The RBA this week released their half-yearly Financial Stability Review and overall it was quite a positive release. The report can be downloaded here: http://www.rba.gov.au/publications/fsr/2011/mar/html/contents.html The headline findings of the review were: Since the last review six months ago, confidence in the banking systems of major countries have generally improved Share prices of banks in [...]
Archive | March, 2011
Dwelling commencements slow during December 2010 quarter but way up on 2009 volumes
The number of dwellings commenced during 2010 was recorded at 169,428. This represented an increase of 22.4% over the calendar year, the largest since they rose by 27.2% during 2002. With almost 170,000 dwelling commencements last year, it was a substantial improvement from around 138,000 commencements in 2009. On an annual basis, there has been [...]
Suburbs with the greatest number of transactions during 2010
This week’s Property Pulse highlighted that nationally, property sales volumes were at their lowest level in more than a decade (the lowest since 1996 actually). Sales volumes had been impacted by the swift increases in interest rates and deteriorating affordability levels. In saying this, there are still a number of areas which have recorded strong [...]
GDP indicates Australia was doing alright….in December 2010
The Australian Bureau of Statistics released the December 2010 quarter Gross Domestic Product (GDP) figures this week. The data reaffirmed what we already knew, the Australian Economy was performing quite well during the final quarter of 2010. Over the quarter, GDP grew by 0.7% which was in line with the market expectation. The quarterly growth [...]
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