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Monthly Archives: February 2012
Sydney industrial market
Despite the NSW economy having stalled in the past year, demand for Sydney industrial properties has strengthened considerably with the number of sales transactions up dramatically on 2010, returning to more normal levels. However rents and values are mostly unchanged … Continue reading
Darwin residential market
The Darwin residential market suffered lowering prices during 2011, in common with the rest of Australia, but there are signs that the market may stabilise with prices holding in 2012 as new projects come on stream. Our full report is … Continue reading
Construction work falls 4.6%
Total construction work in Australia fell 4.6% s.a. according to ABS figures released today, below expectations. See http://www.smh.com.au/business/big-slump-in-construction-work-20120229-1u20r.html
Retail sales up 0.3% in January
Retail sales were up 0.3% in January, in line with forecasts after a -0.1% fall in December. Importantly the December figure was not revised, indicating that shoppers really did spend less at Christmas. Moody’s forecast another year of below trend … Continue reading
Posted in Australian economy, Retail trade
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Online retail spending increases
The NAB online retail sales index changed +19.4% for the year to January as internet buying continues to rise, though the pace of growth slowed a little from the reading of +21.9% in December, and compares with the almost unchanged … Continue reading
Posted in Australian economy, Retail trade
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As you were
So nothing has changed over the weekend. Greece has not left the Euro, bond yields have not collapsed, and Labor Leader Julia Gillard is still Prime Minister of Australia after a resounding defeat of Kevin Rudd. While the Labor Party … Continue reading
No housing collapse says RBA
Australia is not going to experience a US style collapse in house prices, says Luci Ellis, head of the Reserve Bank‘s financial stability department. Acknowledging that house prices fell 5% last year, Luci said, in an article in todays AFR, … Continue reading
Posted in Australian real estate, Housing, Reserve Bank
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Interest rates “where they should be”
Interest rates are unlikely to change in the near future if the Reserve Bank is to be believed. It was only 3 months ago that the markets were pricing in expectations of interest rate cuts of 1.5% or more, but … Continue reading
Posted in Australian economy, Interest rates, Reserve Bank
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Sydney lower price home sales weaker?
Lower value house sales are reported weaker in Sydney following the withdrawal of stamp duty concessions for first home buyers. In an article in todays AFR it was reported that, in the first home buyer market, prices went up in … Continue reading
Posted in Australian real estate, Sydney
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Greece lightning
Against the odds the Greece bailout reached approval of the Eurozone ministers today. They have agreed a second €130Bn bailout after asking private investors to to bigger losses on Greek debt and by taking away more of Greek sovereignty over finances, … Continue reading
Posted in Europe, Greece, Real estate and economics, World economics
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