Category: Statistics
Latest inflation indicators
It is well known that inflation has been a key influencer of the Reserve Bank of Australia’s interest rate decisions over the course of the year with the Bank aiming for a target range of 2 – 3 per cent over 2012 and 2013.
While the official inflation data, the Consumer Price...Read complete post
Residential property market shows early signs of recovery with home loan approvals up in September
The national residential property market received some good news recently, with the Australian Bureau of Statistics’ release of its Housing Finance data for September 2011. These figures showed a lift in the number of home loans approved across the country over the month, which could potentially indicate a strengthening of the housing market. According to figures released by the ABS, September saw the total number of owner occupied housing commitments...Read complete post
Lowered inflation paves way for rate cut
Last week saw the Australian Bureau of Statistics release the Consumer Price Index for the September 2011 quarter. In good news for home owners and prospective borrowers, the measure, which serves as the official inflation data referred to by the Reserve Bank of Australia when setting the official cash rate, was unexpectedly low. The September quarter saw the CPI rise by 0.6 per cent, down from the 0.9 per cent rise seen in the June quarter 2011. Over the year to...Read complete post
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