Archive for the ‘Interest Rate Updates’ Category
Tuesday, March 6th, 2012
The Australian Bureau of Statistics (ABS) released its monthly housing finance numbers for October this week which provided some interesting reading. Broadly speaking, the results are split by investment finance commitments and owner occupier commitments. For the owner occupier commitments the ABS publishes data which shows both the volume and ...
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Friday, March 2nd, 2012
RP Data along with our strategic partners Rismark International released two world firsts this week;
the world’s first genuine “daily” house price index suite, which will cover all the major cities and the national market.
the world’s first house price indices that track the change in the value of the overall asset ...
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Monday, February 27th, 2012
We have suggested several times on our research blog that, as a nation, Australia needs to see more geographic diversity in the labour market. A wider geographic distribution of full time employment opportunities would imply a lessening in demand pressures in capital city housing markets and an improvement in regional ...
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Thursday, February 23rd, 2012
Well, the experts certainly think so. If you have any interest in the resources sector, arguably the best source for information is the Bureau of Resources and Energy Economics (BREE). Their most recent forecast for the 2011/12 financial year is a 15% increase in the value of Australian energy minerals ...
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Sunday, February 19th, 2012
The number of housing finance commitments continued to improve in December, rising 8.7% over the quarter according to the seasonally adjusted series from the ABS released this week. The adjusted figures for December were the highest since March 2010; a strong sign that a degree of health is returning to ...
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Wednesday, February 15th, 2012
The volume of housing finance commitments to owner occupiers increased for the eighth consecutive month in November, up 1.4% over the month and 4.6% over the year. Of course, from a housing market perspective it is important to separate owner occupier commitments for refinances and non-refinances. Refinances create business for ...
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Saturday, February 11th, 2012
The real estate industry is doing it tough. Transaction volumes last year were about 13% lower than 2010, 26% lower than 2009 and 33% lower than the recent highs of 2007. A slightly larger decrease applies to real estate agent commissions, due to the fact that agents are generally paid ...
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Tuesday, February 7th, 2012
Based on CoreLogic’s House Price Index (HPI), it’s been 69 months since the US housing market peaked. Since the national index for ‘single family combined homes’ reached its high point back in April 2006, US home prices have fallen by 32.8%.
The first three years of US home prices coming down ...
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Tuesday, February 7th, 2012
An interesting fact in the latest Australian Bureau of Statistics Housing Finance data was the continued trend towards fixed rate loans. The data showed that over the month of November 11.1% of borrowers opted for a fixed rate mortgage; that’s the highest percentage of fixed rate commitments since June 2008. ...
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Tuesday, April 6th, 2010
NAB has challenged others of the big four on rising interest rates. If the RBA raise rates by another 0.25% today as expected, NAB have made a promise to it's growing customer base that they will not raise by any higher than the amount that the RBA raise by. This ...
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