Wednesday, July 28, 2010
The June quarter Consumer Price Index figures have come in slightly lower than expected. It was widely rumoured that the increase in the CPI would have come in at about 1 %, but it seems it increased by only 0.6%, which gives an annual increase of 3.1 % .This is another sign that there won't be a need for another interest rate rise this year, and that's a good thing. We have commented earlier about getting the election over with, and that, combined with stable interest rates ( hopefully ) , should give consumers a little confidence back. It's very understandable that many people have tight budgets, and it makes spending very un- nerving when there is little stability. Trying to plan for the future with little stability naturally causes a conservative approach, and rightly so.
Here's hoping !!
Monday, July 12, 2010
The voice of Australia's residential building industry - The Housing Industry Association - indicates the tightening finance restrictions and the impact of rising interest rates has lead to the 7th consecutive slide in new home loans, from the May 2010 figures just in. Construction loans fell by 2.2 % in May, and loans for new housing are now 20% lower than just a short six months ago.
The disastrous news continues , with the March to May period down 26 some odd percent. First home buyers have largely abandoned the market as well, being down 56 % compared to the same period last year. The figures are pretty much the same for all the states, so it would appear that it's not a regional problem.
Our own figures from enquiry levels are good, but we note the market is somewhat patchy with irregular enquiry, with huge peaks and troughs. We look forward to and early election, so we can all get on with the spring selling season !
Thursday, July 8, 2010
Our thoughts on the impending federal election - the sooner the better!!
For reasons not easily explained , every time a federal election is called, the property market either stops - or slows significantly. Ms Gillard has already advised she won't wait until 2011 to go to the polls. July and August are generally quieter months in the property game, and from then onwards the enquiry rates and sales generally increase. Lots of people are looking to get settled before the start of the next school year / and/ Christmas, so the last quarter is vitally important to Agents and Vendor's alike. So......... if we are going to the polls, lets bring it on in the quiet season, so we can have an un- interrupted go at the final rush into the end of year .........
Wednesday, July 7, 2010
Hi and thanks for taking some time with our BLOG's . Just to give you a little background about us and our ethos- won't bore you though.
Been in the property industry for about 23 years and come from a family that has done well - very well actually -from basic conservative property investment and purchase. Perhaps they could have done better in other forms of investment, but land and bricks are tangible, and- none of them are complaining ! So now we run iRIS property, formed in 2007 and gaining momentum quickly. I've always believed that in an industry where there are so many shonky operators, there should be a way of getting a good business by just doing the right thing. It's working !! We analyze stuff over and over, and always look for a better, more efficient way that delivers our clients a better result. It's not hard this business, just a series of steps , that if each one is done to it's best ability , will maximize a Vendor's chances of success. Simple, and difficult at the same time. We don't want to be a big ' Factory' with a bunch of big ego's running around strutting their bullshit. We have a plan for everything, and we plan everything...............