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 […]

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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 […]

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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 […]

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Too many overseas buyers?

How many foreign buyers are there in the Australian residential market? Well the simple answer is:  no one knows. The issue of foreign investment in Australian residential property markets has been thrust into the spotlight over recent months with speculation mounting that foreign buyers are distorting Australian home values due to the their demand and […]

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Growth in housing finance v Capital gains

Falling housing finance commitments hint that capital gains are likely to moderate over the coming months

The value of housing loan commitments taken out in February fell by 3.4 percent over the month in seasonally adjusted terms; the fifth consecutive monthly decline in home lending and the largest monthly fall since May 2008. Investor finance has remained much more resilient.  The value of investor loan commitments fell by just 1.1 percent; […]

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Key stats

Tourism and holiday home markets likely to have hit the bottom of the cycle

Tourist accommodation results, which are based on the results from the on-going quarterly Survey of Tourist Accommodation, were released by the Australian Bureau of Statistics recently.  The ‘small area’ data was released on the same day as the March employment figures were released, so the tourism results largely flew under the radar.  The national figures […]

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Top growth LGA's

Australia's fastest growing regions

Over the 12 months to June 2009 and in raw number terms the states which recorded the greatest growth in population were: New South Wales (119,534), Queensland (116,533), Victoria (116,250) and Western Australia (68,077). In this week’s blog we take a look at the trends in regional population growth analyzing the 25 fastest growing Local […]

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Average annual incomes by postcode

Instead of a blog entry as such this week we thought we’d provide a number of thematic maps highlighting the average income by postcodes in Australia’s capital cities.  This data was released this week by the Australian Tax Office and is based on data for the 2007-08 financial year. The legend is as follows: $35,000 […]

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Business confidence

Buoyant confidence amongst business and consumers likely to support high numbers of housing transactions

New figures released by Westpac and the Australian Chamber of Commerce and Industry show that economic conditions have continued to exceed expectations during 2010.  The Survey of Industrial Trends (click here to see media release) increased by 6.3 points over the March quarter to reach its highest point in more than two years. When viewed […]

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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% […]

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