Sunday, March 18th, 2012
The January housing finance data was released this week and it showed, as predicted, a slowdown in activity by first home buyers in January 2012. There are a couple of points to note about these results:
The fall in volumes was anticipated given the removal of first home buyer stamp duty ...
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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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Thursday, July 22nd, 2010
Data out form the Bureau of Statistics on financing commitments for January has total commitments falling 2.8% from December, seasonally adjusted.
All the major sectors – housing, commercial and personal – were down.
Housing led the way with a 5% fall, then commercial (-1.6%) and personal (-1.5%).
Housing isn’t such a surprise given ...
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Sunday, July 18th, 2010
Data from the Bureau of Statistics puts the number of housing starts in the December 2009 quarter at 40,022. seasonally adjusted.
This is a 15.1% jump on the previous quarter and 26.0% up on December 2008.
I call it “old” news in the sense that the surge in building was to be ...
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Wednesday, May 13th, 2009
Hot on the heels of data released this week showing that first home buyers accounted for 27.3% of all homes purchased in March, Wayne Swan announced last night during the Federal Budget that the Government would extend it's boost of the first home buyers grant through to December 31st.
"In light ...
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Tuesday, April 7th, 2009
The Reserve Bank of Australia met today to discuss the state of the global economic crisis, and how Australia is faring in comparison to other countries, including its trading partners. They have determined that another modest drop in the official cash rate is necessary to continue to stabilise the downturn.
In ...
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