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New home sales rebound
- March 1, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Wealth
No CommentsNew home sales hit the right note for the new year, posting a fourth consecutive rise in January. According to the latest Housing Industry Association (HIA) New Home Sales report, seasonally-adjusted new home sales increased by 4.2 per cent in January 2013, reflecting a 4.0 per cent increase in detached house sales and a 4.9
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Buyers Make a Comeback
- March 1, 2013
- Posted by: admin
- Category: Finance News
[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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New home sales climb
- January 10, 2013
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Wealth
New home sales posted a second consecutive monthly improvement in November 2012, according to the Housing Industry Association (HIA). The improvement was driven by a lift in sales of detached housing, according to a statement from the association. The HIA New Home Sales report showed a 4.7 per cent increase in new home sales in
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New home sales drop further
- January 6, 2011
- Posted by: admin
- Category: Enconomy, House prices, Interest rate
The number of new homes sold fell slightly in November as the RBA’s cash rate hike bit down on home buyers. New home building conditions weakened considerably over the second half of 2010 and the November rate hikes rubbed further salt into the wound. I think new home building activity looks set to decline across
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Banks warned not to raise rates
- October 6, 2010
- Posted by: admin
- Category: House prices, Interest rate
While the RBA decided to leave rates unchanged yesterday, there is growing speculation that not all the majors are prepared to follow suit. According to a report both Westpac and ANZ said they have no plans to change their interest rates in the immediate future. However, both NAB and CBA refused to be questioned on speculation
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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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Banks pounce on interest rate hike
- May 6, 2010
- Posted by: admin
- Category: Finance News
The RBA’s sixth hike in eight months takes the official cash rate target to 4.5 per cent and will add about $48 a month to mortgage repayments on a $300,000 loan with a 25-year term. The Commonwealth Bank was the first of the big banks to announce it was lifting its rates following the RBA
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The Reserve Bank has signalled more home loan interest rate rises are on the way after it yesterday lifted the cash rate to 4 per cent…
- March 3, 2010
- Posted by: admin
- Category: Finance News
The RBA raised interest rates by 0.25 percentage points in a move widely expected by economists, and most predict rates will rise about one percentage point over the remainder of 2010. The big banks wasted no time following the RBA’s lead. The Commonwealth Bank announced within 90 minutes of the RBA’s decision that it would