The combined capital city housing markers have seen values increase by 7.0% over the first 11 months of 2014. Throughout the whole of 2013, capital city home values increased by 9.8% indicating that the rate of home value growth is likely to be lower this year than last. On an annualised basis, combined capital city […]
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The RP-Data Rismark Home Value Index reported its first month on month fall in May after capital city dwelling values consistently rose over the previous eleven months. The extent to which the May decline was a seasonal factor has been a key topic across the media; generally the month of May is a seasonally weak […]
The latest consumer sentiment data arrived yesterday from Westpac and the Melbourne Institute. The reading of consumer confidence fell for the fourth consecutive month and moved below the 100 mark where optimists and pessimists are equally balanced. With a reading of 99.5, the index is virtually at a neutral setting but more than 10 index […]
Is now a good time to buy a property or home? 74% of respondents believe now is a good time to be buying property. While the results show the vast majority of those surveyed think the timing to purchase a home is good, the results are a reduction from our May 2013 results where 80% […]
The Reserve Bank’s monetary policy settings are working. Dwelling values are rising, as should be expected when mortgage rates are at historic lows. But arguably what is more important is that the renewed level of housing market confidence is showing up in improved development activity and demand for new homes. This is exactly what the […]
As the housing market recovery continues in a fairly sedate manner, I thought it would be interesting to compare some of the key housing market metrics that we follow to observe the differences in the current market recovery compared with market conditions back in 2009/10 which was the previous recovery/growth phase post GFC. The analysis […]
RP Data, together with Nine Rewards, released an update to their housing market sentiment survey this week. The headline findings showed that housing market sentiment was substantially higher than what it was six months ago, but virtually unchanged from earlier in the year. The survey was conducted across 1,030 respondents who were located across the […]
Consumers more optimistic about Australia’s housing markets in 2013 Last week Nine Rewards and RP Data undertook our second housing market sentiment survey. The first survey was in October last year and we intend to run the survey every three months. The results were stronger than I expected, in the sense that only a very […]
The confidence level amongst Australian consumers (as measured by the Westpac-Melbourne Institute Consumer Sentiment Index) has been on an upwards trend since April this year, and over November the Index recorded a sharp rise to reach the highest level since April 2011. An easy way to interpret the index is when the reading is over […]
With the low CPI reading earlier this week, a drop in the cash rate next Tuesday is pretty much a done deal. The question is now will the RBA cut the cash rate by 25 or 50 basis points? According to financial market expectations (based on the ASX cash rate futures yield curve), the cash rate […]
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- @LeaderOnline I think that was supposed to be 'won't' continue to grow at 9% per annum?! 2 weeks ago
- Consumers looking more optimistic post budget (historically, sentiment & housing transactions are highly correlated) https://t.co/zYe0Ys1udU 2 months ago
- Foreign buying data from FIRB is out but it's nearly a year old! Hopefully the data will flow quicker in the future! http://t.co/z0K1fUirmf 2 months ago
- @srodrigues45 @JordanEliseo @beckyquick83 @macro_business @leithvo @DavidLlewellynS https://t.co/l5S59tavYl 22 hours ago
- If the $A keeps falling imagine what that could do to demand for Syd & Mel property #ausbiz #auspol #ausproperty http://t.co/DbFgxXcSQL 1 day ago
- RT @GrogsGamut: My latest for @GuardianAus "The one graph that explains the (worrying) end of the mining boom (+ a few others)" http://t.co… 1 day ago retweeted via GrogsGamut
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- Listed properties being absorbed faster & total listings lower than at the same time last year across most cities. http://t.co/OxVnZ7ecpp 1 day ago
- Last week's auction volumes down, however clearance rate the strongest since June at 78.1%. See results: http://t.co/6hfBRlF7Zy #auctions 1 day ago
- Introducing the latest property insights portal for all your buying & selling needs! Check it out today > http://t.co/VdMHTQLMGL 3 days ago