Monthly home prices According to Commsec’s Chief economist, Australian home prices soared to record highs in August, underpinned by low interest rates, grants to first home owners and growing confidence about the job market. The RP Data-Rismark Hedonic Australian Home Value Index – the largest property database in Australia – lifted by 1.9 per cent [...]
September 29, 2009 Article from: The Australian AUSTRALIA’S housing market is about to take off, the RBA says, and rising prices and interest rates could hit affordability hard. The RBA’s Tony Richards issued the warning at the Committee for Economic Development of Australia’s housing forum today, and said that the nation was still not building [...]
September 30, 2009 Article from: The Australian AUSTRALIAN house prices recorded their biggest jump in four-and-a-half years in August, giving credence to the RBA’s warning that the homes market is about to explode. RP Data’s monthly snapshot out today shows house prices rose 1.9 per cent in August, posting the largest monthly movement since the [...]
1500 homes a year the only way Mackay can keep up Owen Jacques | 23rd September 2009 Real Estate Institute of Queensland Mackay chairman Barry Lynam inspects the new housing development on Golf Links Road at the Northern Beaches, which is just one of the many developments underscoring the region’s population boom. Tony Martin MACKAY [...]
Property is seen as a low-risk investment, guaranteed to yield long-term capital gains, according to a report released this week by the Australian Housing and Urban Research Institute (AHURI). Many private rental investors perceive property as a long-term, safe and stable investment that is low risk and will produce guaranteed returns. The report found that [...]
Colliers International has just released its Spring 2009 Market Indicators Report on Australian Retail. The opening sentence of the Report is: “An increasing number of investors are holding the belief that commercial property markets are near to, or are currently at the bottom of the investment cycle”. For property investors considering an affordable commercial investment [...]
Australia is leading the global recovery in residential property prices, according to research from Knight Frank. The latest Global House Price Index shows house prices are beginning to stabilise across the globe, with an increase in value recorded for the second quarter of 2009 for almost half of all the locations that reported price changes. [...]
RBA Board minutes; Reserve Bank Board members agreed on “a wait and see” policy at the last interest rate meeting, noting the significant improvement in economic conditions in domestic and global economies and allowing market interest rates to price in rate hikes. There are two key factors holding the Reserve Bank from raising interest rates. [...]
Record economic expansion continues. National accounts The Australian economy grew by 0.6 per cent in the June quarter after expanding 0.4 per cent in the March quarter. The economy grew by 0.6 per cent over the year. Over the 2008/09 year the economy grew by 1.0 per cent. The overall economy was held back by [...]
Cashed up superannuation investors could lead Australia into another rampant house price boom. Before the global financial crisis struck late last year, a rule change was made that allowed super savers to use funds as a deposit on an investment property. According to a report in the Daily Telegraph, finance firms have reported an increase [...]
