Archive | September, 2010

Auction market update

RP Data tracks auction results across all capital cities of the country, typically collecting results for between 85% and 90% of all auctions each week. Through our Agent’s Advice team we contact our vast network of agents to compile the most accurate auction figures possible.  With this level of data collection we can confidently comment [...]

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Unemployment remains high in agricultural areas and parts of the city fringe

The unemployment rate across Australia has fallen to just 5.1%, however the headline figures hide the fact there are key regions around the country where the number of unemployed remains high.  The map below, which plots the unemployment rate across Australia’s ‘Statistical Regions’ shows a clear trend.  The areas showing unemployment rates above 7% are [...]

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Jobs market approaching full employment

Labour force data released by the Bureau of Statistics yesterday shows the Australian jobs market continues to outperform expectations.  The unemployment rate across the country has fallen to just 5.1% in seasonally adjusted terms.   The falling jobless rate has sparked debate that there is likely to be more upwards pressure on interest rates as [...]

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Strong GDP figures don't necessarilly translate to strong property value growth

The strength of the Australian economy surprised most of the economic community when GDP figures were released earlier this week.  The seasonally adjusted figures showed the Australian economy grew by 1.2% over the June quarter and 3.3% over the year.  The broad expectation was for a 0.9% increase in the rate of economic expansion. It’s [...]

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