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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Canberra

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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A shaky start for new housing supply in 2010

Dwelling approvals data released on the 2nd day of March by the Australian Bureau of Statistics was a stark reminder that the amount of new housing approved for construction remains well out of kilter with Australia’s rapid rate of population growth.   The total number of approvals fell by 7 percent on a seasonally adjusted basis […]

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Median prices

If you want to own property, get a significant other first

We constantly hear different numbers thrown around about how much it costs to purchase a home compared to incomes, this week we’re going to put some simple science behind it.  The table below details the average weekly earnings of a person in each state as at November 2009 based on data released this week by […]

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Stratified hedonic home value index

Where to from here for interest rates?

The Reserve Bank Board minutes that relate to their meeting in the first week of February make an interesting read if you like to keep up to date on the economic state of play.  The minutes provide a relatively easy to digest synopsis of the factors that are deliberated by the Reserve Bank Board as […]

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Annual change in job numbers full time v part time

Strong employment figures set the scene for higher interest rates

The surprising fall in unemployment figures (national unemployment down from 5.5% to 5.3% in January) has caught almost everybody off guard. The consensus amongst economists prior to the announcement was that Australia’s unemployment rate would rise to 5.6%. The rate of unemployment has fallen now for three straight months on a seasonally adjusted basis after […]

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