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Australian Economy

Eight months into the Australian housing recession

Eight months into Australia’s housing recession and there is no signs of letting up, not that we would expect any let up unless the government decided to intervene. According to the RP Data-Riskmark Hedonic Index released today, nationally house prices fell a seasonally adjusted 0.4 percent in the month of

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Australian Economy

Gen Y refusing to leverage into asset bubble

The Melbourne Herald Sun has reported on research from RateCity, showing in the 12 months to July, 40,000 fewer first home buyers entered the property market compared to the previous 12 months. This has seen mortgage lending fall some $11 billion dollars, at a time when housing costs were approximately

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Australian Economy

Rent or Buy?

Mortgage insurer Genworth Financial yesterday released its September Homebuyer Confidence Index showing the number of Australian’s with mortgage stress in Australia has jumped to 25 percent and is now at unprecedented heights, even exceeding levels experienced during the Global Financial Crisis. With this in mind, is it better to rent

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Australian Economy

Wayne Swan : Treasurer of the Year

The Howard Era is known as a period between the 11th March 1996 and the 3rd of December 2007 where John Howard held the position of Prime Minister of Australia and Peter Costello, the Treasurer of Australia. It’s also known as the longest period of economic expansion in Australia. But

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Australian Economy

Are economists blinded by our housing bubble?

Philip Soos, a researcher at Deakin University’s School of International & Political Studies and author of the paper Bubbling Over : The End of Australia’s $2 Trillion Housing Party posses the question if economists are ignoring our property bubble? In an article published today and titled Are economists ignoring Australia‚Äôs

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Australian Economy

SQM: House prices could be down 15% by June 2012

With data showing national house prices have been falling for the last 7 months, SQM Research has told Fairfax Newspapers today, it expects June 2012 house prices in Melbourne, Brisbane and Perth to be as much as 15 percent lower than 2010 peaks, provided there are no sudden problems in