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Category Archives: Uncategorized
Victoria State economic overview
Economic growth has slowed in Victoria with the State currently showing a mid-ranking performance compared with other States. Our full economic overview of the State is attached below. Stop press: unemployment rate in Victoria for January was revised by ABS … Continue reading
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Resi auction clearance rates down
In NSW and Victoria residential auction clearance rates were down at the weekend, at 46% in NSW and 51% in Victoria. The fall in NSW is hardly surprising, with Christmas imminent, and a new stamp duty regime starting 1 January, … Continue reading
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Credit rating agencies
This cartoon, with apologies to Matt of The Telegraph, UK
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Exchange rate falls
After highs of up to US$1.10 the A$ exchange rate has fallen close to parity, with forecasts in the market of it falling lower to maybe US$0.90 in coming months. What is the impact of this? Firstly, we can junk … Continue reading
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Updated Australian economic overview
The updated Propell Australian Economic Overview is attached. 84 Australia Economic Overview August 11
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More reports on residential property values
HOMEBUYERS are deserting the property market in the wake of recent natural disasters with latest figures showing the biggest monthly slide on record.The weather crises in Queensland, New South Wales and Victoria in December and January have kept home buyers … Continue reading
Insurers flag high payout costs
In an article I’m drafting, I comment: “With the added cost of the Christchurch earthquake, insurers have been warning of the effect of record payouts this year, leading to higher premiums or unavailability of cover. Yet, we have to ask, … Continue reading
Impact of the high dollar exchange rate on business
THE county’s business chiefs are predicting a patchy economic growth outlook for 2011 with trade exposed industries particularly hit by the strength of the Australian dollar. A survey of 530 CEOs from a range businesses in manufacturing, services and construction, … Continue reading
Residential prices record a fall in January
City home prices dropped more than a full percentage point in January, retreating for a second month in three, as floods in Queensland and Victoria deterred buyers. National city home values slumped 1.6 per cent, seasonally adjusted, to $465,000 after … Continue reading
Many Gen-Y workers saving 20pc for a home
More than a third of young, potential home buyers are saving 20 per cent of their pay packet to get on the property ladder, a new survey has found. The latest Bankwest/Mortgage and Finance Association of Australia (MFAA) Home Finance … Continue reading
