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    Living near supermarket boosts house price

    Posted by Real Estate Investar on Wed, Jul 27, '16

    Living near a supermarket can help to boost the value of your home by STG22,000 ($A38,749.45) typically, research has found.

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    Topics: house prices

    Economy in RBA's hands for now

    Posted by Real Estate Investar on Mon, Jul 25, '16

    As both major political parties posture over the next month on how best to tackle much-needed budget repair ahead of the opening of the new parliament, the Reserve Bank will be getting on with the job in hand to shore up the fortunes of the economy.

    Official inflation figures on Wednesday will be crucial as to whether the central bank will need to cut the cash rate again at its board meeting on August 2.

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    Topics: Interest Rates

    Economists look to CPI for guidance on RBA

    Posted by Real Estate Investar on Mon, Jul 25, '16

    Economists this week turned their attention to the inflation figures due on Wednesday and the strong chance of another interest rate cut next month.

    HSBC economists Paul Bloxham and Daniel Smith said the consumer price index numbers are always important for the Reserve Bank.

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    Topics: Interest Rates

    Rate cut could hinge on Q2 inflation

    Posted by Real Estate Investar on Thu, Jul 21, '16

    The Reserve Bank of Australia has downplayed Brexit fears but economists expect another weak local inflation print to pave the way for an interest rate cut next month.

    In the minutes of the July meeting, released on Tuesday, the central bank said updates on consumer prices, the jobs market and housing activity in the coming month would be important.

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    Topics: Finance News, Interest Rates

    Fewer than half to own homes: new report

    Posted by Real Estate Investar on Thu, Jul 21, '16

    Fewer than half of Australians could own their own home by next year, a new report shows.

    The Melbourne Institute report author Roger Wilkins says the high cost of real estate is putting pressure on the younger generations, while older generations benefited from the large increases in house values.

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    Topics: Residential Property News, Finance News

    Home loan arrears edging higher

    Posted by Real Estate Investar on Tue, Jul 19, '16

    The number of housing loans with payments overdue crept up further in May, giving weight to concerns about potential problems emerging for banks if the economy gets into trouble.

    The latest rise was only small, with 1.14 per cent of loans in arrears, compared to 1.07 per cent in April, according to new data from S&P Global Ratings on Monday.

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    Topics: Residential Property News

    Jobs, inflation the key to RBA rates move

    Posted by Real Estate Investar on Tue, Jul 19, '16

    The RBA has laid out the factors that will feed into its looming decision on interest rates: Brexit is in there but the key items are jobs, house prices and inflation.

    Minutes of the central bank board's July 2 monetary policy meeting, released on Tuesday, show the RBA's staff expect the economic fallout of the UK's exit from the EU will have only a "modest" adverse impact on the world economy.

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    Topics: Residential Property News, Interest Rates

    Housing market confidence improves

    Posted by Real Estate Investar on Sun, Jul 17, '16

    The mood among housing market professionals soured ahead of the election, but confidence about the coming couple of years has picked up.

    National Australia Bank said its Residential Property Index fell further below its long-run average in the June quarter.

    Aside from the final quarter of 2015, it was the lowest ebb for the index since late 2012.

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    Topics: Residential Property News, Finance News

    Home price outlook softens

    Posted by Real Estate Investar on Thu, Jul 14, '16

    Confidence within the property industry dropped ahead of the federal election, to its lowest point since just before the previous election, despite the strong presence of foreign buyers.

    The gloom was centred on the residential sector, according to the quarterly ANZ/Property Council survey of property market professionals.

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    Topics: Residential Property News, Values / Prices

    Strong economy may force rates rethink

    Posted by Real Estate Investar on Thu, Jul 14, '16

    The strong domestic economy and labour market may lead the Reserve Bank to hold rates steady in August, a survey suggests.

    The National Australian Bank monthly business survey shows business confidence, trading, profitability and conditions all rose in June, despite concerns about UK's exit from the EU and Australia's federal election.

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    Topics: Finance News, Interest Rates

    Home loan approvals fall 1.0% in May

    Posted by Real Estate Investar on Tue, Jul 12, '16

    The number of home loans approved fell 1.0 per cent in May, beating market expectations of a 2.0 per cent drop.

    The value of total housing finance rose 1.0 per cent in the month, seasonally adjusted data from the Australian Bureau of Statistics shows.

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    Topics: Residential Property News, Finance News, Approvals

    Housing market firms after election

    Posted by Real Estate Investar on Tue, Jul 12, '16

    With the federal election behind it, the housing market has shifted back into overdrive.

    The number of auctions in the mainland state capitals jumped to 1,365 last week, according to housing market analytics firm CoreLogic.

    That was up sharply from a below-par 841 the previous week, which included the day of the election.

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    Topics: Residential Property News, Finance News, Clearance Rates

    Government must focus on housing: industry

    Posted by Real Estate Investar on Mon, Jul 11, '16

    A major housing group says the elected federal government must focus on home building to retain the nation's coveted triple-A rating, including making a housing minister a senior role.

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    Topics: Residential Property News

    Rents tumbling and will slip further

    Posted by Real Estate Investar on Sat, Jul 9, '16

    Housing rents have suffered the biggest annual decline on record, dragged down by steep falls in mining cities.

    Weekly rents across capital cities are 0.6 per cent lower over the year to June, according to the CoreLogic RP Data rental review.

    That's the sharpest fall for two decades, dating back to 1996 when the series began.

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    Topics: Residential Property News, Finance News, Values / Prices

    Housing boom fuels construction bounce

    Posted by Real Estate Investar on Sat, Jul 9, '16

    Australia's hot property market has driven the fastest pace of building activity growth in 10 months.

    The Performance of Construction Index surged 6.5 points to 53.2 in June, jumping above the 50-point level separating expansion from contraction.

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    Topics: Residential Property News

    Rating downgrade could trigger rate cuts

    Posted by Real Estate Investar on Sat, Jul 9, '16

    A downgrade of Australia's triple A credit rating downgrade could lead to higher mortgage interest rates, but also trigger Reserve Bank rate cuts.

    Standard & Poor's has lowered its outlook on the country's credit rating from stable to negative, meaning there is a one-in-three chance of a downgrade within two years if the run of budget deficits looks set to continue.

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    Topics: Residential Property News, Finance News, Interest Rates, Values / Prices

    NSW rental changes to protect DV victims

    Posted by Real Estate Investar on Wed, Jul 6, '16

    NSW domestic violence victims looking to flee an abusive partner will be given the power to end their rental contracts faster under proposed new laws.

    Currently, victims on a fixed lease need to give their landlords two weeks notice, with potential liabilities, and provide a final AVO, which can take up to 12 months to obtain, before they can break their contracts.

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    Topics: Residential Property News, Finance News

    RBA holds interest rates at 1.75%

    Posted by Real Estate Investar on Wed, Jul 6, '16

    The Reserve Bank has held the cash rate at a record low of 1.75 per cent.

    RBA governor Glenn Stevens said given weak domestic inflation, the ongoing transition away from mining and recent market volatility following the Brexit vote it was "prudent" to hold rates in July.

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    Topics: Residential Property News, Finance News, Interest Rates

    RBA to hold rates after election, Brexit

    Posted by Real Estate Investar on Mon, Jul 4, '16

    The Reserve Bank is set to hold rates steady amid uncertainty about the federal election result and the Brexit vote.

    All 12 economists surveyed by AAP expect the cash rate to be held at an all-time low of 1.75 per cent when the central bank meets on Tuesday.

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    Topics: Finance News, Interest Rates

    Building approvals dip but demand is solid

    Posted by Real Estate Investar on Mon, Jul 4, '16

    A larger-than-expected drop in building approvals isn't overly concerning because demand for detached homes remains solid, economists say.

    Approvals fell 5.2 per cent in May, worse than market expectations of a 3.5 per cent drop.

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    Topics: Residential Property News, Infrastructure News, Approvals

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