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Welcome to PropertyInvestorHub.com!
This new website & forum has been created as a resource and networking tool for South-East Queensland property investors, developers and beginners alike.
Industry News
20th July 2009 - See Forums for News Postings
All news postings will now go up on the forums as this allows members to contribute their own information and comment on posted items. Click here to go to the PIH FORUM
7th April 2009 - RBA Lowers Official Interest Rate 25 basis points
Despite a hung jury of commentators leading up to today's meeting
the Reserve Bank of Australia (RBA) has announced today that the
Official Cash Rate will decrease 25 basis points. Therefore the
Official Cash Rate has declined to 3.00%.
The next RBA Meeting will not be held until 5th May 2009, with the
decision announced that afternoon.
12 January 2009 - Herron Todd White Market Review
HTW have released their december month in review report which looks back on 2008 providing an excellent summary of market conditions and movements. Additionally you can click here for a concise SEQ housing market current state of play extract from the November 2008 report: HTW House Indicators Nov 2008 or go to the HTW website for their monthly reports: http://www.htw.com.au/Downloads.aspx
2nd December 2008 - RBA Lowers Official Interest Rate 100 basis points
The Reserve Bank of Australia (RBA) has announced today that the
Official Cash Rate will decrease 100 basis points. Therefore the
Official Cash Rate has declined to 4.25%.
The next RBA Meeting will not be held until 3rd February 2009, with the
decision announced that afternoon.
4th November 2008 - RBA Lowers Official Interest Rate 75 basis points
The Reserve Bank of Australia (RBA) has announced today that the Official Cash Rate will decrease 75 basis points. Therefore the Official Cash Rate has declined to 5.25%.The next RBA Meeting is on the 2nd December, with the decision announced that afternoon.
http://www.rba.gov.au/Statistics/cashrate_target.html
7th October 2008 - RBA Lowers Official Interest Rate 100 basis points
At 2.30pm the Reserve Bank of Australia announced that they have slashed official interest rates by a full one percentage point, much more than experts predicted. The big 4 banks have quickly responded by passing on a 0.8% interest rate cut, with Aussie Home loans offering up a 0.75% cut.
2nd October 2008 - Media Release: First Home Savers Accounts Announced
First home savers will be rewarded by the government, contributing 17% per year on deposits up to $5000, so a maximum contribution of $850 per year. See media release here
September 2008 - Brisbane Residential Overview
- Houses, units and land markets have witnessed a significant shift in sentiment since the beginning of 2008 ;
- Median house prices and volumes have recorded recent declines for both new and existing stock;
- The market could decline further however the reduction of interest rates and continued strong fundamentals should provide a soft landing on the proviso there is not an international credit meltdown.
After recording the strongest growth and activity for the last
five
years during 2007, the Brisbane residential market like other markets
across the country has entered a period of softening. Although key
fundaments of the market including limited housing stock and land
supply, record low unemployment and continued growth in population
remain solid, other factors such as affordability, high interest rates,
declining consumer sentiment and volatility in equities and credit
markets have produced a greater impact on the overall market.
22nd September 2008 - Global financial crisis spooks homebuyers
THE global financial meltdown has unsettled property buyers, with weekend auction clearance rates well down on last year, dashing any hopes of a spring revival for the housing sector. read full article...
12th September 2008 - Properties Currently Listed for Sale
New
residential listings continued to trend down last week, despite the
start of the spring selling season and the first fall in interest rates
in almost seven years. The downward trend suggests vendors remain
reluctant to place their property on the market despite what is
generally considered to be the peak selling season.
The total number of residential listings being advertised has remained
relatively stable since June this year, indicating stock absorption is
roughly in line with stock additions.
Consumer confidence figures published by Westpac/Melbourne Institute
shows that consumer confidence increased by 7% during September, the
second increase in as many months. Falling fuel prices and the hope of
another rate fall during 2008 should continue to positively influence
consumer confidence during the last quarter of 2008. Importantly, as
confidence increases, so to should market activity which is currently
around 30% below the long term average.
5th September 2008 - Properties Currently Listed for Sale
The number of new residential
listings slumped further last week with new additions to the market now
around 17 percent below the 12 month average. The large majority of
forced or distressed sales would have been placed on the market or sold
by now, with the first interest rate fall in almost seven years
providing some respite to those worst affected by mortgage stress.
Understandably, vendors are reluctant to sell in the current market
conditions and this is reflected in the amount of new stock being
listed for sale.
Total stock in the market remains above average, however, as buyers
remain inactive. The spring selling season is likely to be a quiet one
this year. For those buyers who are financially able, the current
market conditions still represent fantastic buying opportunities.
2nd September 2008 - RBA Announces Interest Rate Cut
The Reserve Bank of Australia (RBA) has announced today that the Official Cash Rate will decrease 25 basis points. Therefore the Official Cash Rate has declined to 7.00%.
The CBA has advised that the rate cut will be passed on for variable rate loans effective 8th September.
The next RBA Meeting is on the 7th October, with the decision announced that afternoon.
25th August 2008 - Hotspots, should you turn to regional...
PROPERTY in regional Australia looks set to outperform the big cities, according to research by real estate analyst Terry Ryder.
22nd August 2008 - Properties Currently Listed for Sale
Over the last week the number of new residential properties being added to the market increased to 14,160, still slightly below the 12 month average of 14,540. Total residential listings in the market are now sitting at 126,000 which is approximately 12 percent above the 12 month average.
22nd August 2008 - Brisbane Industrial Forecasts
- After recording three years of strong growth, average prime net face rents are forecast to stabilise near current levels;
- Yields are expected to continue increasing and spread for the remainder of the 2008/09 financial year;
- Transaction activity across Brisbane slowed considerably in the first half of 2008 with this trend expected to continue;
- Downward pressure on land prices is expected to increase.
14th August 2008 - Properties Currently Listed for Sale
New listings to the Australian residential property markets have again trended downwards as vendors hold their properties off the market. The average number of new listings to the market is now down to 12,450 per week; well below the twelve month average.
Total stock in the market remains stable at just above the twelve month average. There are now approximately 125,000 residential properties listed for sale around mainland Australia (compared to the twelve month average of 111,150). Recent statements from the Reserve Bank of Australia confirm that interest rates are likely to be cut next month and consumer confidence jumped 9.1% last week – the biggest increase in almost two years. Confidence in the national economy is still at very low levels, however if consumer confidence continues to improve we should start to see higher levels of property market activity.
