property news

The week that was in property
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Retail trade data for January 2016 was released by the Australian Bureau of Statistics (ABS) earlier this week. After retail trade Retail trade data for January 2016 was released by the Australian Bureau of Statistics (ABS) earlier this week.  After the value of retail trade fell by -0.1% in December 2016, retail sales rebounded by…

The week that was in property
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The Reserve Bank (RBA) released the minutes of their October monetary policy meeting earlier this week. At the meeting the RBA board decided to keep official interest rates on hold at 1.5%. The major points of note from the minutes were: • GDP growth moderated in the June 2016 quarter however, it was higher than…

Weekend Reads - Must reads articles from the last week
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There are more interesting articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the ones I’ve read during the week. The weekend will be over before you know it, so enjoy some weekend reading…and please forward to your friends…

The week that was in property
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Earlier this week the Reserve Bank (RBA) released the minutes of their May 2016 board meeting. At that meeting they decided to reduce official interest rates to a new historic low of 1.75%. Since the meeting, the RBA has also released their Statement on Monetary Policy in which they have significantly reduced their forecasts for inflation which…

17 Major Property Markets Recorded Falling Prices | Residex April Market Update
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The latest data and analysis of the Australian housing market reveals that 17 of our major dwelling markets recorded negative growth in the March quarter. The following table  presents the latest statistics summary:- Table 1: February 2016 Summary The surprising capital growth standouts were the ACT and Hobart – Australia’s smaller and often forgotten cities. Capital…

The week that was in Property
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The Australian Bureau of Statistics (ABS) released housing finance data for February 2016 earlier this week. The data showed that over the month there was $32.8 billion in housing finance commitments which was an increase of 2.6%.   Although the value of housing finance commitments increased over the month, they were -2.7% lower than the record high…

Latest Property News [VIDEO]
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Want to catch up with what happened in property this week? This short video covers: Mining housing market Capital city house prices rise in 2015 financial year BIS Shrapnel reports that Sydney house prices are set to fall in 2017 Commercial property investment market This week’s auction results Plus much more

Latest Property News [VIDEO]
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Want to catch up with what happened in property this week? This 4 minute video covers: The RBA is open to a third interest rate cut Joe Hockey’s controversial comments regarding first home buyers The pattern of rising home loan demand Auction clearance rates Plus much more