Archive | National Market RSS feed for this section

Confidence in residential property improves in July

Consumer sentiment data published by Westpac and the Melbourne Institute this month shows there has been a bounce back in confidence amongst Australians during July.  The Index gained 11.1% in July and has remained above 100 points (an index value of 100 is where optimists and pessimist are equally weighted) since June last year.  Since […]

Read full story Comments { 0 }
Rental table

Renting costs remain flat in capitals

RP Data recently released their quarterly Rental Review which showed capital city rental markets have remained surprisingly flat during 2010. The weakness in the rental market was widely anticipated, with more first home buyers becoming active it was logical that some heat would come out of rents (most first home buyers were previously renters). On […]

Read full story Comments { 1 }

Development finance may be starting to flow more freely

Business lending has moved back into the black during May, with business credit growing by 0.4 per cent based on the latest stats issued by the Reserve Bank (see here for details of their release).  Lending to businesses started to show some tentative growth in February this year after consistent month on month declines that […]

Read full story Comments { 0 }
Annual rate of population growth

Housing demand appears to have peaked with population growth slowing across Australia.

Australia’s dramatic rate of population growth appears to have peaked, with the number of overseas migrants tanking in December.  Total population growth was down 18% in the December quarter of 2009 compared with December 2008. Net overseas migrants are down significantly since peaking in the March quarter last year at 98,140.  In the December quarter […]

Read full story Comments { 1 }

Housing bubble? Not here.

It’s nice to see that Jeremy Grantham has rolled into town this week and stirred up the property bubble argument once more.  Mister Grantham, the co founder and chief investment strategist of US based investment management firm Grantham, Mayo, Van Otterloo & Co (or GMO), has been widely quoted during his tour across Australia saying […]

Read full story Comments { 12 }

New South Wales gets it right

The recently announced New South Wales Budget sets out some of the most strategic property related initiatives seen to date, with incentives aimed at improving housing supply and affordability rather than simply throwing money at the symptoms. The most important announcement was that stamp duty, largely viewed as one of the most inequitable and inefficient […]

Read full story Comments { 3 }

The inflation wildcard

Interest rates may be on hold, but any rise in the June quarter inflation figures is likely to see another rate hike. This month the Reserve Bank (RBA) thankfully decided to keep interest rates on hold, and the wide spread speculation is that the cash rate will remain on hold until early next year.  Australia’s […]

Read full story Comments { 0 }

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 }
Time to buy a dwelling index May 2010

Consumers losing confidence in the property market

The Consumer Sentiment Index released by Westpac and the Melbourne Institute this week showed that consumer’s confidence took a nosedive during May.  The Index fell by -7.0% to 108.0 points on a seasonally adjusted basis.  Although the Index remains above 100 points indicating that consumers are generally more optimistic than pessimistic it certainly shows that […]

Read full story Comments { 0 }
Total value of investor finance

ABS Housing finance data shows a further slowdown in March 2010

Housing finance data released this week showed a further slowdown across the sector.  On a seasonally adjusted basis, owner occupier finance commitments for: construction of new dwellings (-7.3%), purchase of new dwellings (-3.2%), purchase of established dwellings (-2.9%) and total owner occupier loans (-3.4%) all recorded falls during March 2010.  Over the year to March […]

Read full story Comments { 0 }