By Rick Adlam on Saturday, March 20, 2010
The Reserve Bank of Australia [RBA] is being blamed for a dive in housing construction, raising fears that rents are set to rise sky high due to a lack of residential rental housing accomodation in most Capital Cities and many regional areas.
The number of new housing plans approved by local councils dipped 2 per cent in December [...]
Posted in ANZ Bank, Banks, Home Buyers, Homeowners, Housing, Interest Rates, Reserve Bank of Australia | Tagged house prices, housing construction, Housing Industry Association, Housing Market, new home loans, Prospective Buyers, Regional Areas, Reserve Bank of Australia, Reserve Bank Of Australia Rba, Retail Sales Figures, Rising Interest Rates, Tennent, Vacancy Rates
By Rick Adlam on Friday, March 19, 2010
As Victoria’s housing values have plummeted about $40 billion in the past six months, we need to ask why it is such a bad thing. Afterall the Sharemarket has corrections all the time, so why do we expect the real estate values to climb relentlessly without having the same laws of the market apply.
Let’s face [...]
Posted in Australian Economy, First time home buyers, Home Buyers, Home Loan Interest Rates, Home Loans, Homeowners, Housing Market, Interest Rates, Mortgage Rates | Tagged falling house prices, first home buyers, Housing Market