Demand for loans edges lower in September
October 30, 2009
Total credit provided to the private sector by financial intermediaries fell by 0.2 per cent over September 2009, following an increase of 0.2 per cent over August in a sign that demand for loans may not be as strong as expected. Over the year to September, total... Read more »
Housing development plans welcomed by industry
October 30, 2009
The government’s plan for the future development of Australia’s cities has been welcomed by Australia’s largest residential building organisation, the Housing Industry Association, as Australia struggles with a housing shortage. “Australia... Read more »
Tanner plays down 50bp hike speculation
October 29, 2009
Federal Finance Minister Lindsay Tanner has suggested that rumours of a 50 basis-point hike by the RBA next week may be premature in an interview today (Thursday). However, he added that the ‘emergency’ cash rate was not likely to be around for too... Read more »
New home sales slip in September
October 28, 2009
New home sales fell by 4.5 per cent in September 2009 following a strong surge in August, according to the latest Housing Industry Association (HIA) survey of Australia’s largest builders. “We saw a late burst of sales from first home buyers in August... Read more »
Business confidence at seven-year high
October 27, 2009
Business sentiment surged to a seven-year high during the September quarter, well off lows reached earlier in the year as businesses become more bullish about the economic prospects. Current business trading conditions also improved, albeit moderately. The NAB... Read more »
Weekend property market wrap: Melbourne leads strong results
October 27, 2009
Fears of a weaker auction performance last weekend have not been realised, with property buyers happy to snap up the increased supply. Auction numbers have been relatively thin this year, particularly early in the year as caution reigned. However, last weekend... Read more »
Swan calls for more homes to ensure economic stability
October 26, 2009
Treasurer Wayne Swan has echoed the calls of the Reserve Bank in saying that the stability of the housing sector will be dependant on growth in the supply of housing. Speaking after meeting state and territory treasurers in Canberra on Friday, Mr Swan noted that... Read more »
Researcher tips boom in 10 regional centres
October 26, 2009
A real estate researcher has outlined ten regional areas set to enjoy boomtime conditions in the coming years as the economy expands. Real estate forecaster Terry Ryder, of property website www.hotspotting.com.au, believes resources and tourism will be two of the... Read more »
Land prices on an upward trajectory
October 26, 2009
The price of land is increasing nationally with Sydney still the most expensive market, according to the latest residential land report from the Housing Industry Association (HIA) and rpdata.com. The HIA-rpdata.com Residential Land Report, released today (October... Read more »
Market conditions provide boost to Queensland property yields
October 22, 2009
Steady rents and an easing of property price growth in some areas have resulted in a number of postcodes recording improved gross rental yields over the June quarter. According to the Real Estate Institute of Queensland (REIQ) June quarter gross rental yield report... Read more »