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 [...]
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 [...]
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). [...]
The ups and downs of the multi-speed economy
We’ve commented quite a few times recently on how the low volume of homes being transacted across the country is creating tough conditions across the real estate sector. Transactions volumes nationally are running about 11% below the five year average. The good news is that national sales volumes have shown some subtle improvements over the [...]
Who’s got the biggest?
When it comes to land area, size matters. Or at least it used to. More recently, with affordability pressures from a buyer’s perspective, yield pressures from a development perspective and urban management from a policy perspective, we have seen an extended trend towards smaller blocks of land across each of the capital cities. The trends [...]
The pre-stamp duty surge
We’ve just updated our month to month models for transaction volumes and the results for Queensland are certainly interesting. Most Queenslanders would be aware of the stamp duty changes that were brought in with the latest Budget announcement earlier in the year: from the first of August owner occupiers would no longer benefit from stamp [...]
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 [...]
The geography of jobs
Having a job is pretty high on the list of household priorities. Also high on the list is having a degree of confidence that you are going to keep your job into the future and that you are going to be paid a fair amount. With Australia’s unemployment rate at just 5.1% it’s reasonable to [...]
What does the recent improvement in consumer confidence mean for the Australian housing market?
The relationship between consumer confidence and housing market activity is a topic that we often comment on in relation to the housing market. The importance of a positive consumer mindset is simple; for a prospective buyer to make a high commitment purchase decision like buying a home they need to have a base line level [...]
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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...
