The “real” unemployment rate is down, but still much higher than you think

One of the biggest drivers of our property markets is consumer confidence. And one of the important factors in consumer confidence is job stability.  While “official” unemployment rates seem low, Roy Morgan research suggests a total of 2.390 million Australians, 17.9% of the workforce, were either unemployed (1,253,000) or under-employed (1,137,000) – down 90,000 (down 0.9%)…

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State by State Housing Market & Economic Update | Chart Pack March 2017

After a head spinning 2016, our property markets started 2017 with a bunch of mixed predictions. Some called a property bubble, while others forecast lower, but continuing capital growth. Well…the scorecard is in for the first two months of the year have already surprised on the upside. CoreLogic recently released their monthly chart pack which gives…

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Capital city house price growth sliding – Sydney down sharply

Capital city housing markets have started the year with mixed results but with overall annual prices growth generally continuing to decline.  Hobart and Melbourne have reported the highest growth with February median asking prices for private sale houses increasing by 10.6 per cent and 9.6 per cent respectively compared to February 2016. Other capitals however…


Brisbane Vacancies on the Rise

Over the past 5 years, the sunshine states capital has experienced a surge in residential apartment constructions; fuelled predominantly by the mining sector as well as a slight pick-up in foreign tourism numbers, however, with the rapid decline of the mining and commodities industries, is tourism enough to solely drive the economy? SQM Research recently…

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