Confidence returning to the market

As the world debates if the US governments bail out of the financial sectors troubles is justified, the local market is starting to see some buyer confidence return. Buyers are back in the market place making offers and trying to secure property. Even though buyers are still trying to get the bargains, vendors are still holding fast to the price they are trying to achieve. There has been a decline in the number of new listings to the market, which is creating a level balance of properties for sale and buyers buying. This supply and demand ratio is evening out, which should create some activity in the local market. Spring is in the air and the money is starting to be spent. it is still a good time to find a bargain. to see some properties go to www.nobullrealestate.com.au

Has some confidence returned?

As the world debates if the US governments bail out of the financial sectors troubles is justified, the local market is starting to see some buyer confidence return. Buyers are back in the market place making offers and trying to secure property. Even though buyers are still trying to get the bargains, vendors are still holding fast to the price they are trying to achieve. There has been a decline in the number of new listings to the market, which is creating a level balance of properties for sale and buyers buying. This supply and demand ratio is evening out, which should create some activity in the local market. Spring is in the air and the money is starting to be spent. it is still a good time to find a bargain. to see some properties go to www.nobullrealestate.com.au

Confidence returning to the market

As the world debates if the US governments bail out of the financial sectors troubles is justified, the local market is starting to see some buyer confidence return. Buyers are back in the market place making offers and trying to secure property. Even though buyers are still trying to get the bargains, vendors are still holding fast to the price they are trying to achieve. There has been a decline in the number of new listings to the market, which is creating a level balance of properties for sale and buyers buying. This supply and demand ratio is evening out, which should create some activity in the local market. Spring is in the air and the money is starting to be spent. it is still a good time to find a bargain. to see some properties go to www.nobullrealestate.com.au

Has some confidence returned?

As the world debates if the US governments bail out of the financial sectors troubles is justified, the local market is starting to see some buyer confidence return. Buyers are back in the market place making offers and trying to secure property. Even though buyers are still trying to get the bargains, vendors are still holding fast to the price they are trying to achieve. There has been a decline in the number of new listings to the market, which is creating a level balance of properties for sale and buyers buying. This supply and demand ratio is evening out, which should create some activity in the local market. Spring is in the air and the money is starting to be spent. it is still a good time to find a bargain. to see some properties go to www.nobullrealestate.com.au

Has some confidence returned?

As the world debates if the US governments bail out of the financial sectors troubles is justified, the local market is starting to see some buyer confidence return. Buyers are back in the market place making offers and trying to secure property. Even though buyers are still trying to get the bargains, vendors are still holding fast to the price they are trying to achieve. There has been a decline in the number of new listings to the market, which is creating a level balance of properties for sale and buyers buying. This supply and demand ratio is evening out, which should create some activity in the local market. Spring is in the air and the money is starting to be spent. it is still a good time to find a bargain. to see some properties go to www.nobullrealestate.com.au

So many experts, so many opinions

As the world financial market crumbles, some experts in Australia are saying that interest rates will definitely fall, while others reports are stating that interest rates will have to increase. I mean who really knows. With the Reserve Bank still not realising that changes in interest rates are going to have no effect on inflation, the economy as we once knew it is so global now that any local or national changes really have no impact.How can interest rates in Australia change the price of oil in Saudi Arabia? It has become a very difficult economic question to resolve.As more and more companys offer interestfree periods to buy large priced items, people will continue to feel the pinch. It really has not a lot to do with mortgae stress any more, it is to do with general finance stress.

So many experts, so many opinions

As the world financial market crumbles, some experts in Australia are saying that interest rates will definitely fall, while others reports are stating that interest rates will have to increase. I mean who really knows. With the Reserve Bank still not realising that changes in interest rates are going to have no effect on inflation, the economy as we once knew it is so global now that any local or national changes really have no impact.How can interest rates in Australia change the price of oil in Saudi Arabia? It has become a very difficult economic question to resolve.As more and more companys offer interestfree periods to buy large priced items, people will continue to feel the pinch. It really has not a lot to do with mortgae stress any more, it is to do with general finance stress.

So many experts, so many opinions

As the world financial market crumbles, some experts in Australia are saying that interest rates will definitely fall, while others reports are stating that interest rates will have to increase. I mean who really knows. With the Reserve Bank still not realising that changes in interest rates are going to have no effect on inflation, the economy as we once knew it is so global now that any local or national changes really have no impact.
How can interest rates in Australia change the price of oil in Saudi Arabia? It has become a very difficult economic question to resolve.
As more and more companys offer interest free periods to buy large priced items like TV’s and furniture, people will continue to feel the pinch. It really has not a lot to do with mortgage stress any more, it is to do with general finance stress.

A slowing economy

Australian home-loan approvals declined for a sixth month, supporting the central bank’s assessment the economy is slowing.
The number of loans granted to build or buy homes and apartments fell 0.2 percent from June, when they slid a revised 3.7 percent, the statistics bureau said in Sydney today. The July drop was the smallest in seven months.
Demand for new homes may rebound in coming months after Reserve Bank of Australia Governor Glenn Stevens cut the overnight cash rate target from a 12-year high by a quarter point to 7 percent on Sept. 2. Stevens said yesterday “the question will be do we hold here or go down a bit more.”
“Any improvement that emerges from here in demand for home loans probably will stem from expectations the Reserve Bank will cut the cash rate further,” said Helen Kevans, an economist a JPMorgan Chase & Co. in Sydney.
The Australian dollar traded at 80.88 U.S. cents at 12:29 p.m. in Sydney from 80.89 cents before the report was released. The two-year government bond yield rose 2 basis points, or 0.02 percentage point, to 5.58 percent.
House prices declined for the first time in almost three years in the second quarter, the government said on Aug. 4, after banks raised mortgage rates and rationed lending because they faced higher funding costs amid the global credit squeeze.
`Restrictive’ Interest rates are “still well on the restrictive side,” Stevens said at his half-yearly testimony before parliament in Melbourne yesterday.
Investors see an 82 percent chance Stevens will lower the benchmark rate again on Oct. 7, according to a Credit Suisse Group index based on trading in interest-rate swaps at noon in Sydney.
“We are probably at the top of the interest-cycle at this point,” Commonwealth Bank of Australia Chief Executive Officer Ralph Norris said on Sept. 3. “There is no doubt the economy is slowing.”
The economy, in its 17th year of growth, expanded at the slowest quarterly pace in more than three years in the three months through June 30 as consumers cut spending for the first time since 1993.
Business Confidence
Australian business confidence held at the lowest level in seven years last month, according to a report published today by National Australia Bank Ltd. The bank’s sentiment index rose 2 points in August to minus 7.
Households spent almost 40 percent of their incomes on mortgage payments in the June quarter, the most in the 22 years that the Real Estate Institute has measured affordability.
The total value of lending rose 0.6 percent to A$18.2 billion ($14.7 billion) in July, today’s report showed. Lending to owner occupiers declined 0.1 percent, while the value of lending to investors who plan to rent or resell homes gained 2.3 percent.

A slowing economy

Australian home-loan approvals declined for a sixth month, supporting the central bank’s assessment the economy is slowing.
The number of loans granted to build or buy homes and apartments fell 0.2 percent from June, when they slid a revised 3.7 percent, the statistics bureau said in Sydney today. The July drop was the smallest in seven months.
Demand for new homes may rebound in coming months after Reserve Bank of Australia Governor Glenn Stevens cut the overnight cash rate target from a 12-year high by a quarter point to 7 percent on Sept. 2. Stevens said yesterday “the question will be do we hold here or go down a bit more.”
“Any improvement that emerges from here in demand for home loans probably will stem from expectations the Reserve Bank will cut the cash rate further,” said Helen Kevans, an economist a JPMorgan Chase & Co. in Sydney.
The Australian dollar traded at 80.88 U.S. cents at 12:29 p.m. in Sydney from 80.89 cents before the report was released. The two-year government bond yield rose 2 basis points, or 0.02 percentage point, to 5.58 percent.
House prices declined for the first time in almost three years in the second quarter, the government said on Aug. 4, after banks raised mortgage rates and rationed lending because they faced higher funding costs amid the global credit squeeze.
`Restrictive’ Interest rates are “still well on the restrictive side,” Stevens said at his half-yearly testimony before parliament in Melbourne yesterday.
Investors see an 82 percent chance Stevens will lower the benchmark rate again on Oct. 7, according to a Credit Suisse Group index based on trading in interest-rate swaps at noon in Sydney.
“We are probably at the top of the interest-cycle at this point,” Commonwealth Bank of Australia Chief Executive Officer Ralph Norris said on Sept. 3. “There is no doubt the economy is slowing.”
The economy, in its 17th year of growth, expanded at the slowest quarterly pace in more than three years in the three months through June 30 as consumers cut spending for the first time since 1993.
Business Confidence
Australian business confidence held at the lowest level in seven years last month, according to a report published today by National Australia Bank Ltd. The bank’s sentiment index rose 2 points in August to minus 7.
Households spent almost 40 percent of their incomes on mortgage payments in the June quarter, the most in the 22 years that the Real Estate Institute has measured affordability.
The total value of lending rose 0.6 percent to A$18.2 billion ($14.7 billion) in July, today’s report showed. Lending to owner occupiers declined 0.1 percent, while the value of lending to investors who plan to rent or resell homes gained 2.3 percent.