Archive | 2014

Chart 3

Inflation is surprisingly strong and home values (adjusted for inflation) are still below their previous peak

The Australian Bureau of Statistics (ABS) released the Consumer Price Index results for the December 2013 quarter earlier today.  The December results provide a timely summary of consumer price rises up to the end of last year. Headline inflation was recorded at 0.8% over the final quarter of the year and was 2.7% over the […]

Read full story Comments { 0 }

Victoria housing market: Very few sellers in Knox record a loss

The latest version of RP Data’s Pain and Gain report showed that as we get closer to a new peak in dwelling values the proportion of sellers making a profit on sale is increasing. Interestingly some of the best outcomes have been recorded in suburbs around 20 km away from the Melbourne CBD. The report […]

Read full story Comments { 0 }
Where have the Victorian first home buyers gone?

Where have the Victorian first home buyers gone?

One of the most perplexing market trends right now is the substantial drop in first home buyers in Victoria. According to ABS Housing Finance data, only 12.2 per cent of loans were given to first home buyers in November 2013. This compares to a 20 year average of 21.4 per cent and follows October which […]

Read full story Comments { 0 }
Chart 5

Housing finance data shows demand for mortgages continues to climb

Housing finance data for November 2013 was released by the Australian Bureau of Statistics today.  The data indicates that the strong demand for housing finance continued in November however, first home buyer activity slumped to new record lows as they continue to be squeezed out of the market by subsequent purchasers and investors. According to […]

Read full story Comments { 1 }
Unit proportion by city

Dwelling approvals are rebounding quite nicely thank you very much!

Dwelling approvals data for November released by the Australian Bureau of Statistics (ABS) earlier today showed that the Reserve Bank (RBA) are getting their wish.  With interest rates low and mining investment topping out, the RBA were looking to the housing sector to pick up some of the slack and that is exactly what it […]

Read full story Comments { 1 }