Posted in Wealth Creation

Most affordable capital city suburbs within 20km of the CBD

Posted by medicalfinancial on 25 September 2012

RP Data's  Property Pulse looks at the most affordable suburbs by distance across each Australian capital city housing market.

http://pages.e.rpdata.com/most-affordable-capital-city-suburbs-within-20km

 

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Housing capital growth flat in August after rising in June and July

Posted by medicalfinancial on 24 September 2012

Capital city home values in Australia rose by 1.6 per cent over the last three months however, during the seasonally slower month of August, value growth flat lined. Seven of Australia's eight capital cities have registered capital gains over the last three months with the exception being Adelaide.

See RP Data's September market update below:

http://www.youtube.com/watch?v=BDQM-dv-srU&feature=youtu.be

 

 

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Are the rich getting richer? Not in the housing market

Posted by medicalfinancial on 10 September 2012

Below is a link to an interesting blog post from RP Data about the differing performance of segments of the housing market.

http://blog.rpdata.com/2012/09/are-the-rich-getting-richer-not-in-the-housing-market/

The conclusion:

The performance across price segments highlights why it is so important to drill down below the capital city boundaries in order to truly understand housing market conditions.  Prospective home buyers and sellers should be looking at the dynamic of the housing market from a localised perspective ensuring they are in tune with market conditions at both the macro and micro level.

The same can also be said of the share market. Looking at the Australian market this year there has been good growth in high yielding stocks with mining stocks fairing less well.

Whether it's property or shares, we use deep levels of research both in-house and from our partners to ensure our clients make informed financial decisions.

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Capital cities record modest rises but credit growth still at record lows

Posted by medicalfinancial on 17 August 2012

There have been modest rises in property prices across Australian capital cities in July. Watch the RP Data August Property market update for the details:

At the same time private sector credit continues to sink to record lows, which is explained in the article below:

http://www.medicalfinancial.com.au/images/120817rpdata.com_private-sector-housing-credit-continu.pdf

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NAB sees interest rates on hold...

Posted by medicalfinancial on 15 August 2012

Yesterday NAB released it's Global and Australian GDP forecasts, a summary of which is below:

  • Global economy slows with softening evident across advanced and emerging economies. Worst risks should be averted and global growth to pick-up slightly in 2013. Australian economy at trend but softening, while confidence helped by Euro-zone comments and lower interest rates. Labour market and orders still soft but activity to hold up sufficiently to circumvent need for further rate cut.

Today the Australian Wage Growth data has been released, summarised below:

  • Wages growth at 3.7%yoy a touch higher than expected
  • Next quarter could see wages growth at 4% plus
  • Consumer Confidence soft but future expectations better
  • Caution about further interest rate cuts would seem to be the order of the day at the RBA.

As we have previosuly written current fixed mortgage rates for 1,2 and 3 years are around 5.8% which is below the current discounted standard variable rate for the major lenders, so now might be a reasonable time to fix. The reason for fixing should always be to have certainty of payments rather than trying to beat the bank's variable rate.

If you would like advice about your specific situation please contact us.

The full releases are below:

http://www.medicalfinancial.com.au/images/120814GDPForecasts.pdf

http://www.medicalfinancial.com.au/images/120815WPIandConsconf.pdf

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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

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