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 […]

Read full story Comments { 2 }

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 […]

Read full story Comments { 0 }

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 […]

Read full story Comments { 13 }
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 […]

Read full story Comments { 1 }
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 […]

Read full story Comments { 0 }
Gross rental yields

Is the tide starting to turn for the Perth housing market?

Well… not yet based on the fact that home values are still falling, but the underlying fundamentals are starting to look much better compared with other capital cities.  Perth home values have recorded the weakest results of any capital city, down 7.1% over the year to April 2011 (which also equates with the peak to […]

Read full story Comments { 7 }
rolling gross value of sales

Same amount of pie, just fewer slices

Times are tough in the real estate sector, transaction volumes are down, listing volumes are up and buyers are scarce.  Not a great combination when you are trying to sell a property. It stands to reason that fewer property transactions mean less commission for real estate agents.  It also means mortgage brokers are establishing less […]

Read full story Comments { 2 }

Why Australia needs to drop the obsession with our capital cities

In last week’s blog Tim highlighted that the Sustainable Australia – Sustainable Communities, A Sustainable Population Strategy for Australia Report released by the Department Sustainability, Environment, Water, Population and Communities failed to meet its objective. Tim specifically noted, ‘The objective of the report is to provide strategic guidance for population growth across Australia.  While the […]

Read full story Comments { 14 }
Reports

The four pronged plan that will profoundly affect property markets around the country

Over the last two weeks there have been four significant strategic announcements from the Federal Government that are likely to have a profound impact on the Australian housing market. The new membership of the National Housing Supply Council were announced and their first meeting will be held in June of this year with the key […]

Read full story Comments { 0 }
Table 10 summary of expenses - housing and community amenities

Housing remains in the too hard basket at budget time

Once again, some of the key issues affecting virtually every Australian have not been addressed in the Federal Budget. Housing supply, and associated with that, housing affordability has again flown under the budget radar.  Is it simply that politicians don’t know how to deal with the issues of land undersupply or is that they don’t […]

Read full story Comments { 2 }