22,771,649. That’s the estimated total of Australia’s population. According to the Australian Bureau of Statistics there is one birth every 1 minute and 46 seconds and an Australian dies every 3 minutes and 40 seconds. Every 2 minutes and 44 seconds there is another international migrant crossing the Australian border. Overall the Australian population increases [...]
Archive | November, 2011
When is an auction not an auction?
With auction clearance rates consistently tracking between 45% and 50% since April this year it begs the question, why take a property to auction when you have less than a 50% chance of selling via this process? Melbourne, Australia’s largest auction market, has typically shown a slightly higher clearance rate than other cities, however even [...]
More home loans for less
The Australian Bureau of Statistics (ABS) released housing finance data for the month of September this week and in this week’s blog post we are going to dissect what is happening with average loan amount being committed to by borrowers. On an annual basis, the average loan size fell by -0.6% over the 12 months [...]
Low dwelling approvals are bad news for housing supply
After a brief surge in August, the number of dwellings approved for construction in September fell by 13.6% (August approvals were up by a revised 10.7%) – a result that was primarily influenced by a large fall across the ‘non-house’ category which is comprised of mostly apartments and semi-attached dwellings such as terrace homes and [...]
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