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Australia House Price Index Rises

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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.

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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

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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.

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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.

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