February 2, 2016
Construction of new homes finally on the rise
The improving housing market has finally led to an increase in new-home construction – for the first time in three years.
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February 2, 2016
Full-time jobs sliding as rates remain on hold
Expectations of a near-term reduction in interest rates remain low despite full-time job losses in the labour market being at their highest level in 16 months.
February 2, 2016
Government scraps the NHSC
The Federal Government has axed the National Housing Supply Council (NHSC).
The NHSC was established in 2008 to keep track of housing supply, demand and affordability in Australia, and to identify gaps between housing demand and supply.
February 2, 2016
Property market cools as Christmas approaches
The property market is showing signs of cooling down as we head towards Christmas, with Melbourne’s auction clearance rate dropping to its lowest level since spring began.
February 2, 2016
Banks getting nervous around risky mining towns
It’s about to become harder to get finance in mining towns as banks rein in loans in resource sector areas.
February 2, 2016
Interest rates remain steady over Christmas break
In its final meeting of the year the RBA has kept interest rates on hold.
The RBA released a statement that was identical to the previous month, stressing that the value of the Australian dollar was ‘still uncomfortably high’.
February 2, 2016
Buyers are increasingly bidding above asking prices
New research from realestate.com has found that across Australia a healthy 41 per cent of property buyers in the market in September and October were willing to bid above the asking price.
February 2, 2016
Buyers cautious as properties rush the market before Christmas
Saturday’s recorded auction clearance rate of 67 per cent was the lowest recorded for five months.
February 2, 2016
RBA governor happy to see Australian dollar hit US 85c
The RBA governor Glenn Stevens has said he wants the sliding Australian dollar to continue to fall until it hits around the 85 US cents mark.
February 2, 2016
Australian capital cities record 10% increase in house prices for 2013
The figures are out for house prices in capital cities for 2013, and they rose by nearly 10 per cent.
That’s the highest rise in house prices for four years in Australia.