Real Estate Agents and Property Lobbyists have opened their new years’ bottles of Champagne early today as figures from the RP Data-Rismark home value index show house prices rose just 0.1 percent (noise) in November after the worst year for Australian real estate in more than a decade. Home price …
The Australian Banking Regulator has given Australian banks one week to stress test their resilience to the unemployment rate rising sharply to 12 percent, a 30 percent decline in residential house prices, a 40 percent decline in commercial property values and a contraction of GDP. It is believed APRA want …
Ratings agency Moodys has indicated Australia house prices are simply not sustainable based on simple metrics and has placed Australia’s mortgage insurance industry on negative watch. Ilya Serov, lead analyst at Moody’s said “Capital city house prices have more than quadrupled and household debt has tripled since 1990. Simple metrics …
We have often warned that negative gearing is really only good when house prices are rising. Now the mainstream media is ringing the same bells. The Sydney Morning Herald writes: In a rising property market, negative gearing can be a good strategy to build wealth – but watch out when …
Australia’s Central Bank has today cut the official cash rate by 25 basis points to 4.25 percent, effective tomorrow. This cut follows a 25 basis point cut last month and could suggest the economy is not as robust as initially thought, having been bash about by the Eurozone crisis. The …
With the European debt crisis effecting consumer confidence around the globe, HSBC’s China Purchasing Managers’ Index (PMI) dropped to 47.7, a little bit weaker than last weeks preliminary flash figure. Values below 50 indicates the conditions are contracting and deteriorating. Today’s figure comes in at a 32 month low. The …
Melbourne may need more than an endangered frog to stir up pent up demand if last months’ building approvals are anything to go by. Home approvals fell 10.7 percent in the month of October contributing to a 29.8 percent fall for the year. Apartments and units have lead the falls, …
Copyright 2006 - 2022