By Catherine Cashmore on 12 Aug 2013 No Comments yet, your thoughts are very welcome
The last time the Reserve Bank moved interest rates so close to an election was back in August 2007, just prior to John Howard’s demise from office. Of course at that point, the cash rate was lifted +0.25 per cent to 6.75 per cent. Governor Glenn Stevens remarked that, “the world economy is still expected to grow at an above-average pace" ...
By Catherine Cashmore on 5 Aug 2013 No Comments yet, your thoughts are very welcome
As we tick over into August and await another interest rate drop, new housing data for the preceding month is once again filtering through. Firstly, RP Data and Rismark have released their July Hedonic Home Value Index Results, which showed a 1.6 per cent rise in capital city dwelling values ...
By Catherine Cashmore on 29 Jul 2013 No Comments yet, your thoughts are very welcome
I wrote a little last week regarding the REIV’s somewhat questionable statistics; namely, that revisions typically occur 3 months after the quarterly figures are released, and seasonal adjustments can shift negative data into the positive. Figures are revised because all data providers suffer from a lag in reported results ...
By Catherine Cashmore on 22 Jul 2013 No Comments yet, your thoughts are very welcome
The REIV have released their June quarterly statistics, which show a seasonally adjusted 2.4 per cent rise in the median house price. This takes Melbourne’s median house price from a revised $549,000 in the March quarter to $562,000 for the June quarter. The median unit price also showed a similar increase ...
By Catherine Cashmore on 15 Jul 2013 No Comments yet, your thoughts are very welcome
A 76 per cent clearance rate was recorded this weekend, albeit on low numbers (354 auctions). With only 6 results unreported, we can expect this figure to remain the same when the midweek update is released. However, there seems to be some uncertainty to the figures. The REIV’s clearance rate on a total of 402 auctions was 75 per cent ...
By Catherine Cashmore on 8 Jul 2013 No Comments yet, your thoughts are very welcome
June house price statistics have come in from the REIV. They indicate a continuation of the modest increases we have been experiencing in aggregated values. Over the 30 day period, dwelling prices rose by 1.3 per cent, which, as the REIV notes, is the highest level since April 2011 ...
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