Variable mortgage rate last ten years

Housing affordability likely to move back onto centre stage.

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 […]

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Australia is being let down by poor public transport infrastructure

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 […]

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Is Australian housing really that over priced

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 […]

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Auction results

The real deal with auction results

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 […]

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Property values with interest rates

What affect will higher mortgage rates have on the Australian residential property market?

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 […]

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Median dwelling values and growth rates

Record August growth in home values despite first home buyer demand winding back…

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 (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 […]

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Population growth is booming but housing starts remain at historic lows

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. […]

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