Category: Finance
Housing finance approvals up for August
The Australian Bureau of Statistics last week released data regarding housing finance commitments for the month of August 2011. These are generally considered to be reasonably good indicators of the state of the residential property market as they represent the aim of the population to engage with the housing market, either through the purchase or construction of a dwelling. According to the ABS, the total value of dwellings financed in August rose 1.1 per cent (trend) compared...Read complete post
Finance figures suggest real estate off to a positive start in 2011
The real estate industry had what looked to be some positive news last week with the release of housing finance figures from the Australian Bureau of Statistics. The figures considered the level of finance commitments in November 2010, taking into account the different classes of borrowers as well as the varying purposes for seeking finance (e.g. purchase of a new home, construction of a home, etc). In what was a positive sign for the Australian real estate market, the figures...Read complete post