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Blog Entries by Cameron Kusher

Australia: Dwelling approvals drop in May 2016, a year after they hit a record high

Cameron Kusher

Monthly Dwelling

Building approvals data for May 2016 was released yesterday by the Australian Bureau of Statistics (ABS). According to the data, there were 19,276 dwellings approved for construction over the month.

The 19,276 approvals in May 2016 are the lowest number of monthly approvals in four months. Despite a monthly fall in approvals, they remain at historically high levels however, they...

Demand for Overseas Buyers Increased in Australia During 2014/2015

Foreign buyers accounted for approximately 7.4 percent of all Australian dwelling sales

Cameron Kusher    |    International

AU Map

Recently released data from the Foreign Investment Review Board (FIRB) which covers the 2014/15 financial year revealed that demand from overseas buyers increased substantially.  The data shows that approvals to foreign buyers increased by 60 percent over the 2014/15 financial year. While that’s a large jump in approvals, the previous financial year saw approvals to foreign buyers...

Tighter lending policies see a reduction in investor and riskier lending types

Cameron Kusher    |    International

YOY change in the total value of outstanding mortgages

Yesterday, the Australian Prudential Regulation Authority (APRA) released its quarterly Authorised Deposit-taking Institution (ADI) property exposures data for the March 2016 quarter. This data is really valuable as it provides additional insight into the mortgage market, including data which is not available from the monthly housing finance statistics.

The data initially focuses...

The value of construction work done continues to fade in Australia

Cameron Kusher    |    International

Value of construction work done

The Australian Bureau of Statistics released construction work done data for the March 2016 quarter earlier today. The data set looks at the value of construction work completed over the quarter and is an input to the national accounts (GDP) data.

Over the quarter, the value of construction work done was $47.928 billion which was down -5.5% over the quarter and -7.2 percent...

Housing finance commitments rise in February however, the value of commitments is still below its peak

Cameron Kusher    |    International

Value of Owner Occupier

Housing finance data for February 2016 was released earlier today by the Australian Bureau of Statistics (ABS). According to the data, the total value of housing finance commitments over the month was $32.8 billion which was 2.6% higher over the month and 6.0% higher year-on-year. Although the value of housing finance commitments is higher over the month and year, it is currently -2.7% lower...