Tuesday, April 14, 2015

Clarke and Dawe - The Australian economy. Factory recall.


2 min recap - April 2015 housing market update across Australia


Why Local Expertise is Still the Killer “Feature” for Agents

Why Local Expertise is Still the Killer “Feature” for Agents

Insight: Cameron Kusher - CoreLogic RP Data


Custom Homes on the Rise Could Spell Opportunity | Broker★Agent Advisor

Custom Homes on the Rise Could Spell Opportunity | Broker★Agent Advisor

Please Stop Tweeting Your Property Listings Like That | Broker★Agent Advisor

Please Stop Tweeting Your Property Listings Like That | Broker★Agent Advisor

Thursday, March 26, 2015

Wednesday, March 11, 2015


CoreLogic RP Data Research Blog - Housing finance eases in January but the proportion of lending to investors hits an all-time high ________________________________________ Housing finance eases in January but the proportion of lending to investors hits an all-time high Posted: 11 Mar 2015 02:23 PM PDT The Australian Bureau of Statistics (ABS) released housing finance data for January 2015 yesterday. This data represents the first full month of lending-based results after APRA’s recommendation to Australian Authorised Deposit-taking Institutes (ADI’s) reinforcing sound residential mortgage lending benchmarks. Over the month the total value of housing finance commitments fell by -0.6% across both the owner occupier and investor segments of the market. The value of housing finance commitments has increased by 12.8% year-on-year. Taking a look at the breakdown between the owner occupier and investor segment of the market, it is clear that most of the strength is coming from investors. The value of owner occupier housing finance commitments fell by -1.0% over the month and investor lending recorded a fall of -0.1%. Despite the monthly fall in lending, the value of housing finance commitments was 7.1% higher year-on-year to owner occupiers and 22.1% higher to investors. The proportion of total lending to investors reached an all-time high in January 2015. Over the month, 41.4% of the value of all housing finance commitments was to investors. In comparison, a record low 39.1% of the value of housing lending was to owner occupiers for new loan purposes and 19.5% was to owner occupiers for refinances. If we look solely at the value of new lending (excluding refinances) investor lending hit a record high 51.4% of all new lending in January 2015. Focussing on the owner occupier segment of lending, $17.7 billion was lent in January down from $17.9 billion in December. Across the segment: $1.8 billion was lent for construction of new homes, $0.9 billion for the purchase of new homes, a record high $5.9 billion for refinances and $9.1 billion for purchase of established homes. Month-on-month, housing finance commitments for owner occupiers fell by -2.6% for construction of new homes, -5.4% for the purchase of new homes, +1.8% for refinances and -2.0% for purchases of established dwellings. Year-on-year, the strength in the owner occupier segment has largely been from refinances which have increased by 28.5%. Across the other segments, construction of new homes were up +1.5%, purchase of new homes are -7.2% and purchase of established homes are -0.9%. The data indicates that much of the activity across the owner occupier segment of the market is coming from refinances as home owners shop around for a better deal or prepare to withdraw some of their equity which would feed into the strength of the investment segment. Turning to the investment lending segment, $12.5 billion was lent in January which was slightly lower than investment lending in December. Over the month there was $0.8 billion in commitments for construction of new dwelling and $11.7 billion for commitments to existing homes showing that investor lending is largely going to existing homes with lending to that segment almost 14 times greater than lending for new construction. Over the month, investor commitments for new construction fell -18.8% compared to a 1.6% increase in lending for purchases of existing homes. Year-on-year, the value of commitments for construction of new dwellings is 85.1% higher while investor lending for established homes has increased by 19.1%. The data shows that despite lending to investors is surging, a relatively small amount of this lending is contributing to new housing stock being constructed. Turning to the first home buyer segment of the market, the number of owner occupier first home buyer commitments fell sharply in January. It should be noted that this data series is not seasonally adjusted. Over the month there were 5,961 commitments which was -26.4% lower over the month and -14.4% lower year-on-year. As a proportion of all owner occupier housing finance commitments, investors accounted for 14.2% of commitments in January. Based on this data, the level of first home buyer participation in the market remains extremely low, however a weakness of the ABS data set is that it doesn’t identify first home buyers that are purchasing as investors. Anecdotally, it appears that many first time buyers are choosing to purchase an investment property rather than a principal place of residence. The CoreLogic RP Data Mortgage Index measures activity across CoreLogic RP Data’s mortgage platforms each week. The activity is highly correlated with housing finance data and as the above chart shows, activity has surged over recent weeks. Based on this data, it suggests that despite the Christmas / New Year slowdown there has been no sustained slowdown in mortgage demand. Given this we would expect a rebound in housing finance commitment over the coming months. Following the letter from APRA to Australian ADI’s in December we have seen a slight easing in housing finance commitments however, it is too early to suggest the two are related. Investor activity remains very strong and for the first time on record we have seen six consecutive months in which lending to investors is greater than lending to owner occupiers for new loans. Investors are largely purchasing existing homes which does little to contribute to new housing, although the value of commitments to investors for new construction has risen sharply over the past year. The owner occupier segment is largely being driven by refinance activity as borrowers shop around for better deals on their mortgage and prepare to re-invest some of their equity. Over the coming months it will be important to monitor if the new guidelines from APRA and the ramping up of their surveillance of mortgage lending has much of an effect on demand. We would suspect that the high level of competition in the mortgage market is likely to result in minimal change across the board. While some individual lenders may have to tinker with their lending policies, borrowers have many other banks to choose from if one borrower cannot provide the type of product they are looking for.

#propchat - March 2015

Chinese company builds 57-story skyscraper in record 19 days (TIME LAPSE) — RT News

Chinese company builds 57-story skyscraper in record 19 days (TIME LAPSE) — RT News

How your property listings impact your personal brand - REB

How your property listings impact your personal brand - REB


Tuesday, February 24, 2015

Autumn Colours


Autumn Colors ~ ~~ waterfall , Nara , Japan Language studies abroad Caux InterCultural - Learn Japanese in Japan. And one of the most pretty and majestic natural waterfalls that man has ever seen: in fact the falls are competently 275, some of which are as high as 70 meters. The most proficiently-known of all is the Garganta del Diablo, or the Devil's Throat (a publicize that embodies quickly the concept): scares for its size, because it is a throat that reaches a extremity of 150 meters and a length of 700 meters. In curt, the ideal boundary in the middle of the two countries such as Argentina and Brazil, famous for their natural beauty. Often, the rock stratum just below the more resistant shelf will be of a softer type, meaning that undercutting due to splashback will occur here to form a shallow cave-like formation known as a rock shelter under and behind the waterfall. Eventually, the outcropping, more resistant cap rock will collapse under pressure to add blocks of rock to the base of the waterfall. These blocks of rock are then broken down into smaller boulders by attrition as they collide with each other, and they also erode the base of the waterfall by abrasion, creating a deep plunge pool or gorge.

Saturday, February 21, 2015

Domain Marketview: ABS house price index confirms strong Sydney but m...

Domain Marketview: ABS house price index confirms strong Sydney but m...: The ABS December quarter established house price index results released today confirmed Sydney remains the clear runaway leader for capital...

http://www.facebook.com/pages/LJ-Gilland-Real-Estate-Pty-Ltd/169194919788253http://www.ljgrealestate.com.au

Friday, January 30, 2015

20 LinkedIn Mistakes to Avoid - Jeffbullas's Blog

20 LinkedIn Mistakes to Avoid - Jeffbullas's Blog

Australian home owners on top of mortgages | The Real Estate Conversation

Australian home owners on top of mortgages | The Real Estate Conversation





Call for changes in QLD | The Real Estate Conversation

Call for changes in QLD | The Real Estate Conversation




Big architecture projects dominate 2015 Property Council of Australia awards | Architecture And Design

Big architecture projects dominate 2015 Property Council of Australia awards | Architecture And Design



http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html




Thursday, January 22, 2015

Bill Evans re RBA cash rate article of interest for your perusal and information only.

Economic writer Garry Shilson-Josling thinks the Reserve Bank of Australia should have dropped the overnight cash rate below its record low of 2.5% early last year. Several economists anticipate that the Reserve Bank will drop interest rates at its February meeting, including Westpac's chief economist Bill Evans. Subject: News Item : Bill Evans predicts two H1 rate cuts http://www.finnewsnetwork.com.au/archives/finance_news_network108916.html?utm_source=Finance News Network%2C FNN Investor.

Wednesday, January 14, 2015

myrpdata Property Pulse by Cameron Kusher CoreLogic RP Data anticipates that the rate of capital growth, particularly in Sydney and Melbourne will continue to moderate over the coming year. As a result we may see an improvement in other markets as investors and those priced out of the Sydney and Melbourne markets look for alternatives. We believe that home values will continue to increase over the coming year however, the rate of growth will continue to slow. It is likely that values will continue to rise until such time as interest rates increase. Despite the signs that the housing and construction sector is picking up as mining investment slows, it does not mean that the economic transition away from the mining related infrastructure sector will be without its challenges. The high unemployment rate continues to be a potential risk for the housing market. Of course, if interest rates were to increase this would likely extinguish some of the current housing market exuberance.