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Reserve leaves Rates on Hold
The Reserve Bank of Australia leaves interest rates on hold, but does it really matter when the banks do their own thing anyway? Clearly the banks in this country are running the country, not the Reserve Bank or the Government? And it’s killing the real estate industry! The RBA governor Glenn Stevens released a statement [...]
Housing Market Remains Stable
Australia’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 [...]
Queensland leads Mortgage Stress
For most people, the Reserve Bank of Australia’s bi-annual Financial Stability Review is a tough read. For anyone interested in the housing market however, the section on household balance sheets (pages 41 to 46) is essential reading. Of particular interest is the analysis on mortgage arrears across Australia and the comparisons with other countries. The [...]
