RP Data have been suggesting that the Australian housing market is likely to show, at best, flat growth in property values over the remainder of 2010 which will in-turn result in increasing levels of vendor discounting and a longer time of sale. With today’s release of the September RP Data-Rismark Home Value Index we also [...]
Archive | October, 2010
Melbourne’s Super Saturday
On a national basis, the number of auctions taking place has remained very buoyant during spring and is above average in all capital cities. Meanwhile, auction clearance rates have been trending lower since May of this year, it’s no coincidence that nationally, property value growth has begun to also taper since May of this year. [...]
First home buyers most attracted to jobs rather than affordability
The housing finance data released by the Australian Bureau of Statistics on Oct 11 shows that first home buyer demand has remained weak. During August the number of home loans taken by first time buyers was just 7,460. Volumes hadn’t been that low since Feb 2005. As a proportion of the overall owner occupier market, [...]
US Housing market starting to recover?
According to the latest Core Logic House Price Index the median price across America was recorded at $179,000 at the end of September 2010. According to the Index, US house prices peaked at $229,000 during September 2005, from this peak median prices fell by as much as -27.9%. Five years after the peak, the country’s [...]
Australia’s rate of population growth slows during March
Australia’s population grew by 1.8% over the 12 months to March 2010 or by more than 403,000 persons. Despite the fact that the rate of population growth remains extremely strong, it has fallen well below the recent peak in annual growth recorded at 2.2% over the year to Dec-08 and Mar-09. Note: the dotted line [...]
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