For most people, the Reserve Bank of Australia’s bi-annual Financial Stability Review is a tough read. For anyone interested in the housing market however, the section on household balance sheets (pages 41 to 46) is essential reading. Of particular interest is the analysis on mortgage arrears across Australia and the comparisons with other countries. The [...]
Archive | March, 2012
Where can you buy a home under $300,000?
RP Data’s Property Pulse report released this week provides a comprehensive segmentation of median house prices by suburb across the capital cities. The research results showed that just 7.1% of capital city suburbs have a median house price less than $300,000. The lowest proportion was Canberra where there wasn’t a single suburb with a median house price [...]
First home buyer activity eases but still in line with the long-term average
The January housing finance data was released this week and it showed, as predicted, a slowdown in activity by first home buyers in January 2012. There are a couple of points to note about these results: The fall in volumes was anticipated given the removal of first home buyer stamp duty concessions in the country’s [...]
Will Australia’s rate of economic growth improve in 2012?
The Australian Bureau of Statistics (ABS) released the National Accounts for the December 2011 quarter this week. The results continued a downwards quarter-on-quarter trend in weaker economic growth across Australia. Gross Domestic Product (GDP) is defined as the total market value of goods and services produced in Australia within a given period after deducting the [...]
Dispelling the myths about our new Index methodology
RP Data along with our strategic partners Rismark International released two world firsts this week; the world’s first genuine “daily” house price index suite, which will cover all the major cities and the national market. the world’s first house price indices that track the change in the value of the overall asset class rather than [...]
- Dispelling the myths about our new Index methodology
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Negative gearing and its impact on the housing market
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There were 1,213,595 individuals with a negatively geared property over the 2010/11 financial year
