Archive | Housing affordability RSS feed for this section

It's all about the planning

The Queensland State Government announced two new initiatives this week.  The first being plans to develop three new satellite cities capable of housing a total of 250,000 residents at Yarrabilba, Ripley Valley and Greater Flagstone within the Greater Brisbane Region.  The second announcement being that the State Government would offer an increase to the current […]

Read full story Comments { 1 }

Opportunities for first home buyers

A recent report released by the Commonwealth Bank using information compiled by RP Data shows the opportunities for first home buyers are actually more wide spread than most would have thought – first home buyers just need to know where to look and what to look for. Using the average first home buyer loan funding […]

Read full story Comments { 0 }
Supply gap

The Government's take on housing supply

The Federal Government’s National Housing Supply Council released their second State of Supply Report this week.  Probably the most important finding of the 228 page document was the estimate that nationally there is a cumulative undersupply of 178,400 dwellings.  The greatest undersupply in dwellings was found to be within New South Wales (57,600) and Queensland […]

Read full story Comments { 1 }
Investor finance

Housing finance data catches everyone off guard.

Whilst there was an expectation that housing finance may ease in January due to the wind back of the first home buyers grant boost and three successive interest rate increases, no one expected to witness such a dramatic fall. Housing finance data showed that on a seasonally adjusted basis total finance commitments fell by -7.9% […]

Read full story Comments { 3 }

A shaky start for new housing supply in 2010

Dwelling approvals data released on the 2nd day of March by the Australian Bureau of Statistics was a stark reminder that the amount of new housing approved for construction remains well out of kilter with Australia’s rapid rate of population growth.   The total number of approvals fell by 7 percent on a seasonally adjusted basis […]

Read full story Comments { 0 }
Median prices

If you want to own property, get a significant other first

We constantly hear different numbers thrown around about how much it costs to purchase a home compared to incomes, this week we’re going to put some simple science behind it.  The table below details the average weekly earnings of a person in each state as at November 2009 based on data released this week by […]

Read full story Comments { 3 }
Annual change in job numbers full time v part time

Strong employment figures set the scene for higher interest rates

The surprising fall in unemployment figures (national unemployment down from 5.5% to 5.3% in January) has caught almost everybody off guard. The consensus amongst economists prior to the announcement was that Australia’s unemployment rate would rise to 5.6%. The rate of unemployment has fallen now for three straight months on a seasonally adjusted basis after […]

Read full story Comments { 2 }

What to do, what to do about affordable housing and supply?

There was some very interesting commentary this week on the state of the property market.  Firstly, Ric Battellino the Deputy Governer of the Reserve Bank gave a speech on myriad of issues including dwelling supply at the national Housing Supply Conference in Melbourne this week.  His comments agreed with the consensus (yours truly included) that […]

Read full story Comments { 5 }
Variable mortgage rate last ten years

Housing affordability likely to move back onto centre stage.

The decision from the Reserve Bank to raise interest rates by a further 25 basis points has been met with mixed reactions.  First home buyers and low income households are going to feel the pinch the most, as are those mortgage holders that managed to stretch their budgets too thinly without allowing for the time […]

Read full story Comments { 0 }
Property values with interest rates

What affect will higher mortgage rates have on the Australian residential property market?

If financial markets are anything to go by we are likely to see the cash rate lifted in both November and December bringing the official cash rate up to 3.75 percent and the average variable mortgage rate to around 6.5 percent (see the cash rate futures yield curve here).  Economists seem to be aligned with the […]

Read full story Comments { 1 }