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Category Archives: Housing
Perth house prices up as turnover rises
The Perth housing market has now had six months of rising prices after a couple of years of declines, according to a report by David Airey of REIWA. The REIWA report is reproduced below: See http://reiwa.com.au/Faq/Pages/News.aspx for more. “The March quarter results … Continue reading
Posted in Australian real estate, Housing, Perth, Western Australia
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Economic outlook under scrutiny
We start a week leading up to the Federal Budget with the economic outlook and interest rates under scrutiny, and a cloudy world outlook as France elects a socialist leader and the result of the Greek elections is awaited. The … Continue reading
Rate cut will have a positive effect on housing
With the RBA cutting rates 0.5% yesterday, a lot of commentary in the news today is about whether this will spur people to enter the housing market again, or whether confidence is too low. The related issue is the extent … Continue reading
Posted in Australian real estate, Home loans, Housing, Interest rates
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House prices according to rpdata
After reporting the Residex house price series yesterday, today its the turn of rpdata-rismark, who are reporting price falls of 0.8% in April to leave the market largely unchanged since the beginning of the year. This is in contrast to … Continue reading
Posted in Australian real estate, Housing
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New home sales sink
Tempting as it is to continue with the Titanic theme, we’ll resist that and just note that according to the Housing Industry Association, new home sales fell 9.4% in March to 5,443 homes, after a 3% rise in February, and … Continue reading
Posted in Australian real estate, Housing
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Euroland housing mortgage demand falls
As we sit here wondering if Australia can do better than a slow 2.5% expansion in the economy, spare a thought for Europe which, after a brief sunrise, is now heading downhill again. A report by Jeffries International shows that … Continue reading
Posted in Australian economy, Housing, World economics, Europe
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House rents mostly unchanged in March
House rents have been mostly stable in the March quarter according to data published by APM. Melbourne was described in AFR as the most “tenant friendly city” with plenty of stock available. The unchanged Perth figure seems surprising to us, … Continue reading
Posted in Australian real estate, Housing
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Central Coast residential prices
Tweed Heads and points south have seen residential price reductions over the past two years as chilly north winds blow from across the State border from the Gold Coast. In a report in todays SMH agents are postulating that prices … Continue reading
Posted in Australian real estate, Housing, NSW
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Construction activity still falling
Continuing a two year downtrend from the previous peak in early 2010, construction activity continues to fall sharply according to the AIG/HIA index of activity released this morning. Registering 36.2, it is up slightly on Februarys reading of 35.6 but … Continue reading
Posted in Australian real estate, Housing
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Home rental vacancies down
SQM Research released home rental vacancy figures for February, showing that nationally, vacancies fell -4.6% in February vs. January, though they are still +8.4% higher than a year ago. With the softening of buyer demand for homes, it is likely … Continue reading
