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Buyers Make a Comeback
- March 1, 2013
- Posted by: admin
- Category: Finance News
No Comments[custom_frame_left shadow=”on”][/custom_frame_left] While many buyers kept out of the property market in 2012, there are signs of a comeback. 2012 saw many buyers adopt a ‘wait and see’ attitude, but they are once again becoming active as the market starts to stabilize and interest rate reductions lower the cost of ownership. Four cash rate cuts
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Housing affordability plummets
- August 19, 2010
- Posted by: admin
- Category: Finance News
Rising home values and increasing borrowing costs have seen housing affordability decline by more than 30 per cent over the past year. According to the latest HIA-CBA Housing Affordability Report, affordability fell by 9.1 per cent in the June quarter across capital cities and 6.7 per cent in regional markets. The decline brought the annual
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Home construction falls sharply in June
- July 9, 2010
- Posted by: admin
- Category: Finance News
A dip in house building after almost a year of expansion has reaffirmed the RBA’s decision to keep the official cash rate on hold in July. According to the Australian Industry Group (AIG)/Housing Industry Association (HIA) Performance of Construction Index (Australian PCI), home building fell 6.8 points to 46.4. Readings below 50 indicate a contraction
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HIA calls for rate halt
- July 2, 2010
- Posted by: admin
- Category: Finance News
Housing Industry Association (HIA) chief economist Dr Harley Dale has called on the RBA to keep rates on hold, following disappointing building approvals in May 2010. According to the Australian Bureau of Statistics, housing approvals fell in five of the six states. Tasmania and Western Australia suffered the highest falls in building approvals in seasonally
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Housing supply crippling Australia: HIA
- May 24, 2010
- Posted by: admin
- Category: Finance News
Australia urgently needs a housing reform, Housing Industry Association chief economist Harley Dale has said. According to Mr Dale, reducing the supply side obstacles that stand in the way of boosting Australia’s new housing stock represents one of the primary challenges facing policymakers in 2010. “Issues related to land supply, planning systems, infrastructure taxes and
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Home Loan Lending hit by higher rates
- February 11, 2010
- Posted by: admin
- Category: Finance News
The number of home loans for new dwellings has dropped for the second consecutive month as the effect of three rate rises last year begins to make its mark on borrowers. According to the Australian Bureau of Statistics, the number of loans for new dwellings dropped by 6.4 per cent in December, following a 7.1