Housing bubble potential worries RBA Governor
July 28, 2009
The Governor of Australia’s central bank has warned of a possible housing bubble being created by a limited supply of housing and low interest rates. The RBA has cut interest rates to levels not seen for over forty years and Governor Glenn Stevens’... Read more »
Business confidence surges to pre-crash levels
July 28, 2009
The NAB Business Confidence Index soared 20 points in the June quarter to retrace back to levels not seen since the crash caused by the collapse of Lehman Brothers. The survey also discovered that business conditions were improving, although pessimists still outweighed... Read more »
Melbourne property sector robust despite recent auction drop-off
July 28, 2009
The last four weeks has seen the number of auctions held in the Melbourne residential market drop, which is having an impact on demand and the prices being achieved, according to the Real Estate Institute of Victoria. Over the past month, there has been 1,396 auctions... Read more »
Inflation data implies investor confidence: REIA
July 26, 2009
The June 2009 quarter Consumer Price Index (CPI) figures released last week highlight increased investor activity in the property market over the past three months and are consistent with recent positive research in the sector, the Real Estate Institute of Australia... Read more »
Population growth bodes well for property sector
July 26, 2009
The latest round of population figures for Australia from the Australian Bureau of Statistics (ABS) suggests we are in the midst of yet another population boom that could have implications for the housing sector. In the RP Data weekly Property Pulse, research analyst... Read more »
Small businesses increasingly frustrated with banks
July 26, 2009
Discontent with banks is growing amongst small and medium businesses, who cite a high cost of credit and a lack of dedicated managers to attend to their needs as their major concerns, according to a new report. Banking research firm East & Partners discovered... Read more »
Land prices point to a strong property market
July 24, 2009
The cost of land is increasing nationally, according to the latest residential land report from HIA, Australia’s largest building association, and property information provider RP Data. HIA Chief Economist, Dr Harley Dale, said that an increase in median... Read more »
House prices hold up across the nation
July 23, 2009
Property prices across Australia have turned out solid gains again in the final quarter of the 2008/09 financial year, resisting the decline that many analysts predicted. House prices rose by an average of 3.64 per cent across in Australia in the June quarter,... Read more »
First home buyers flood Victorian market
July 23, 2009
For the first time in history more than 5000 Victorians bought their first home in just one month, spurred on by record low interest rates and grants from both state and federal governments. Visiting the boom suburb of Mernda today with Acting Federal Housing Minister... Read more »
RBA sees end to easing cycle in sight
July 21, 2009
The Reserve Bank of Australia yesterday released the minutes of their July Board meeting, indicating that, despite having further ammunition to stimulate growth via interest rates, they are unlikely to use it. They do, however, retain an easing bias. The central... Read more »