First home buyers peaked in June
September 30, 2009
New figures show that over 153,000 Australians had taken advantage of the First Home Owners Boost to the end of August, although the number began declining from June. NSW continued to lead the way, with over 53,000 applicants taking up the Boost - over one third... Read more »
A decade of strong growth in Melbourne’s property sector
September 30, 2009
The median price of a house in Melbourne has increased by 92 per cent in a decade, from $230,000 in 1999 to $441,875 in the June quarter this year. Over that time the city’s most expensive suburbs have recorded even stronger growth, with the most expensive... Read more »
Home prices surge to record highs
September 30, 2009
Australian 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. Australia’s largest housing database showed the recovery has been swift, with strong capital... Read more »
RBA outlines latest interest rate position
September 28, 2009
RBA Governor Glenn Stevens has outlined the central bank’s current view on the interest rate outlook, with further indications that the “emergency setting” will not be in place for too much longer. He added that Australia has been extremely lucky... Read more »
New home sales come roaring back
September 24, 2009
The number of new homes sold jumped in August after a flat mid-2009, according to new research from the Housing Industry Association (HIA). HIA Chief Economist, Dr Harley Dale, said that a fresh wave of first time buyer interest helped spur significant growth in... Read more »
Consumer finances improving, shift in housing behaviour seen by researchers
September 23, 2009
Australian household finances are improving, and consumer behaviour in the property sector has shifted in two states, according to the latest national research from the Melbourne Institute. The Household Financial Conditions Index increased by 7.4 per cent compared... Read more »
Queensland property proves good long-term capital investment
September 23, 2009
A new report from the Real Estate Institute of Queensland (REIQ) has shown property in the sunshine state offers strong long-term capital growth with many suburbs recording median price increases of more than 100 per cent over the past five years. REIQ managing... Read more »
NSW property market showing signs of life
September 23, 2009
The latest property market snapshot from the Real Estate Institute of New South Wales shows signs of increasing prices in the three key centres of Sydney, Newcastle and Wollongong. “There is definitely some good news coming through with respect to property... Read more »
Reserve Bank content to wait on further data
September 18, 2009
The minutes of the latest RBA Board Meeting have again avoided discussion of the possible timing of future cash rate movements but did show the Reserve Bank becoming more confident about the economy. Recent economic data has ensured interest rate talk has dominated... Read more »
Small businesses see reasons to confident
September 18, 2009
The latest Sensis Business survey, released today, has indicated small businesses are more confident than they have been for over a decade. The survey also showed the tax break, which offers small business an opportunity to receive a 50 per cent tax deduction on... Read more »