The Queensland State Government announced two new initiatives this week. The first being plans to develop three new satellite cities capable of housing a total of 250,000 residents at Yarrabilba, Ripley Valley and Greater Flagstone within the Greater Brisbane Region. The second announcement being that the State Government would offer an increase to the current [...]
Archive | May, 2010
Consumers losing confidence in the property market
The Consumer Sentiment Index released by Westpac and the Melbourne Institute this week showed that consumer’s confidence took a nosedive during May. The Index fell by -7.0% to 108.0 points on a seasonally adjusted basis. Although the Index remains above 100 points indicating that consumers are generally more optimistic than pessimistic it certainly shows that [...]
ABS Housing finance data shows a further slowdown in March 2010
Housing finance data released this week showed a further slowdown across the sector. On a seasonally adjusted basis, owner occupier finance commitments for: construction of new dwellings (-7.3%), purchase of new dwellings (-3.2%), purchase of established dwellings (-2.9%) and total owner occupier loans (-3.4%) all recorded falls during March 2010. Over the year to March [...]
Opportunities for first home buyers
A recent report released by the Commonwealth Bank using information compiled by RP Data shows the opportunities for first home buyers are actually more wide spread than most would have thought – first home buyers just need to know where to look and what to look for. Using the average first home buyer loan funding [...]
- 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
