The number of housing finance commitments continued to improve in December, rising 8.7% over the quarter according to the seasonally adjusted series from the ABS released this week. The adjusted figures for December were the highest since March 2010; a strong sign that a degree of health is returning to the housing market; at least [...]
About Tim Lawless
Tim heads up the RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia
100 suburbs with the highest gross value of home sales
The real estate industry is doing it tough. Transaction volumes last year were about 13% lower than 2010, 26% lower than 2009 and 33% lower than the recent highs of 2007. A slightly larger decrease applies to real estate agent commissions, due to the fact that agents are generally paid based on percentage of the [...]
The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
An interesting fact in the latest Australian Bureau of Statistics Housing Finance data was the continued trend towards fixed rate loans. The data showed that over the month of November 11.1% of borrowers opted for a fixed rate mortgage; that’s the highest percentage of fixed rate commitments since June 2008. It’s interesting in the sense [...]
How has the rate of decline in the Aussie housing market measured against the US, UK and NZ?
Based on CoreLogic’s House Price Index (HPI), it’s been 69 months since the US housing market peaked. Since the national index for ‘single family combined homes’ reached its high point back in April 2006, US home prices have fallen by 32.8%. The first three years of US home prices coming down could be characterized as [...]
Will the resources sector continue to ‘boom’?
Well, the experts certainly think so. If you have any interest in the resources sector, arguably the best source for information is the Bureau of Resources and Energy Economics (BREE). Their most recent forecast for the 2011/12 financial year is a 15% increase in the value of Australian energy minerals and metals over the previous [...]
154 capital city suburbs with a median house value under $300,000
There are plenty of affordable housing options across Australia’s capital cities; in fact there are 154 suburbs where the median value of a house is less than $300,000. Adelaide suburbs comprise the majority of these ‘uber’ affordable locations, comprising 28% of the list. Brisbane suburbs rank a close second at 24% of all capital city [...]
Housing demand set to increase on the back of higher population growth
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 [...]
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 [...]
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 [...]
Housing costs show the largest quarterly rise in the September CPI
Its worthwhile having a closer peek at the ‘new look’ CPI figures just released by the ABS- particularly, how have the components of the housing category contributed to price rises. The September quarter data was the first time the 16th series of CPI has been publicly released (the 15th series was phased out in June). [...]
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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...
