Housing finance surprise, don’t tell…

Today’s ABS housing finance data for March showed a surprising seasonally adjusted 0.3 per cent rise, running contrary to the touted fall of 2.0 per cent by many analysts. So, what’s the story? A deeper analysis indicates a swing to locking in rates at their current level in anticipation of forthcoming rises. Some have been keen to delve deeper into the state by state data (clearly showing a surge in WA), cutting through the spin we relate the weekends’ Sydney and Melbourne activity with a possibly a deeper current. Call us optimistic, but, could the tide be on the turn? More…

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Growth matched with inflation

Cameron Kusher (RP Data) reviews the March figures on national property prices, overall a 0.2% increase now since November 2010. Interesting to note rolling year to date Canberra has shown the least change (-0.3%). In summary, turning points for Brisbane and Perth while Sydney expected to be the frontrunner over the remainder of the year. More…

Cue Tumbleweeds?

“Perth on a Saturday afternoon is like Brisbane was 20 years ago”. That was the comment from a businessman returning from WA recently which prompted the suggestion, how important it is to get on the ground and see an area before really knowing what is going on? Can you confidently asses a markets trajectory from an armchair? Terry¬† Ryder shares some of the BIG numbers in the big state – More…

The NEW Australia

This weeks national accounts figures show some fairly dramatic differences in the final demand between states. Based on projected results could we see NSW and Victoria relegated to the bench? All points to major structural change, within 5 years! Imagine a Queensland capable of getting its tourism industry back on track… More.