There are no surprises in this months release of the RP Data‐Rismark July Hedonic Home Value Index. House prices continue to decline, falling a seasonally adjusted 0.6% in the month of July and registering the 7th straight month of falls. Since the start of the year, Australian capital city prices …
According to figures released from the Housing Industry of Australia, sales of new homes are down 8 percent for the month of July. This follows a similar size fall in June of 8.7 percent and has the housing industry begging the government for more stimulus. But while the housing lobby …
Channel 9’s reality TV show The Block has tonight transparently shown the nation via their arm chairs, the true depressed state of the property market. Only one of the four renovated houses sold at auction yesterday at the Fitzroy Town Hall. The only property sold – Polly & Warwick’s, fetched …
Chronic housing affordability has seen the number of first home buyers drop by almost 50 percent in Adelaide. Figures supplied to the Adelaide Advertiser by Treasury, show only 6570 South Australian First Home Buyers signed on the dotted line to purchase a home in 2010-11, a dramatic drop from the …
Talking at an Asia Society Dinner in Sydney, World Bank president Robert Zoellick has warned that fragile confidence from recent events in the United States and Europe have pushed us into a new danger zone “And I don’t say those words lightly.” But these comments come as no surprise to …
Boy, what a turbulent couple of weeks on global stock markets. In Australia, the All Ordinaries lost 3.75 percent over the week ending 29 July only to accelerate and plunge 7.49 percent the following week. This included a free fall of 4.21 percent last Friday. This week has seen some …
Channel 9’s 60 Minutes has tonight shown a story about record number of Australia’s struggling to keep up with their mortgage repayments, suggesting renting may just keep you ahead of the game. A transcript of the story will be available tomorrow. » The Big Squeeze – 60 Minutes, 7th August …
Last week, figures from the Reserve Bank of Australia showed home loan credit growth was at its lowest level ever recorded, with RBA records dating back to the 1970’s. On Tuesday the ABS released the latest quarterly update to 6416.0, House Price Indexes: Eight Capital Cities, Jun 2011. With extremely …
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