditions across the real estate sector.  Transactions volumes nationally are running about 11% below the five year average.  The good news is that national sales volumes have shown some subtle improvements over the […]

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Median land price

Who’s got the biggest?

When it comes to land area, size matters.  Or at least it used to.  More recently, with affordability pressures from a buyer’s perspective, yield pressures from a development perspective and urban management from a policy perspective, we have seen an extended trend towards smaller blocks of land across each of the capital cities. The trends […]

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