Storm clouds overshadowing the Australian Residential Property Market show no signs of abating. The rain has settled in and appears to be here for the medium term. Today’s monthly release from RPdata shows house prices across the country fell a seasonally adjusted 0.3 percent in April. Perth lead the falls …
Financial commentator and co-host of Channel 7’s Sunrise, David Koch, is considered one of the more influential people in the finance industry, appealing to much of the Mum & Dad segment. Today, Kochie featured a story on Australia’s falling property market – yes, that’s right, falling. In an interview with …
Home loan approvals have fallen to 10 year lows in Australia and is set to put further downwards pressure on house prices over the coming year. Approvals for owner occupied housing loans fell 1.5 percent, seasonally adjusted, for the March 2011 quarter. As most buyers require loans to purchase property, …
Late last month we reported on news of the Gillard Government considering the scaling back of Negative Gearing in Australia. (See Negative Gearing Rort added to Endangered Species List) The Australian has today reported on a couple trying to sell an investment property after the uncertainly brought about from these …
The 2011 Federal Budget released on Tuesday night should come as a welcome relief for aspiring first home buyers faced with chronic affordability issues. As expected, the Government has this time bucked previous trends and decided not to meddle with the property market. Hopefully, this time, the government will leave …
The ABS has today released data showing Australian Retail Sales have fallen a seasonally adjusted 0.5 percent in the month of March. The fall has come as a surprise to many economists who had expected sales to actually increase 0.5 percent. In early April, we reported on the Net Savings …
Figures released today from the ABS show house prices in Australia has fallen a larger than expected 1.68 percent in the March quarter, recording the biggest fall since the global financial crisis. Economists had only expected a 0.5 percent fall. Both Melbourne and Brisbane lead the change in fortune recording …
Copyright 2006 - 2022