October 2009
Retreat in Australian home sales serves as reality check
October 31, 2009 by Editor · Leave a Comment
New home sales fell by 4.5% in September after surging over 11% to 19-month highs in August. Detached homes fell by 4.3% with apartments down 6%.
What does it mean?
NAB Won’t Guarantee Keeping With RBA
October 30, 2009 by Editor · Leave a Comment
National Australia Bank Ltd (NAB) chief executive Cameron Clyne says he can’t guarantee future increases in lending rates won’t exceed those made by the Reserve Bank of Australia (RBA).
“The commitment we give is that we’ll be competitive,” Mr Clyne said on Wednesday, after revealing the bank’s full year profit tumbled by 42.9 per cent.
Rival lender ANZ Banking Group recently promised not to slug its 800,000 home borrowers with variable interest rate rises above official moves by the RBA. (more…)
Real Estate Development Industry Welcomes PM’s Cities Announcement
October 30, 2009 by Editor · Leave a Comment
The Prime Minister’s announcement that the Commonwealth would take a leadership role in the future planning of Australia’s cities has been strongly endorsed by the Urban Development Institute of Australia (UDIA). UDIA National President Stephen Holmes said that, “The Rudd Government has
committed to re-engaging with the engine room of the economy, our major capital cities.”
UDIA Report Finds Increasing Undersupply of Land for Housing
October 30, 2009 by Editor · Leave a Comment
The 2009 State of the Land Report, which will be formally released tomorrow by the Urban Development Institute of Australia (UDIA), highlights the timeliness of the Federal Government’s recently announced initiative to take a greater leadership role in driving national urban planning and approvals reform.
RBA Bank Lending By Sector Monthly Data
October 29, 2009 by Editor · Leave a Comment
Reserve Bank of Australian Bank Lending By Sector Monthly Data
This index utilises Australian Prudential Regulation Authority data, Lending Figures for Housing (owner occupied and investment) and Other Personal Loans to give an indication of total bank lending.
ABS Lending Finance Data
October 29, 2009 by Editor · Leave a Comment
Australian Bureau of Statistics Lending Finance Data
Indicates the finance commitments made by significant lenders for the purposes of secured housing finance for owner occupation, other personal finance, commercial finance and lease finance.
ABS Consumer Price Index (CPI)
October 29, 2009 by Editor · Leave a Comment
The Consumer Price Index (CPI) measures quarterly changes in the price of a ‘basket’ of goods and services covering a wide range of categories. CPI provides a good indication of household costs including rent and mortgage.
ABS consumer spending data
October 29, 2009 by Editor · Leave a Comment
The following information is typical data measured and monitored by Economic analysts.
RBA Indicators of Spending and Confidence
October 29, 2009 by Editor · Leave a Comment
Reserve Bank of Australia Indicators of Spending and Confidence
Provides an indication of the prospect for family finances and current buying conditions including dwelling approvals. This index draws together ABS consumer spending data from the Retail Trade Survey 8501.0, Sales of New Motor Vehicles 9314.0, Building Activity 8752.0 and Engineering Construction Activity 8762.0. The Westpac-Melbourne Institute Consumer Sentiment Index and the NAB Business Confidence Index support these figures to give an indication of current spending and confidence.
ABS Housing Occupancy and Costs in Australia
October 29, 2009 by Editor · Leave a Comment
Australian Bureau of Statistics Housing Occupancy and Costs in Australia
This publication presents data from the Survey of Income and Housing (SIH) on Australian housing occupancy and costs, and relates these to characteristics of occupants and dwellings such as tenure, family composition of household, dwelling structure, age, income and principal source of income. It also includes value of dwelling estimates, and information on recent home buyers.
RBA Household Finances – Selected Ratios
October 29, 2009 by Editor · Leave a Comment
Reserve Bank of Australia Household Finances – Selected Ratios
Provides the ratio between Total Housing Debt and Total Housing Assets.
Housing Industry Association Housing Activity Forecast
October 29, 2009 by Editor · Leave a Comment
This model forecasts the housing starts and the value of residential and non-residential construction by state. Economic Growth, Interest Rates, Employment Growth, Consumer Confidence, Level of Oversupply or Pent-up Demand for Housing, Interstate and Overseas Population Movements, Household Formation, and Land Availability inform this model.
Real Estate Institute of Queensland (REIQ) website review
October 28, 2009 by Editor · Leave a Comment
What are the advantages and disadvantages of this Australian real estate website? Real Estate Institute of Queensland (REIQ)
Review of Australian real estate websites
October 28, 2009 by Editor · Leave a Comment
What are the advantages and disadvantages of Australian real estate websites?
Aug 2009 severely stressed households (those facing a potential sale or foreclosure) rose by a further 13%
October 21, 2009 by Editor · Leave a Comment
The news is out interest rates are rising, workers hours are continuing to be reduced, family income has reduced, retail prices are rising and mortgage stress is increasing. In WA The Sunday Times Property Report dated the 18 October 2009 has reported that 264 out of 303 Perth suburbs and WA country towns demonstrated negative median house growth.
What does the future hold for the property market over the next 6-12 months?
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