Archive | November, 2012

Wages and dwelling price comparison with Sydney market

Why does Sydney have the most expensive housing market?

Sometimes when people try to answer this question, they point out that more expensive property prices are offset by higher wages in Sydney; and this argument is, at least to some extent, true.  Sydney wages are higher, but not to the same extent as property prices compared with other cities.  Based on data released by […]

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Consumer sentiment v dwelling sales

Confidence in Australia’s housing markets is gathering pace

The confidence level amongst Australian consumers (as measured by the Westpac-Melbourne Institute Consumer Sentiment Index) has been on an upwards trend since April this year, and over November the Index recorded a sharp rise to reach the highest level since April 2011.  An easy way to interpret the index is when the reading is over […]

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Monthly number of first home buyer commitments, nataional

First home buyers prefer Western Australia and Queensland

First home buyers have been stepping up their activity in the market over recent months, with the Australian Bureau of Statistics housing finance commitments data showing a 14.3% jump in the number of first time buyer loans over the September quarter of 2012 compared with the September quarter of 2011.  First home buyers now comprise […]

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RP Data-Rismark Home value index v abs house price index

The ins and outs of indices

With the other major index providers now releasing their September quarter data, we can start to see a firm pattern of recovery emerging in Australia’s housing markets.  The ABS released their stratified median series on the 6th of November showing a 0.3% rise in capital city house values over the September quarter, following a 0.6% […]

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Annualised growth

Shares or Property – what’s the better performer?

Ahh, that old chestnut…  It’s a question that is often asked.  What performs better?  Shares or property? On a capital appreciation measure over the past decade, the past half-decade, and over the past three years, residential property has well and truly outperformed shares.  Over the most recent twelve month period shares have outperformed the housing […]

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