Listings graph, Capitals

How many homes are available for sale around Australia?

Well the question may seem straight forward but the answer is anything but. Counting the number of homes being advertised for sale accurately is a pretty complex process. Properties around Australia are advertised across multiple channels including a variety of web portals, newspapers and free press. Homes are even advertised for sale on ebay or […]

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The rate hike we didn’t have

The interest rate ‘hold’ decision earlier this week marks nine straight months of flat rates; the most stable interest rate environment for five years. Anyone would be forgiven to raise an eyebrow at that; the spectre of an interest rate rise has been lurking since at least March when the core inflation reading bottomed out […]

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Will higher interest rates affect the housing market?

With another interest rate rise seemingly around the corner thanks to the high CPI reading for June, it is worthwhile looking back to see how interest rate rises over the recent past have affected the housing market.  The Reserve Bank started lifting interest rates back in October 2009; prior to that, the average standard variable […]

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Annual change in CPI over time

For the economic prosperity and welfare of the people of Australia

On July 27th at 11:30am a very large number of Australians will be flocking to the Australian Bureau of Statistics web site to check out the June quarter inflation numbers.  Maybe I’m just growing old and boring, but I can’t recall a time when the quarterly CPI figure had been so eagerly anticipated. The reason […]

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Annual change in qtrly housing finance commits

Fixed vs Variable… the vast majority prefer to move with the market.

Over the past few months there has been a great deal of speculation about interest rates and whether we are likely to see another rate rise from the Reserve Bank any time soon.  Prior to the most recent RBA meeting, most economists were tipping an August rate rise.  The first Tuesday of August is when […]

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Economic insights from the Melbourne Institute’s 2011 Economic and Social Outlook Conference

Last week I attended the Melbourne Institute’s 2011 Economic and Social Outlook Conference.  The theme of the conference was, ‘Growth Challenge – Riding the Resources Boom to Lasting Prosperity’.  The conference was one of the best all-round economic events I have attended with a number of absolute top notch speakers involved.  Overall, it was very […]

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Act now or wait until later… regardless if you are buying or selling you need to be across changes to stamp duty and state level Government grants.

Changes to stamp duty and state level grants will affect the timing of when you buy and sell property.  Make sure you are completely across the changes. Stamp duty regulations and availability of grants related to property purchases changed across many of the states in the recently announced budgets, with the changes potentially having a […]

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Population growth by state

Population growth back at 2005 levels

The Australian Bureau of Statistics (ABS) released the quarterly Demographic Statistics update for December 2010 this week which tracks changes in population.  Over the 12 months to December 2010, Australia’s population increased by 1.5 percent, its slowest rate of population growth since the 12 months to December 2005.  Despite the lower rate of growth, Australia’s […]

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Wisest place for savings

Aussie consumers keep their foot on the brake

Westpac and the Melbourne Institute released their monthly measure of consumer sentiment this week and it showed that confidence amongst consumers continues to wane.  The consumer sentiment index fell to 101.2 points in June 2011, its lowest level since June 2009. Despite the fall in sentiment, the index remains above 100 points which indicates that […]

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