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Queensland recovery, resources boom to boost housing starts by 6% in 2011-12 – : BIS Shrapnel
Residential building starts will increase by 5% to 171,000 during 2011-12 as economic growth and recovery efforts in Queensland help sustain the building industry, a new BIS Shrapnel report forecasts. Growth will be concentrated in resource-rich states, BIS says, with Western Australia expected to see …
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Are Australian homes most overvalued in the World?
Are the world’s ‘most overvalued homes’ in Australia? • Fears of a ’house price bubble’ – The Economist • US house prices only overvalued 3pc AUSTRALIANS love to watch their home values rise but a leading magazine says they are way overvalued. The latest quarterly …
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Rates about right: Reserve Bank
Colin Brinsden, AAP Economics Correspondent December 7, 2010 AAP Central bank governor Glenn Stevens said that after the decision to lift the cash rate last month and subsequent increases by banks, lending rates in the economy were now “a little above average”. “The board views …
Reserve Bank holds the interest rate reins
CUP Day punters could have an extra reason to cheer today, with the odds strongly in favour of the Reserve Bank keeping interest rates on hold for a sixth consecutive month. But any sigh of relief from borrowers could be short-lived, with some pundits predicting …
Why it’s in your interest to lock in volatile loans
The Reserve Bank surprised many when it decided to leave the cash rate unchanged at 4.5 per cent this month, despite the market pricing in a greater than 70 per cent chance of a rise. It has now been five consecutive months since the last …
Mortgage Choice CEO reaction to August housing finance data
The CEO of Australia’s largest independently-owned mortgage broker, Mortgage Choice, says the latest ABS housing finance data* highlights that warnings of interest rate rises are having a dampening effect on home loan demand. The August ABS Housing Finance report 5609.0 shows a reduction in …
Banks shouldn’t raise rates: Swan
Federal Treasurer Wayne Swan says banks could not justify raising rates above the official cash rate if the Reserve Bank of Australia increases its rates when it meets on Tuesday. On September 21, the RBA kept its benchmark cash rate on hold at 4.5 per …
How high will rates go?
Glenn Stevens was out last week sounding loud alarm bells about where interest rates are headed. It seems that as the economy belts full steam ahead into what Stevens has termed the biggest resources boom since the late 19th Century, interest rates are only headed …
Housing affordability: a real problem or just a whinge?
Have we become overly obsessed with housing affordability? There’s been a government summit into what is shaping up as a huge election issue. Even Aussie Home Loans’ John Symond — who lives in a house estimate to cost more than $70million — is worried about …
How to lose the mortgage millstone
Here’s a challenge. How fast could you pay your mortgage off? The sad realisation hit me earlier in the year that I’m not likely to get rich anytime soon. I know – why did I even think that would happen? The only path to financial …
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