hqew Posted February 11, 2014 Posted February 11, 2014 The average price of houses across Australia's capital cities rose 3.4% in the fourth quarter from the previous quarter, the Bureau of Statistics said Tuesday. House prices rose 9.3% compared with the same quarter a year earlier. Economists had expected a 3% rise in the final three months of 2013 versus the previous quarter. In the country's commercial capital, Sydney, house prices rose 4.7% in the quarter. Perth, in resource-rich Western Australia state, recorded a 3.3% rise over the same period. Increases in house prices over the past year is unsettling Australia's central bank as they bring with them the potential to destabilize the economy if the real-estate market runs too hot. The Reserve Bank of Australia last week left All topics about PCB technology http://pcb.hqew.net/special/ its benchmark cash rate at 2.50%, but signaled to markets further interest rate cuts are unlikely. It had cut interest rates eight times between late 2011 and mid 2013 to cushion the economy against a slowdown in mining investment. Quote
Wurzel Of Highridge Posted February 11, 2014 Posted February 11, 2014 What's Australia's wage inflation like? Quote
renting til I die Posted February 11, 2014 Posted February 11, 2014 What's Australia's wage inflation like? Anecdotal but after a quick search, I dug these up... Talking about 4% rise back in 2012 http://www.pomsinoz.com/forum/money-finance/167022-uk-wages.html Talking about low pay rises but still 2.9% last year. http://www.stuff.co.nz/business/industries/9690470/More-in-jobs-but-wage-rises-still-low More about low rises, Down to 3% from 4%. http://www.australiaforum.com/information/australia/pay-rises-in-australia-less-than-forecast-in-2014.html About the min wage rising 2.6% last year http://www.fin24.com/Economy/Australias-minimum-wage-rises-20130603 Quote
Wurzel Of Highridge Posted February 11, 2014 Posted February 11, 2014 Anecdotal but after a quick search, I dug these up... Talking about 4% rise back in 2012 http://www.pomsinoz.com/forum/money-finance/167022-uk-wages.html Talking about low pay rises but still 2.9% last year. http://www.stuff.co.nz/business/industries/9690470/More-in-jobs-but-wage-rises-still-low More about low rises, Down to 3% from 4%. http://www.australiaforum.com/information/australia/pay-rises-in-australia-less-than-forecast-in-2014.html About the min wage rising 2.6% last year http://www.fin24.com/Economy/Australias-minimum-wage-rises-20130603 So the differential between property is about 6.5%, this gap must be caused by lower borrowing costs or higher multiples. I noticed in the UK that is seems quite acceptable for 30 and 40 year mortgages these days. Quote
Kurt Barlow Posted February 12, 2014 Posted February 12, 2014 The average price of houses across Australia's capital cities rose 3.4% in the fourth quarter from the previous quarter, the Bureau of Statistics said Tuesday. House prices rose 9.3% compared with the same quarter a year earlier. Economists had expected a 3% rise in the final three months of 2013 versus the previous quarter. In the country's commercial capital, Sydney, house prices rose 4.7% in the quarter. Perth, in resource-rich Western Australia state, recorded a 3.3% rise over the same period. Increases in house prices over the past year is unsettling Australia's central bank as they bring with them the potential to destabilize the economy if the real-estate market runs too hot. The Reserve Bank of Australia last week left All topics about PCB technology http://pcb.hqew.net/special/ its benchmark cash rate at 2.50%, but signaled to markets further interest rate cuts are unlikely. It had cut interest rates eight times between late 2011 and mid 2013 to cushion the economy against a slowdown in mining investment. Perth is insane. I reckon the 'investor' landlord who owns the apartment I live in is getting about 4-4.5% gross return before agents, strata, repair fees, and council tax. With Toyota going the whole automotive / aeronautical parts industry in SA and Vic will be badly hit. Going to be an interesting few years down under. Quote
usebefitting Posted June 2, 2015 Posted June 2, 2015 Its not just the case of Australia but also in the middle east, and Asian regions are also facing price rise in real Estate. Quote
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