The US housing market has clearly moved through the bottom of what has been a sustained and severe correction cycle. Based on data from RP Data’s parent company, CoreLogic (NYSE: CLGX), the US housing market peaked way back in April 2006; between that time and the market trough in February 2012 (70 months), US house [...]
Key messages for the housing market from the Federal budget
Policy makers, including the Reserve Bank and Federal Treasury, are increasingly looking towards the housing market and housing construction to take up some of the economic slack as the economy transitions away from relying on infrastructure spending in the mining sector. For a sector that seems to be increasingly regarded as the ‘White Knight’ for [...]
There were 1,213,595 individuals with a negatively geared property over the 2010/11 financial year
Last week the Australian Tax Office (ATO) released the taxations statistics for the 2010/11 financial year. The statistics showed that over the year there were 1,811,174 individuals that owned a rental property. This was out of 9,416,002 individuals that have a taxable income and 12,637,623 individuals that lodged a tax return. The data indicates that [...]
Who is Bruce Rock and other insights about population growth
Most people wouldn’t have heard of Bruce Rock. I asked my wife and she thought it might be the name of a rock singer (that’s Kid Rock…). Bruce Rock is actually a council region located 254 km east of Perth. According to the Bruce Rock council web site, it’s quite a nice place to visit: [...]
Low inflation keeps door open for RBA on interest rates
The Australian Bureau of Statistics (ABS) released the Consumer Price Index figures for the first quarter of 2013 earlier this week. The figures, which measure inflation, showed an increase of 0.4% over the quarter following a 0.2% rise over the December 2012 quarter. Based on data over the past six months, annual inflation is currently [...]
Outstanding mortgage debt to Australian banks, building societies and credit unions is growing at record low levels
Every month the Australian Prudential Regulation Authority (APRA) publishes monthly banking statistics which include amongst other things the total value of outstanding loans on the books of Australian banks for owner occupied housing and investment housing. This information is published individually for every bank operating in Australia. As at February 2013, domestic banks had a [...]
Recovering but not recovered
The housing market recovery has broadly been underway since the end of May last year and since that time dwelling values across the combined capital cities Index have increased by 4.7% through to the end of March 2013. Most cities reached a low point at a different time and have recorded different rates of recovery. [...]
New South Welshmen leaving the state in droves, heading to Queensland and Western Australia
Population growth is an important determinant of housing demand – to put it simply, more people generally equates to a larger requirement for new homes. This week’s RP Data Property Pulse focusses on the broad national population growth figures which were released by the Australian Bureau of Statistics last week. Our blog this week looks [...]
Reserve Bank gives Melbourne a gloom injection
Want a good read? Check out the Reserve Bank’s Financial Stability Review. Sure, it’s not everyone’s cup of tea, but this report which is published half yearly is an absolute treasure trove for anyone interested in the Australian economy, or more importantly, how the Reserve Bank is interpreting economic data which of course as a [...]
The good news and the bad news on Australian labour markets
Good news: 71,500 jobs were created over the month of February Bad news: 75% of them were part time roles The February labour force data published by the ABS earlier this week caught most of us off guard. The number of jobs created was nothing short of spectacular, the rate of unemployment remained steady at [...]
- Dispelling the myths about our new Index methodology
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Negative gearing and its impact on the housing market
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There were 1,213,595 individuals with a negatively geared property over the 2010/11 financial year
