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Residential land costs keep rising

Cameron Kusher    |    International

Median Selling Price of Vacant Land

Capital city vacant land prices continued to rise in 2015 however, land sizes have recently bucked their trend towards smaller lots and actually shown an increase which has resulted in a decline in the average rate per square meter of land.

At the end of 2015, the median price of vacant land across the combined capital cities was recorded at $265,000 while the median land price...

Mortgage demand shrinks in January, will it continue throughout 2016?

Cameron Kusher    |    International

ABS housing finance data for January 2016 shows that the value of housing finance commitments was recorded at $31.9 billion over the month.  Based on this figure, mortgage lending fell by -3.4% over the month.  Even though the data is seasonally adjusted, we often see falls in mortgage lending over January so perhaps we need not read too much into the fall, however, this is the...

Investor mortgage demand steadies in December as new lending to owner occupiers start to flatten

Cameron Kusher    |    International

Earlier this week both housing and lending finance data for December 2015 was released.  The data sets provide a nice summary of mortgage lending throughout 2015.  According to the housing finance data there was $390.7 billion worth of mortgage lending undertaken in 2015.

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Housing Market Update Across Australia: February 2016

Tim Lawless    |    International, Videos

The capital city housing markets started the year off on a positive note with dwelling values rising by 0.9 percent in January. The month on month lift in dwelling values wasn’t enough to offset the weaker readings in December and November which dragged the rolling quarterly rate of capital gain down 0.6 percent.

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Sydney and Melbourne are the only capital cities with any significant increase in inflation

Cameron Kusher    |    International

Last week the Australian Bureau of Statistics (ABS) released its quarterly Consumer Price Index (CPI) data for the December 2015 quarter.  The data showed that inflationary pressures remain very low with headline inflation rising 1.7% over the year and core inflation (underlying inflation) increasing by 2.0% over the past year, which is right at the lower end of the Reserve Bank’s...