Archive | January, 2012

Rate of decline from peak

How has the rate of decline in the Aussie housing market measured against the US, UK and NZ?

Based on CoreLogic’s House Price Index (HPI), it’s been 69 months since the US housing market peaked.  Since the national index for ‘single family combined homes’ reached its high point back in April 2006, US home prices have fallen by 32.8%. The first three years of US home prices coming down could be characterized as […]

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non-refi vals chart

Finance approvals increase along with values in November…better times ahead?

The volume of housing finance commitments to owner occupiers increased for the eighth consecutive month in November, up 1.4% over the month and 4.6% over the year.  Of course, from a housing market perspective it is important to separate owner occupier commitments for refinances and non-refinances.  Refinances create business for banks and mortgage brokers whereas […]

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Will the resources sector continue to ‘boom’?

Well, the experts certainly think so.  If you have any interest in the resources sector, arguably the best source for information is the Bureau of Resources and Energy Economics (BREE).  Their most recent forecast for the 2011/12 financial year is a 15% increase in the value of Australian energy minerals and metals over the previous […]

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