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Category Archives: Residential house prices
Markets down on Greece worries
A sharp fall in the stock market this morning as investors lose confidence and are concerned about the future. The impact of a Greek default, Euro exit and implications for European and world growth are the factors. We don’t know … Continue reading
How long is it taking to sell?
With apologies to Matt, the UK Telegraph cartoonist, I couldn’t resist posting this comment on how long UK houses are taking to sell, as a bit of light relief from reading yet more articles about Greece.
Posted in Residential house prices
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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
Australian economic overview
The Australian economy has slowed in the past year despite the mining boom, but according to the IMF it is likely to improve in the coming year. The Propell economic overview was published today and is available from the link … Continue reading
Resi auction clearance rates down as ANZ increases rates
Another quiet weekend for residential house sales, with auction clearance rates low. In Sydney at the weekend it was 55.3% and in Melbourne 55.0%. On Friday night ANZ increased its interest rate by 0.06%, which largely bypassed the news channels, … Continue reading
Housing market stabilising says rpdata
The housing market is showing signs of stabilising says rpdata, as reported by the Property Council (see link) Tim Lawless reported Sydney values up 1.1% over the past quarter “on a more granular basis” i.e. smoothing out their daily series, … Continue reading
Melbourne housing market weakens
The Melbourne housing market is showing signs of weakness according to a post by Leith van Onselen in Macrobusiness (see link below) According to the article, SQM shows an increase in the number of homes for sale to 50,840 listings, … Continue reading
Building approvals still declining
This could be one of the worst years for residential construction as applications plummet new lows according to HIA in an article in todays SMH. Housing starts – when a new home begins construction – are forecast to fall by … Continue reading
NSW Land Tax system criticised
The NSW Land Tax system is under fire this morning in an article in todays SMH, particularly the valuations for high end properties, which are reported as achieving significant reductions on appeal. “Figures compiled by the NSW Valuer General for … Continue reading
Homeowners not highly geared says RBA
Very few home owners are highly geared, according to the RBA, as reported by SMH today. “the RBA said, borrowers were well placed to meet their debt obligations, with only a small share of borrowers ”very highly geared”.” “Figures released … Continue reading
