The volume of housing finance commitments to owner occupiers increased for the eighth consecutive month in November, up 1.4% over the month and 4.6% over the year. Of course, from a housing market perspective it is important to separate owner occupier commitments for refinances and non-refinances. Refinances create business for banks and mortgage brokers whereas [...]
About Cameron Kusher
Cameron Kusher is RP Data’s senior research analyst, specialising in primary and secondary data analysis, property market commentary and consultancy. Cameron has a thorough understanding of the fundamentals such as demographics, trends, economics and spacial analysis and is a regular keynote speaker for property-related groups, regulated industry bodies, corporations and the government sectors.
How much more finance for housing is there likely to be over the next 12 months?
The Australian Bureau of Statistics (ABS) released its monthly housing finance numbers for October this week which provided some interesting reading. Broadly speaking, the results are split by investment finance commitments and owner occupier commitments. For the owner occupier commitments the ABS publishes data which shows both the volume and value whereas for investment they [...]
Property values down, retail struggling, Europe in debt, but our economy continues to grow
It seems there has been a raft of bad news of late with property values falling, limited growth in housing finance, lower levels of consumer confidence, limited retail activity, low levels of housing construction and Europe in the midst of a debt crisis. However, despite all the bad news stories, the Australian Economy has continued [...]
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 [...]
Mortgage delinquencies on Residential Mortgage Backed Securities (RMBS) rise over the past year according to Moodys
Ratings Agency Moody’s released their annual Mortgage Delinquency Report this week which showed delinquencies have increased over the year as consumer confidence dipped, property values fell and global economic conditions weakened. According to the report, the analysis in this report was performed on over $117.6 billion worth of mortgages which are included in Moody’s-rated residential [...]
Household income growth stalls over the 2009/10 financial year
The Australian Bureau of Statistics (ABS) released their bi-annual Household Income and Income Distribution data for the 2009/10 financial year this week. This is an exciting release from the ABS (aren’t they all!) because the data only comes out once every two years and provides a valuable update about household income, where income is derived [...]
Economic insights from the Melbourne Institute’s 2011 Economic and Social Outlook Conference
Last week I attended the Melbourne Institute’s 2011 Economic and Social Outlook Conference. The theme of the conference was, ‘Growth Challenge – Riding the Resources Boom to Lasting Prosperity’. The conference was one of the best all-round economic events I have attended with a number of absolute top notch speakers involved. Overall, it was very [...]
Population growth back at 2005 levels
The Australian Bureau of Statistics (ABS) released the quarterly Demographic Statistics update for December 2010 this week which tracks changes in population. Over the 12 months to December 2010, Australia’s population increased by 1.5 percent, its slowest rate of population growth since the 12 months to December 2005. Despite the lower rate of growth, Australia’s [...]
Aussie consumers keep their foot on the brake
Westpac and the Melbourne Institute released their monthly measure of consumer sentiment this week and it showed that confidence amongst consumers continues to wane. The consumer sentiment index fell to 101.2 points in June 2011, its lowest level since June 2009. Despite the fall in sentiment, the index remains above 100 points which indicates that [...]
Why Australia needs to drop the obsession with our capital cities
In last week’s blog Tim highlighted that the Sustainable Australia – Sustainable Communities, A Sustainable Population Strategy for Australia Report released by the Department Sustainability, Environment, Water, Population and Communities failed to meet its objective. Tim specifically noted, ‘The objective of the report is to provide strategic guidance for population growth across Australia. While the [...]
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New mortgage commitments setting the scene for improved buying activity
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100 suburbs with the highest gross value of home sales
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The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
- 100 suburbs with the highest gross value of home sales | ljgrealestate: [...] Link: http://blog.rpdata.com/2012/02/100-sub...
- Is it time to fix rates? | Calibre Real Estate: [...] Source: Tim Lawless, RP DATA blog [...]...
- The gap between variable and fixed interest rates has just passed a historic peak. « bakerbruce: [...] HERE to view the full report from RP Data Sh...
