This week saw 281 properties reported sold and 156 pass in for a clearance rate of 64 per cent. The overall clearance rate for the year to date has been 57 per cent. The suburbs showing the strongest clearance rates have tended to be on the south side of the harbour, with most areas between…
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The cash rate will fall tomorrow and most likely by 0.25%. The yield curve strongly suggests such. As at the middle of last week – I do write these in advance – the 10-year government bond rate was 3.76%, while the official cash rate was 4.25%, and the somewhat wide difference suggests that the cash…
Australia’s Budget – Federal Budget 2012/13: Surplus or bust Making Sense of itThe Federal Budget is hardly the most riveting document you are ever likely to read. Sure youknow it’s important, but the problem is that it’s a huge document with countless facts, figures andtables. And when it comes to analysis, economists seem to be…
It is interesting to observe the differences between the RBA and Treasury’s assumptions about future interest rate changes when making forecasts of economic growth. The RBA and Treasury have near-identical real GDP estimates for the years 2012, 2013 and 2014, although the RBA allows – wisely – for much more uncertainty in its projections. They…
Changes to Retail electricity contracts – Read all about it here
Rental yields continue to rise in pockets of Sydney Despite the uncertain market, rental yields have been rising steadily for one and two bedroom units in several areas of Sydney. Campbelltown, Fairfield, Liverpool, Maitland and Canterbury rents for one and two bedroom apartments were found to have grown the fastest in the Sydney Greater Metropolitan…
If you are having trouble seeing the horror budget we were told to expect, that’s according to plan. IF YOU are having trouble seeing the horror budget we were told to expect, that’s according to plan. This government has always wanted to be tough in principle, but never in practice. For most people, Wayne Swan’s…
First-home owners’ grant stays the same without the boost sought by the REIA By Jonathan Chancellor Tuesday, 08 May 2012 The Real Estate Institute of Australia (REIA) failed in its desire for the federal government to enhance the first-home buyers’ scheme to stimulate the housing market. “One of the most effective housing policy instruments in…
Budget must address low-cost rental housing to help battlers: Australians for Affordable Housing By Jonathan Chancellor Tuesday, 08 May 2012 Without measures to address housing costs, Australians for Affordable Housing says tonight’s federal budget will fail those struggling with the single biggest household expense. “With one in 10 households in housing stress, rents increasing at…
The lower north shore enjoyed a slight price revival during the March quarter, according Residex, being the strong Sydney precinct. Houses prices rose on the lower north shore by 3.79% during the first quarter of 2012 to a $1,424,500 median value. Most of the growth came during the month of March. The next strongest precinct…