With the release of the HIA-CBA Affordability Index this week there has been plenty of focus on the fact that Melbourne has overtaken Sydney as the country’s least affordable capital city property market. Also with the residential property market recording value growth coming to a halt, there has been plenty of commentary around the lack [...]
Archive | November, 2010
Labour prices and weekly earnings
The Australian Bureau of Statistics released their Labour Price Index for the September 2010 quarter and their Average Weekly Earnings for the three months to August 2010 this week. The results provide valuable insight into wage growth across the country. During the quarter, labour prices increased by 1.1% and over the year they were up [...]
Unemployment increases but read beyond the headlines
The unemployment data released by the Australian Bureau of Statistics this week showed that on a seasonally adjusted basis the national unemployment rate increased from 5.1% in September to 5.4% in October 2010. Importantly, this result does not tell the whole story. National unemployment rates Oct-82 to Oct-10 Source: rpdata.com, ABS The number of unemployed [...]
Evidence growing that rents and yield are on the improve
With property value growth flat over the September quarter and the market transitioning from a period of strong growth to relatively flat conditions, we have long expected that rental market activity would start to pick up. Data included within the RP Data-Rismark Home Value Index shows that the anticipated improvements in the rental market are [...]
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