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Australian Economy

Dr Nigel Stapledon on Australian Housing (ABC24)

ABC News 24 interviewed Dr Nigel Stapledon on the Australian Housing Market on Friday. The interview upload is courtesy of Macrobusiness. Dr Nigel Stapledon remarks, “Well Australia has been pretty lucky on the housing front in recent years. In the US we saw a major correction downwards in house prices,

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Australian Housing

First Home Buyer strike continues

Stats out from the Australia Bureau of Statistics show continued weakness in the first home buyer segment. The portion of first home buyers taking out loans fell 1.5 per cent in February to make up only 14.4 per cent of the market. Analysis from ANZ show changes to first home

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Australian Economy

Renting vs buying – half right

Thursday morning I almost burn a hole in my shirt. I was ironing my daily attire when Steve Mickenbecker from Canstar joined Kochie on Sunrise to talk about if it is cheaper to rent than buy. Kochie introduced the segment with the following slide showing the stats over the past

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Australian Economy

Unemployment rises to 5.6 per cent

After last month’s anomaly, the unemployment rate for March has increased to 5.6 per cent, up 0.2 per cent. While 36,100 jobs were lost, a falling participation rate helped soften the headline increase. This compares to Roy Morgan’s unemployment rate of 10.8 per cent for March, down 0.1%. Contributing to

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Australian Housing

Bank boss joins strike over property prices

Bank of Queensland CEO Stuart Grimshaw is just one of a growing number of individuals who can’t justify property prices in this country, and chose to rent instead. According to the Courier Mail, Mr Grimshaw rents a home in inner Brisbane. “Property in Brisbane is a bit expensive,” said Mr

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Australian Housing

‘Sick and Tired’ goes viral

TV producer and freelance writer, Tom Whitty’s frustrations of living in the largest housing asset bubble in Australia’s history has gone viral today. What originated in the main stream media has spread rapidly to social media and forum sites around the country. At the time of writing this, it has

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Australian Housing

Generous incentives fail to help new home sales

Generous government incentives, cash rebates, flat screen televisions, motor vehicles, holidays and even cooking lessons have failed to prevent new home sales slumping 5.3 per cent in February according to data released today from the Housing Industry Association (HIA). Volatile unit sales fell 11 per cent, while detached homes fell