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Posts Tagged ‘The Sydney Morning Herald’

Jack’s Family Home up for sale

For a generation of Australian’s I Am Jack is a rite-of-passage book on school bullying. This award winning book has now has been adapted into a play by the award winning Monkey Baa Theatre for Young People and will soon be developed for the big screen.

I Am Jack is the first in a three book series including Super Jack and Always Jack by Australian … Continue Reading »

Live from The Sydney Morning Herald

Australian stocks are being hammered as they rejoin the global plunge in equity markets, losing about $65 billion in value, as investor fears show little sign of easing.

Mid-morning, with losses accelerating, the benchmark S&P/ASX200 index was down 216.3 points, or 5.4 per cent, to 3769.8, while the All Ordinaries index slumped 224 points, or 5.5 per cent, to 3832.7.

Blue chip stocks such as … Continue Reading »

House prices will be flat but you can bet on rent rises

It’s that time of year again where the old crystal ball comes out and we do some gazing for 2011.

The great thing about being an analyst is that the media rarely holds you to account regarding past predictions. So in the spirit of accountability, these predictions were made here last year for 2010:

Sydney’s house prices would record about 8 per cent growth with the market slowing due to withdrawal of the First Home … Continue Reading »

The value of space for a car…

Australians sure love their cars. So much so there’s an average of more than one car for every two people in the country.

About 12 million passenger vehicles ply Australian roads, and despite attempts to shift people on to public transport, this figure grew by 2.5 per cent a year between 2005-09, according to the Australian Bureau … Continue Reading »

At the opens…

Last weekend according to The Sydney Morning Herald, there were 588 listings with a clearance rate of 57 per cent.  It was recorded as the second busiest Saturday this year, falling short of the super Saturday in March when 70 per cent of the 680 vendors sold at auction.

”It’s moving towards a buyers’ market, but I wouldn’t say it was there quite yet,” … Continue Reading »

At the Opens

After having been starved of choice all winter buyers are now faced with a flood of choices as the supply and demand equilibrium takes a massive swing in the favour of buyers.

Jonathan Chancellor reports in The Sydney Morning Herald  that the “number of newly advertised NSW residential properties – private treaty and auction – in the month to September 5 was 12,973, close … Continue Reading »

At the Opens

Amidst continued political uncertainty buyers continued to hibernate from the market during the last weekend of winter.

To further punish the market The Sydney Morning Herald has now reported that “”Stronger than expected retail trade and building approvals figures and a lower trade gap have ‘‘blitzed expectations’’, making a rate rise by the end of the year all but certain”.   The combined effect of a looming interest rate rise and … Continue Reading »

At the Opens

While buyer activity was solid at inspections this weekend the recent media reports of slowing price growth is definitely resonating with buyers who are now facing more opportunities in a market showing signs of increasing supply.

Last week, Louis Christopher, managing director of SQM Research and head of property at Adviser Edge reported that what has changed is that fewer buyers are prepared toaccept the higher asking prices of vendors.  “There are fewer buyers in the … Continue Reading »