NSW rental vacancies on the up but it remains an investors market
December 22, 2009
Sydney’s rental vacancy rate has risen to its highest level in more than 2 years, while Newcastle’s vacancy rate remained flat, according to the latest data released by the REINSW. The percentage of available properties in Sydney now stands at 1.6%,... Read more »
Weekend property market wrap
December 22, 2009
The last auction weekend for the year told a familiar story, with Melbourne figures leading the way, Sydney data proving solid but unspectacular and Brisbane results lagging behind on short auction supply. The Melbourne property sector has seen a remarkable turnaround... Read more »
RBA may ease up on rate hikes
December 22, 2009
The Reserve Bank of Australia (RBA) is now seen as less likely to hike early next year thanks to a moderate GDP figure and rate rises above the official move by some of the major banks. Australia’s central bank released the minutes of their December Board... Read more »
RHG at risk of default
December 21, 2009
The RHG Group - the remnants of the Rams Home Loans Group that was sold to Westpac in 2007* - is involved in a number of court actions with one of its funders which could see them default on around half of its funding portfolio. The current balance of the facility... Read more »
Housing starts surge in September quarter
December 21, 2009
The much needed recovery in new home building got off to an encouraging start in the September 2009 quarter, according to HIA, Australia’s biggest residential building association. Australian Bureau of Statistics figures showed that housing starts increased... Read more »
REIV reports on remarkable year for Melbourne property
December 21, 2009
The Real Estate Institute of Victoria has taken a look back at the year that was 2009, excited by the strong year after an inauspicious start. Melbourne has led the way amongst Australia’s capitals when it comes to the property sector this year, with median... Read more »
Queensland unit and townhouse market tops expectations
December 21, 2009
Queensland’s unit and townhouse market has risen above the negative sentiments that prevailed during 2009, according to new research. The Real Estate Institute of Queensland (REIQ) September quarter median unit and townhouse report shows prices have held... Read more »
ASIC provides guidance for licensees regarding new consumer credit bill
December 21, 2009
The Australian Securities and Investments Commission (ASIC) has released further regulatory guidance on the implementation of the National Consumer Credit Protection Act. The scheme is set to replace the present state-based system of consumer credit protection,... Read more »
Mortgage industry in position to grow, non-banks to make a comeback: Deloitte
December 21, 2009
The annual Deloitte Australian Mortgage Report: 2010 positioning for opportunity has revealed strong growth prospects for the mortgage sector in 2010. The researchers noted that the industry had systemically changed in Australia, but saw numerous opportunities... Read more »
Financial conditions improve for Australian households
December 21, 2009
A Melbourne Institute study has found that financial conditions improved for the average Australian household during the past quarter, continuing to add to gains from earlier in the year. The Melbourne Institute Household Financial Conditions Index, which shows... Read more »