Ask any real estate agent and they will tell you security is owning your own home!!. Ask America’s Generation X and they are likely to tell you something very different. The U.S. Federal Reserve Board’s Survey of Consumer Finances (SCF) for 2010 has reported what could be unprecedented levels of …
Data released from the Reserve Bank of Australia today, show Australian’s are continuing to shun housing debt despite interest rate cuts. Annual Housing credit growth has hit lows of 5.1 percent in May, continuing its downwards trend. » Financial Aggregates, May 2012 – The Reserve Bank of Australia, 29th June …
The 2011 census has shown the foundations of Australia’s housing boom may not be as concrete as first thought. The property industry has frequently said an acute shortage of homes in Australia will put a floor under Australia’s overpriced housing market. Bloomberg told the world last night, “Australia has almost …
Housing starts have fallen a seasonally adjusted 12.6 per cent in the March 2012 quarter to just 30,623 starts. This is the lowest number of commencements since 2001 and further evidence not all is well in the housing market. For the year, housing starts have plunged 24.5 percent. Short term …
On Friday, Reserve Bank governor Glenn Stevens said the housing price boom in the decade to 2007 was “unusual” and was unlikely to re-emerge any time soon. Today it is Westpac’s managing director, Gail Kelly singing the same tunes. News Limited reported today : In a closed session, Ms Kelly …
Prime Minister Julia Gillard joined the ABC’s Q&A program Monday night to answer the questions and concerns of everyday ordinary Australians. Robyn Tracey from the audience asked the Prime Minister a couple of questions on tax reform including this one on negative gearing: Why hasn’t negative gearing been abolished despite …
Despite Australian’s love affair for residential property, Australia’s housing market might just be losing friends at a faster pace than facebook. The latest loss is the Reserve Bank of Australia after governor Glenn Stevens said on Friday it should not “engineer a return to a housing price boom.” Speaking in …
Fairfax Media, with vested interests in Australian Property Monitors (APM) and the Domain has today published headline articles in both the Sydney Morning Herald and the Melbourne’s Age on-line portals about “diving” house prices. Reporting on house price data for May released today by RP Data-Rismark, Fairfax printed “Home values …
Copyright 2006 - 2022