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  • RBA data still points to May home loan rate hike « Formula 1 Finance Formula 1 Finance
    housing finance to the consecutive 25bp rate hikes in November and December 2003 Over the six months from October 2003 to April 2004 the number of new housing finance approvals to owner occupiers fell by 17 and remained flat for most of the year recovering by only 3 5 by year s end The recent fall in housing finance as reported by the ABS this week is comparable for owner occupiers Indeed the number of owner occupiers receiving new approvals has fallen by 22 a larger fall than in 2004 However the numbers are not comparable when we look at the value of finance approvals In the 2003 04 period the value of new finance approvals fell by 19 whereas in the current period the value of new finance approvals has fallen by only 9 5 There is a major difference between the current period and 2003 04 when the RBA adopted an extended pause During that period house prices had increased by 20 housing credit growth had been growing at a 15 20 annual pace for a number of years new lending to investors had increased by nearly 40 and investors represented almost 50 of the value of new housing loans Following the rate hikes in November and December new lending to investors fell at a 35 annualised pace over the next six months The effect and primary purpose of the rate hikes and pointed comments from the Bank at the time aimed at jawboning expectations had been achieved and the Bank was content to keep rates on hold for an extended period Current policy is not aimed at any concerns for housing bubbles Instead the current objective of rate hikes is to restore rates to normal levels at a time of limited excess capacity just when the economy is entering an upswing Moreover the fall in finance approvals has more to do with fiscal policies than interest rate sensitivity It is largely explained by the phasing out of the Government s Additional First Home Owners Grant with demand from those borrowers now returning to more normal levels Around 80 of the fall in new lending can be explained by the fall in the new loans to first home buyers While the fall in the number of new finance approvals is comparable with the 2003 04 period the dynamics are entirely different with the current episode representing the fade out of a temporary Government stimulus plan and the former representing a successful policy initiative to head off a potential property bubble The Reserve Bank Governor has commented several times now that he did not see current developments in the residential property market has bearing the hallmarks of a bubble We concur House prices have increased mainly due to housing shortages the accumulated result of years of under building and a doubling in the pace of population growth from 1 2 yr mid decade to 2 1 yr currently At the margin the Additional First Home Owners grant may also

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-data-still-points-to-may-home-loan-rate-hike/ (2014-01-04)
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  • New home sales climb Formula 1 Finance
    house segment of the market which experienced a trend decline in sales throughout most of 2012 This result should provide some welcome respite Despite the improvement more needed to be done While the increase in the month of November is encouraging new home sales remain at quite low levels If we consider the three months to November the volume of sales is 15 7 per cent lower than in the same period in 2011 This overall profile shows that we have a long way to go before we could consider sales volumes to be at satisfactory levels The importance of a broad based rejuvenation of new home building to maintaining the health of the overall Australian economy has been widely acknowledged but at this stage new home sales sits among a host of indicators that are yet to provide conclusive evidence that we are on track to achieve this In November the number of seasonally adjusted new detached house sales increased by 15 8 per cent in New South Wales 15 6 per cent in Victoria and 6 7 per cent in South Australia Detached house sales were down by 0 1 per cent in Queensland and declined by 6 8 per cent in Western Australia Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On January 10 2013 Budget Enconomy Finance News Financial goals House prices Inflation Wealth Comments Off Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions

    Original URL path: http://www.formula1finance.com.au/finance-news/new-home-sales-climb/ (2014-01-04)
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  • NAB Predicts Interest rates on hold until mid 2012 Formula 1 Finance
    are likely to weaken consumer spending and erode business confidence This has come at a time when indicators of the Australian economy such as employment growth and business conditions reported in the NAB Business Survey have slowed tempering expectations for economic growth in the second half of the year While the NAB expects GDP growth to recover strongly in the second half of 2011 as coal exports gradually recover and investment growth strengthens on the back of the record high terms of trade he said the RBA Board is unlikely to change rates in the near term Risks to the interest rate outlook are now evenly balanced If recent volatility and uncertainty continue for some time there are clear downside risks to the Australian economy In those circumstances the current structural adjustment in the labour market could well see unemployment drift higher Consumers would respond by saving more and business would delay investment and attempt to cut costs That however would represent a further marked slowing in local and international activity from that currently being reported or forecast by either NAB or the RBA Hence the NAB do not see the likelihood of rate cuts for some time Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On August 29 2011 Enconomy Finance News Financial goals Home loan product Inflation Interest rate Wealth Comments Off Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing

    Original URL path: http://www.formula1finance.com.au/finance-news/nab-predicts-interest-rates-on-hold-until-mid-2012/ (2014-01-04)
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  • plant-equipment « Formula 1 Finance Formula 1 Finance
    equipment plant equipment plant equipment Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for

    Original URL path: http://www.formula1finance.com.au/?attachment_id=905 (2014-01-04)
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  • page_title_bg « Formula 1 Finance Formula 1 Finance
    title bg page title bg page title bg Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals

    Original URL path: http://www.formula1finance.com.au/?attachment_id=999 (2014-01-04)
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  • housing affordability Archives « Formula 1 Finance Formula 1 Finance
    rate was slashed by 50 basis points in the same month Not only did home values Read more Back to Top Landlords enjoy higher rental demand On January 19 2012 Enconomy Finance News House prices Inflation Wealth Comments Off rental market with a wider choice of properties courtesy of nation leading dwelling construction and no growth in rentals for both units and houses over the December quarter By contrast house rentals in Canberra rose by 6 4 per cent over the year with Perth up by 5 3 Read more Back to Top Housing affordibility problem continues On February 24 2011 Enconomy House prices Leave a comment housing affordability problem shows no sign of abating according to recent figures Data from the Australian Bureau of Statistics found residential construction work done fell by 1 1 per cent in the December 2010 quarter New residential building work done fell by 1 7 per cent in the Read more Back to Top Housing market soft On January 4 2011 House prices Leave a comment RBA s November rate hike had a negative impact on housing affordability recent research has found According to RP Data s latest Rismark Hedonic Home Value Index the interest rate hike also caused home values to slump in the second last month of 2010 Home prices in Australia s Read more Back to Top Housing affordability plummets On August 19 2010 Finance News Leave a comment home values and increasing borrowing costs have seen housing affordability decline by more than 30 per cent over the past year According to the latest HIA CBA Housing Affordability Report affordability fell by 9 1 per cent in the June quarter across capital cities and 6 7 per cent Read more Back to Top Govt releases budget to mixed reviews On May

    Original URL path: http://www.formula1finance.com.au/tag/housing-affordability/ (2014-01-04)
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  • federal government Archives « Formula 1 Finance Formula 1 Finance
    excessive regulation increased land supply reduced planning delays Read more Back to Top Housing affordability plummets On August 19 2010 Finance News Leave a comment 9 1 per cent in the June quarter across capital cities and 6 7 per cent in regional markets The decline brought the annual index result which combines interest rates household incomes and home prices to determine affordability down 32 per cent compared to the same period last Read more Back to Top Property activity slumps in mining towns On July 16 2010 Finance News Leave a comment controversy surrounding the federal government s super profits tax is starting to impact negatively on the property market New data from Ray White revealed that property sales were down 18 per cent in resource dependent regions such as Mackay Ray White joint chairman Brian White said the Read more Back to Top RBA on hold inflation now in focus On May 31 2010 Finance News Leave a comment growth registering only 0 4 for the quarter following 0 9 in the December quarter Private final demand is expected to contract by 0 2 the first negative since the December 2008 March quarter 2009 period when the full impact of the GFC was seen on domestic spending with Read more Back to Top Demand for home loans dives again On May 13 2010 Finance News Leave a comment that just 48 260 home loans were granted in March a 3 4 per cent seasonally adjusted decline from February This was the smallest amount of home loans granted in one month in nine years and was roughly in line with the 3 0 per cent decline forecast by Read more Back to Top Govt releases budget to mixed reviews On May 12 2010 Finance News Leave a comment three

    Original URL path: http://www.formula1finance.com.au/tag/federal-government/ (2014-01-04)
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  • the reserve bank of australia Archives « Formula 1 Finance Formula 1 Finance
    board meets later today and leave the official cash rate on hold In a recent survey 76 6 per cent of respondents said they did not expect to see a rate Read more Back to Top Feb rate cut unlikely On February 1 2013 Budget Enconomy Finance News Financial goals Inflation Interest rate Wealth Comments Off majority of Australian homeowners do not expect the Reserve Bank of Australia RBA to cut the official cash rate when the board meets next week According to a survey conducted 55 per cent of respondents believe the cash rate will remain at its current level Read more Back to Top RBA cuts rates On December 4 2012 Australian Dollar Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off The Reserve Bank of Australia has stripped 25 basis points from the official cash rate taking it to the all time low of 3 per cent The rate cut means the Reserve Bank has now slashed 125 basis points from the cash rate over the last 12 Read more Back to Top Rate cut likely On December 3 2012 Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off many economists believe the Reserve Bank of Australia RBA will cut the official cash rate again when the Board meets tomorrow it is not a guaranteed event With new economic data showing weakening investment intentions and only modest signs that monetary policy is driving rebalancing of Read more Back to Top New home sales climb higher On November 30 2012 Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off were modest increases for New South Wales South Australia and Western Australia albeit from very low bases Detached house sales in Victoria were a big drag on the aggregate result in October slumping by 12 1 per cent If you take that result out of the mix Read more Back to Top Rates on hold On November 6 2012 Budget Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off a raft of less than impressive economic data the Reserve Bank of Australia has decided to keep the official cash rate on hold At its monthly Board meeting earlier today the RBA decided it was prudent to keep the cash rate at 3 25 per cent Read more Back to Top RBA to cut rates On October 30 2012 Budget Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off The Reserve Bank of Australia has moved the official cash rate every November for the past six years and it seems this year is not going to be any different The Reserve Bank should and will cut on Melbourne Cup Day despite the recent benign inflation result Read more Back to Top RBA cuts rates On October 2 2012 Enconomy Finance News Financial goals Inflation Interest rate Wealth Comments Off The Reserve Bank of Australia has cut the official cash rate

    Original URL path: http://www.formula1finance.com.au/tag/the-reserve-bank-of-australia/ (2014-01-04)
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