Investment into property renovation is continuing its trend south according to a Housing Industry Association (HIA) discussion paper titled, “Renovations Activity: The recent deterioration and outlook.” It revealed a sharp decline in renovation lending over the past two years. According to the paper, there have been five consecutive reductions in the value of investment into renovations since the September quarter of 2011 ...
In 1928, Irving Fisher wrote an important book called The Money Illusion, which explained how we as humans tend to think in currency in nominal terms rather than real terms. It’s an illusion, particularly because now in the modern era we have fiat currencies ...
We’re slowly approaching the winter market, and in line with seasonal expectation, quality listings are reducing and state-wide median prices are softening. RP Data’s daily index shows a 1.2 per cent decline in capital city home values and SQM’s stock on market data indicated a -1.1 per cent fall over April ...
Luke Sacco, a partner with Nelson Alexander, says the Parkville area is continuing to perform strongly, largely because there are only 350 properties within the suburb. "Surprisingly, Parkville is a relatively quiet suburb, even though the CBD is on your doorstep" ...
The manufacturing industry was dealt a huge blow this week when Ford announced it would be shutting its Broadmeadows and Geelong factories in three years. In what will be a comfort for some, the RBA hinted that further interest rate cuts are a possibility ...
How do Melbourne’s luxurious pads compare on a worldwide scale? From Monaco to New York, London to Tokyo and back to Melbourne again, we toured some of the most expensive apartments on the globe ...
