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News Items

Vacancies ease in Sydney but market remains tight

Posted in News Items on 16th February 2012 by Terry Ryder

New vacancy figures indicate Sydney’s vacancy rate is the highest since August 2006 – but remains below 2% and is expected to tighten from March onwards. The Real Estate Institute of NSW…

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Borrowers can negotiate rate cuts

Posted in News Items on 8th February 2012 by Terry Ryder

Borrowers are being encouraged to demand a rate cut from their lenders, despite the Reserve Bank's decision yesterday to keep the official cash rate unchanged at 4.25%. Financial comparison…

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Rates unchanged, in defiance of media forecasts

Posted in News Items on 7th February 2012 by Terry Ryder

The extraordinary ability of economists to collectively get in wrong most of the time has again been demonstrated, with the Reserve Bank deciding at its meeting today to keep interest rates on…

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Price data records end to city price decline

Posted in News Items on 1st February 2012 by Terry Ryder

The decline in prices in Australia’s capital cities has pretty much bottomed, based on data for the December Quarter from various research sources. The Australian Bureau of Statistics today…

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Mortgage market will be busier this year

Posted in News Items on 26th January 2012 by Terry Ryder

Australia’s mortgage market is gearing for a busier year, a new analysis by financial comparison site RateCity suggests, confirming my expectation of a stronger and brigher year in real…

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First-time buyer numbers rise sharply

Posted in News Items on 20th January 2012 by Terry Ryder

A major increase in the number of first-home buyers has added to other evidence of improving prospects for property markets around Australia. The number of first-home buyers increased 18% in…

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Carbon tax unlikely to impact new home building

Posted in News Items on 17th January 2012 by Michael Matusik

The proliferation of information (spin really) about climate change and our own carbon tax doesn’t mean that it has become more understandable. In fact, the opposite rings true. Who…

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Big improvement tipped for Brisbane in 2012

Posted in News Items on 7th December 2011 by Michael Matusik

The latest RPData-Rismark Hedonic Index shows that Australian dwelling prices have fallen about 4% (down $21,500) from the market peak. Apartments have faired better, down 2% or about $8,000 since…

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People well-placed to buy but confidence is missing

Posted in News Items on 16th November 2011 by Terry Ryder

Australians remain generally reluctant to buy property but are well-positioned to act when confidence returns. There are signals of improving activity – such as six consecutive months of…

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Developers plan to add to Gold Coast surplus

Posted in News Items on 8th November 2011 by Terry Ryder

Sales of residential land and new houses continue to be sluggish on the Gold Coast, where over-supply is the dominant feature. Despite the current poor sales rates, Gold Coast developers plan to…

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Few lenders have announced a rate cut

Posted in News Items on 4th November 2011 by Terry Ryder

So far just 18 of more than 110 lenders have announced they will pass on at least part of the Reserve Bank's 0.25 percent cash rate reduction to mortgage customers, according to financial…

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RBA cuts official interest rate

Posted in News Items on 1st November 2011 by Terry Ryder

The Reserve Bank board today cut the official interest rate from 4.75% to 4.5%. There’s clearly something about horse racing that inspires RBA board members because today’s decision…

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Borrowers target discount rates

Posted in News Items on 7th October 2011 by Terry Ryder

Cut-rate variable home loans and fixed-term loans are growing strongly, as the take-up of basic variable and standard variable home loans falls further. Discount rate mortgages, where the variable…

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Buyers today have more knowledge, higher expectations - and a liking for digital media

Posted in News Items on 20th September 2011 by Michael Matusik

The recent Matusik Property Insights online market survey confirms that residential property buyers are armed with more knowledge and hold higher expectations than their predecessors. Buyers…

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Affordability improves as (average) prices fall and incomes rise

Posted in News Items on 27th August 2011 by Terry Ryder

Housing affordability is steadily improving thanks to rising incomes, a reduction in fixed interest rates and property prices which, on average, have dropped a little. Even the HIA-Commonwealth…

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First homes more affordable than five years ago, says RateCity

Posted in News Items on 18th August 2011 by Terry Ryder

Australians have better prospects of saving for a first home in 2011 than five years ago - and especially compared to two years ago. Financial comparison site RateCity says the national average…

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Vacancies ease in Sydney but market remains tight

Terry Ryder, 16 February 2012

New vacancy figures indicate Sydney’s vacancy rate is the highest since August 2006 – but remains below 2% and is expected to tighten from March onwards. The Real Estate Institute of NSW …

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Don't get mad with the banks, get even!

Terry Ryder, 10 February 2012

Lenders will be relying on “customer inertia” if they decide to raise their interest rates regardless of the Reserve Bank’s decisions, according to financial comparison website RateC…

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The Australian

Building boom can mean over-supply - and no growth

Terry Ryder, 21 February 2012

It sounds like a good thing. Six of the top 10 building and population hotspots in Australia are in the Melbourne metropolitan area, with two more just outside the top 10. But what it describes is th…

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