REAL ESTATE – PRICES – AUSTRALIA

Correction in housing market ‘inevitable’

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Original article by Damon Kitney
The Australian – Page: 21 : 3-Sep-14

Residential real estate prices have risen an average 15% in a year in the Australian state and territory capital markets, while auction clearance rates in late August 2014 are around 70%. Australian Prudential Regulation Authority data also indicate that the main four banks are taking on riskier mortgage loan borrowers. However business leader David Gonski says while an eventual price decline is a certainty in the housing market, the banks are able to manage their lending strategies

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, SCHULTE RESEARCH INTERNATIONAL

Confidence lifts but jobs lag

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Original article by Adam Creighton
The Australian – Page: 21 : 13-Aug-14

The latest data compiled by National Australia Bank on the nation’s businesses, excluding agriculture, show that both confidence and trading conditions improved in July 2014. The latter are now at levels last witnessed in 2010, while sentiment is at the best reading since the global financial crisis. New Australian Bureau of Statistics figures also indicate residential real estate prices growth of 10.1% for 2013-14. However the jobless rate for July was up as well, to 6.4%. This was the worst result in a dozen years

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH SECURITIES LIMITED, RESERVE BANK OF AUSTRALIA, JP MORGAN AUSTRALIA LIMITED

Renting may be better than buying, says Reserve Bank

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 1-Aug : 15-Jul-14

The Reserve Bank of Australia has released a research paper which refutes suggestions that house prices are overvalued. The report estimates that since 1955, house prices have risen by 2.4 per cent annually after adjusting for inflation. It concludes that many people may be better off renting a home rather than buying into the property market if house price growth falls below this long-term average

CORPORATES
RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD, UNIVERSITY OF NEW SOUTH WALES, INTERNATIONAL MONETARY FUND, THE ECONOMIST NEWSPAPER LIMITED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Sydney, Melbourne house prices rebound in June

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Original article by Michael Bleby, Jacob Greber
The Australian Financial Review – Page: 6 : 30-Jun-14

New figures from RP Data show rises in the residential real estate auction clearance rates for the Sydney and Melbourne markets on the 28-29 June 2014 weekend. In Sydney the week-on-week increase was from 70.1% to 73.2% and in Melbourne it was from 69.1% to 69.3%. Meanwhile the median dwelling price in Sydney has also improved 1.5% during June, compared with a fall of 1.1% in May. In Melbourne it is up 1.7% after a drop of 3.6% previously. There are some warnings that a further rapid increase may create a threat for the economy and trigger higher interest rates

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, RESERVE BANK OF AUSTRALIA, MOODY’S INVESTORS SERVICE INCORPORATED, AUSTRALIAN NATIONAL UNIVERSITY. CENTRE FOR APPLIED MACRO-ECONOMIC ANALYSIS