Archive | 2012

Major state FHB

First home buyer activity eases but still in line with the long-term average

The January housing finance data was released this week and it showed, as predicted, a slowdown in activity by first home buyers in January 2012.  There are a couple of points to note about these results: The fall in volumes was anticipated given the removal of first home buyer stamp duty concessions in the country’s […]

Read full story Comments { 0 }
GDP value add by sector

Will Australia’s rate of economic growth improve in 2012?

The Australian Bureau of Statistics (ABS) released the National Accounts for the December 2011 quarter this week.  The results continued a downwards quarter-on-quarter trend in weaker economic growth across Australia.  Gross Domestic Product (GDP) is defined as the total market value of goods and services produced in Australia within a given period after deducting the […]

Read full story Comments { 4 }

Dispelling the myths about our new Index methodology

RP Data along with our strategic partners Rismark International released two world firsts this week; the world’s first genuine “daily” house price index suite, which will cover all the major cities and the national market. the world’s first house price indices that track the change in the value of the overall asset class rather than […]

Read full story Comments { 26 }
Percentage of full time jobs located within the capital city

Jobs remain heavily centralised within the capital cities

We have suggested several times on our research blog that, as a nation, Australia needs to see more geographic diversity in the labour market.  A wider geographic distribution of full time employment opportunities would imply a lessening in demand pressures in capital city housing markets and an improvement in regional demand levels where housing affordability […]

Read full story Comments { 3 }
Total housing fin by state

New mortgage commitments setting the scene for improved buying activity

The number of housing finance commitments continued to improve in December, rising 8.7% over the quarter according to the seasonally adjusted series from the ABS released this week.  The adjusted figures for December were the highest since March 2010; a strong sign that a degree of health is returning to the housing market; at least […]

Read full story Comments { 0 }
Top 100 suburbs2

100 suburbs with the highest gross value of home sales

The real estate industry is doing it tough.  Transaction volumes last year were about 13% lower than 2010, 26% lower than 2009 and 33% lower than the recent highs of 2007.  A slightly larger decrease applies to real estate agent commissions, due to the fact that agents are generally paid based on percentage of the […]

Read full story Comments { 1 }
percentage on fixed vers gap btwn variable and fixed

The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?

An interesting fact in the latest Australian Bureau of Statistics Housing Finance data was the continued trend towards fixed rate loans.  The data showed that over the month of November 11.1% of borrowers opted for a fixed rate mortgage; that’s the highest percentage of fixed rate commitments since June 2008.  It’s interesting in the sense […]

Read full story Comments { 8 }
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 […]

Read full story Comments { 12 }
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 […]

Read full story Comments { 1 }
Advanced projects map

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 […]

Read full story Comments { 4 }