I’m writing this blog entry from an internet cafe in Riga, Latvia as I am lucky enough to be on a month’s holiday. My previous stop was St Petersburg and my tour guide provided a very interesting insight into the local property market which I thought I’d share with you. Of course these are just [...]
About Tim Lawless
Tim heads up the RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia
The real deal with auction results
Last weekend was another stellar week for Australia’s auction markets. The national weighted average clearance rate was 75 percent (the 14th consecutive week of national clearance rates being above 70 percent) and the total number of auctions across the country is still well above average: there were 1,310 auctions held last week compared with the [...]
What affect will higher mortgage rates have on the Australian residential property market?
If financial markets are anything to go by we are likely to see the cash rate lifted in both November and December bringing the official cash rate up to 3.75 percent and the average variable mortgage rate to around 6.5 percent (see the cash rate futures yield curve here). Economists seem to be aligned with the [...]
Record August growth in home values despite first home buyer demand winding back…
National property values jumped by almost 2 per cent in August in the largest monthly movement since the RP Data-Rismark Home Value Indices began in January 2005 Using the rpdata.com (ASX: RPX) property database, which is Australia’s largest and includes over 170,000 sales during the first eight months of 2009, Australia’s housing recovery solidified during [...]
Population growth is booming but housing starts remain at historic lows
According to the ABS, Australia’s population growth has hit the record books (again) with a net increase of 439,000 new residents over the year to March 2009. To provide some perspective, in raw numbers Australia’s population growth has never been this high. In percentage terms, population growth hasn’t been this high since the baby boom. [...]
RP Data – Rismark Home Value Index Release
Yep – Things are getting better
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