Capital gains within the Darwin housing market have been outperforming the broader capital city average since early 2004. Over the last ten years the growth rate has averaged 12.7% per annum which is well above the combined capital city average of 9.2%. Over five years the average rate of growth is even higher at 13.0% [...]
Archive | February, 2011
Soft housing finance data reflects the overall consumer conservatism across the country
The housing finance data released by the ABS for the December quarter this week highlight some interesting trends in the Australian housing market. The ‘broad brush’ overview is that owner occupier loans are showing a small improvement due to increasing non-first home buyer activity, first home buyers are remaining on the sidelines and the value [...]
Australia continues to create more jobs
The Australian Bureau of Statistics (ABS) has just released its Labour Force statistics for January 2011. The data shows that January’s unemployment rate remained unchanged at 5.0%. Over the year, Australia has created more than an additional 330,000 jobs, almost 264,000 of which were full-time position with the remainder part time. Employment participation across the [...]
Australian Housing Market Overview December 2010
Tim Lawless provides a solid overview of the Australian capital city housing markets based on the latest results from the RP Data Rismark Hedonic Home Value Indices. Aussie dwelling values rose by a seasonally-adjusted 0.4% in the December quarter, and 4.7% over the year. The capital city market peaked in May 2010 and remains below [...]
Regional markets continue to perform poorly
The RP Data-Rismark Home Value Index released last week highlighted that regional housing markets of Australia continue to significantly lag the performance of the capital cities. Over the 2010 calendar year house values within regional markets of the country have increased by just 0.9% in comparison to capital city value growth of 4.7% for the [...]
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