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Settled sales data indicates that although transactions are lower over the year across the combined capital cities the number of sales is beginning to stabilise. Property transactions are an important component of the housing market, particularly for participants such as real estate agents and mortgage brokers that rely on turnover for their commission.  Furthermore, transactions […]

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The 2016 Census data provides the opportunity to look at the areas across the nation which have had the highest proportion of rental properties. The 2016 Census showed that 30.9% of residential properties nationally were rented.  The proportion of properties rented has been trending higher, increasing from 29.6% at the time of the 2011 Census […]

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Australian Economy Snapshot Source: Reserve Bank of Australia Click here to read more details: http://www.rba.gov.au/snapshots/economy-snapshot/

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  Housing prices are volatile and the media loves to latch onto any changes with big headlines.  They want to scare us into believing that there is an impending housing bubble, that the market will slow down, that the market will fall or some other painful outcome.  However, one set of numbers doesn’t tell a […]

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The latest demographic data from the Australian Bureau of Statistics (ABS) shows a rapid rate of population growth with migration the key driver. The December 2016 quarter demographic data shows that at the end of 2016 the national population was estimated to be 24.4 million persons which had increased by 1.6% over the year.  The […]

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The 2016 Census data reveals how people are dealing with unaffordable housing in the capital cities. While wage growth sits at a record low 1.9% against higher costs in basic needs like housing and health, and consumer confidence hits a 12 month low of 96.23, it is no wonder that people are paying more attention […]

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Despite a seasonally strong result over the month of June, the CoreLogic Hedonic Home Value series shows capital gains over the second quarter of 2017 is losing steam. The CoreLogic Home Value Index recorded a recovery from the 1.1% fall in May, with a 1.8% rise in capital city dwelling values over the month of […]

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By 2050 it is forecast that 70% of the people on the planet will be living in urban cities.  This is not like the historic shift of the industrial revolution where masses of people moved to the new cities to earn a living.  Most of these people have no jobs.  They are fleeing repeated natural […]

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“With recent record high levels of new housing construction and investor mortgage activity, the supply of housing stock available for rent is climbing and is expected to continue to increase.” Australia has a growing population and the people moving to Australia need to be housed somewhere.  Over recent years the uplift in population growth has […]

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Overview The Reserve Bank Board meets next week on March 7. We can be certain that the decision from the Board will be to hold rates steady. Recall the comments from the Governor in his answer to a question during his appearance before the House of Representatives Standing Committee on Economics, “At the moment the […]

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