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Monthly Archives: May 2011
Bookstores facing closure
Administrators for the troubled book store chains Borders and Angus & Robertson announce that the stores may have to close if buyers are not found. The announcement says “if” but reading between the lines, it sounds like there is a … Continue reading
More on house prices
This from SMH: “Home prices extended their slide again in April to a fourth consecutive month, as falls at the most costly end of the market dragged down overall values. Sydney prices bucked the trend. National city home values fell … Continue reading
SQM says house prices falling
In an article in today’s News web site is a report on house prices by David Koch, based on data from SQM Research, who are currently in the “bear” camp on the outlook for house prices. They report falls in … Continue reading
New home sales slowing
In WA, land sales have slowed to a fraction of the previous years. I understand that local builders and home package vendors are doing their budgets at present, and budgeting for a level of construction in 2011/12 that is less … Continue reading
End of La Nina reduces future Qld flood risk
The QLD floods and cyclones were intense, matching the unusually severe La Nina weather pattern. But as we flagged a couple of months ago, the La Nina has weakened and BOM now reports that it has ended (see below). This … Continue reading
Construction activity update
So the fiscal stimulus program has been “wound back”, according to this article, from $53.1Bn in 2008 to $53.6Bn now… Hang on, that still looks like an increase to me. Ah, says the article, but in real terms, and after … Continue reading
When Greece defaults
This is probably the best summary I’ve read about what will happen after a default by Greece. Of course, nothing in the future is guaranteed. My only concern: if this scenario happens, why should it stop at Spain? The world … Continue reading
Posted in Real estate and economics, World economics
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Pressure on shop store markups to effect rents
RETAILERS are marking up products by as much as 142 per cent and most shoppers don’t even know it, a new study has found. This comes as retailers face a battle to get consumers back in stores instead of clicking online. … Continue reading
Perth faces worst water shortage
The WA Bureau of Meteorology yesterday issued a grim seasonal outlook for June to August, with between 60 to 80 per cent chance of below average falls. Parched residents can also expect above average maximum and minimum winter temperatures forecast … Continue reading
Perth office rents to increase according to agent
According to Andrew Denny, CBRE, Perth rents are to increase over the next five years by 4.2% p.a. as the vacancy rate falls to 5%. “Perth’s office rental growth is forecast to far exceed the national average over the next … Continue reading
