9 May 2012
Changing LanesThe economy shifted back into the slow-growth lane in the first quarter of 2012 as economic growth decelerated to 2.2 percent, down from 3.0 percent in the fourth quarter of 2011. The drop was primarily due to continued weak federal government spending. This will likely be a consistent theme through the remainder of 2012 and into 2013 given stimulus programs that are set to expire at the end of this year.
Soft April home values and expectations of lower interest rates point to a further improvement in housing affordability
1 May 2012
RP Data – Rismark Home Value Index ReleaseCapital city dwelling values were down -0.8% in the month of April following the stability witnessed over the first quarter of 2012, leaving national home values down -0.7% year to date.
11 April 2012
Warm Winters and Slow Springs - Now Really Is a Good Time to BuyBy June the economic expansion will be three years old, yet the trend in real GDP is at its slowest post-recession trajectory in any post-war expansion. Real GDP was revised to 3.0 percent in Q4 2011, up from 1.8 percent in Q3 2011. The labor market continues to slowly improve with unemployment claims reaching another new post-recession low in March 2012.
2 April 2012
RP Data – Rismark Home Value Index ReleaseAustralia’s housing market is showing signs of stabilising after home values rose 0.2 per cent in March. Not only has the market remained unchanged for the quarter ending 31 March 2012, it is also level with the 31 November 2011 home values across the combined capital cities. The flat result over the quarter is the strongest result since March 2011 when values increased by 0.7 per cent.
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