Category: results
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
Positive results for home values in August
The RP Data-Rismark Hedonic Home Value Index for August brought some good news for home owners when it was released recently. Reporting on the ‘total return’ of Australia’s housing, which is calculated by combining monthly gross rental and capital returns, the Index saw dwellings in Australia’s capital cities achieve upwards ‘total return’ growth of 0.2 per cent in August. According to RP Data-Rismark, such a return was the result of strong rental growth...Read complete post