Australia is going through a baby boom. Over the last year 293,600 babies were born in Australia; an absolute record number of new arrivals. At the same time, Australia is recording the highest level of overseas migration on record. The steep ‘natural increase” (ie births minus deaths) and the rate of overseas migration have combined […]
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 […]
I have spent the last month travelling around Europe, visiting 12 different cities and the thing this has taught me is that Australia’s public transport is not up to scratch. The question must be asked why do Governments continue to build more an more roads (usually toll roads these days) instead of providing real public […]
I’m writing this blog entry from an internet cafe in Riga, Latvia as I am lucky enough to be on a month’s holiday. My previous stop was St Petersburg and my tour guide provided a very interesting insight into the local property market which I thought I’d share with you. Of course these are just […]
Last weekend was another stellar week for Australia’s auction markets. The national weighted average clearance rate was 75 percent (the 14th consecutive week of national clearance rates being above 70 percent) and the total number of auctions across the country is still well above average: there were 1,310 auctions held last week compared with the […]
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 […]
National property values jumped by almost 2 per cent in August in the largest monthly movement since the RP Data-Rismark Home Value Indices began in January 2005 Using the rpdata.com (ASX: RPX) property database, which is Australia’s largest and includes over 170,000 sales during the first eight months of 2009, Australia’s housing recovery solidified during […]
According to the ABS, Australia’s population growth has hit the record books (again) with a net increase of 439,000 new residents over the year to March 2009. To provide some perspective, in raw numbers Australia’s population growth has never been this high. In percentage terms, population growth hasn’t been this high since the baby boom. […]
CoreLogic RP Data is Australia's #1 Property Information Provider. Our blog is maintained by CoreLogic RP Data’s research director, Tim Lawless and Cameron Kusher who is CoreLogic RP Data’s senior research analyst. We hope you find the information we post here useful and we welcome your comments and feedback.
Regards, The Team @ CoreLogic RP Data
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