TalkFinance.net - Kangaroo House Prices http://www.talkfinance.net/ Is Australia in a bubble or will house prices always double every seven years? en Fri, 18 May 2012 20:08:48 GMT vBulletin 1 http://www.talkfinance.net/images/fun/misc/rss.jpg TalkFinance.net - Kangaroo House Prices http://www.talkfinance.net/ Sydney Prices Fall 10% http://www.talkfinance.net/f32/sydney-prices-fall-10-a-24629/ Thu, 17 May 2012 04:55:45 GMT There are not many sources of house prices that are readily available. Housing NSW releases an excellent report on prices and rents each quarter: ... There are not many sources of house prices that are readily available. Housing NSW releases an excellent report on prices and rents each quarter:

http://www.housing.nsw.gov.au/NR/rdo...RSReport99.pdf

Some of the details of the December quarter sales report:
  • Sydney - All dwellings fell -9.6% year-on-year
  • Sydney - Non-Strata (houses) fell -13.7% year-on-year

This quarter's data includes the end of year tax exemption for FHBs that caused a bump in sales.


This data should be available on a more timely basis, but better late than never. ]]> Kangaroo House Prices SIM http://www.talkfinance.net/f32/sydney-prices-fall-10-a-24629/ More or less jobs? http://www.talkfinance.net/f32/more-less-jobs-24387/ Thu, 10 May 2012 03:02:49 GMT AUSTRALIA'S unemployment rate dropped a seasonally adjusted 0.2 per cent in April - a result which was much better than expected.

There were 598,000 Australians without a job in April and 11.5 million people in the workforce.
The forecast was for total employment to have fallen by 5,000 in April with the unemployment rate at 5.3 per cent.
Full time employment decreased by 0.1 per cent, while part time employment rose by 0.8 per cent.
The participation rate decreased 0.1 pts to 65.2%.

Jobless rate drops 0.2pc in April | Adelaide Now

The economy added 15,500 jobs last month – better than the 5000 jobs analysts had been tipped companies would shed. The net gain, though, was entirely the result of 26,000 part-time positions being created, with employers actually cutting 10,500 full-time roles in April.

Read more: Australian economic news | Jobless rate

I find the major issue the drop in the participation rate....

A really good set of charts here...
http://grogsgamut.blogspot.com.au/20...t-rate-52.html
"The participation rate has been declining since November 2010 when the seasonal rate hit a record 66 per cent" ]]> Kangaroo House Prices Demografix http://www.talkfinance.net/f32/more-less-jobs-24387/ <![CDATA[ABS figures show Australia's housing price bubble is bursting: Steve Keen]]> http://www.talkfinance.net/f32/abs-figures-show-australias-housing-price-bubble-bursting-steve-keen-24362/ Wed, 09 May 2012 12:08:09 GMT ABS figures show Australia's housing price bubble is bursting: Steve Keen

I guess this forum is quiet lately as what is predicted in the last 2 years are gradually becoming reality?

Another interesting one-Tax stats unmask negative gearing

Australia's loss-making landlords - Leith van Onselen - MacroBusiness

Another interesting one- RP Data: home prices down sharply in April- look at its second chart- the decline so far seems to exceed 2008 at present....

RP Data: home prices down sharply in April - MacroBusiness


And another one- from Macrobusiness again- it is a great website I just found- Weekly RP Data house price analysis

Australian house Prices - Leith van Onselen - MacroBusiness.com.au

Well, thank you for uploading lots of info in the past- I wish you enjoy my small link contribution ]]> Kangaroo House Prices judamani http://www.talkfinance.net/f32/abs-figures-show-australias-housing-price-bubble-bursting-steve-keen-24362/ News Melbourne Prices Falling http://www.talkfinance.net/f32/melbourne-prices-falling-24275/ Mon, 07 May 2012 08:58:26 GMT There is less need to blog about falling property prices as the mainstream media is catching on; Top end caught flat-footed as property slump... There is less need to blog about falling property prices as the mainstream media is catching on;

Top end caught flat-footed as property slump worsens

Quote:
Melbourne's rich and famous are facing losses of up to 25 per cent in the luxury apartment market as the top-end property slump worsens.
But you can always try to catch the falling knife;

Quote:
...deals were still being done and some buyers were now wanting to get back into the market because of the recent price falls.
]]> Kangaroo House Prices SIM http://www.talkfinance.net/f32/melbourne-prices-falling-24275/ Slashing Rates is Bad News http://www.talkfinance.net/f32/slashing-rates-bad-news-24082/ Tue, 01 May 2012 08:53:22 GMT The RBA cutting interest rates is not good news for Australia. Reserve Bank slashes interest rates 50 basis points... The RBA cutting interest rates is not good news for Australia.

Reserve Bank slashes interest rates 50 basis points

There are several unintended consequences of this move.

The first is that it reduces the 'carry trade' premium, where somebody borrows at a low rate of interest and invests in Australia at a higher rate. This could easily push the dollar below parity.

Much of the recent gains in Australia have come thanks to a high dollar. Even the low inflation figure was made up of changes in price of goods due and travel thanks to a high dollar. Commodities prices are also boosted by a high dollar.

If these start to unwind, then there could be feedback loops in the economy.

The RBA hopes that they can kick-start the debt driven spending of the last few decades by lowering interest rates. This has not worked in the USA, Japan or Europe.

We really are on a roller coaster now, and the RBA just let off the hand brake... ]]> Kangaroo House Prices SIM http://www.talkfinance.net/f32/slashing-rates-bad-news-24082/ 17 Year Low http://www.talkfinance.net/f32/17-year-low-24030/ Mon, 30 Apr 2012 14:52:09 GMT What started in 2010 is now hitting the big time: New home sales plummet to 17-year low... What started in 2010 is now hitting the big time:

New home sales plummet to 17-year low

You don't need to be a fringe blog anymore to see what's happening in the Australian housing market. ]]> Kangaroo House Prices SIM http://www.talkfinance.net/f32/17-year-low-24030/ Property Price Information http://www.talkfinance.net/f32/property-price-information-23690/ Thu, 19 Apr 2012 08:52:52 GMT There are a couple of new sites that allow you to check on price information for Australian property. They use publicly available data that in the... There are a couple of new sites that allow you to check on price information for Australian property. They use publicly available data that in the past it has been very difficult to find.

On the House has detailed pricing history dating back over a decade in some cases. It contains rental price information that can be otherwise extremely difficult to find.

Property Reporter has data on recent sales and auction results. Again, this information is public, but has not been easily accessible in Australia.

The graph of median property prices on the main page of Property Reporter is very simple and quite dramatic.

Individual State graphs are also illuminating. It is easy to see the effect of removing Stamp Duty exemptions in NSW. There was a rush to buy before December 31, with almost 8,000 properties sold at the cut-off.

The sample size outside NSW and Victoria is smaller, but hopefully they will continue to publish their data. ]]> Kangaroo House Prices SIM http://www.talkfinance.net/f32/property-price-information-23690/