Tag Archive: sydney

Reserve Bank faces rates headache amid concerns of house price bubble

Posted on October 3, 2013 by | 0 Comments
While the Reserve Bank (RBA) has left the official cash rate at a historic low, some economists believe interest rates must fall in the months ahead to restrain the value of the dollar and encourage recovery in non-mining sectors of the economy. The growing headache for the RBA is the lower the rates, the greater the boom in the housing market – and bigger the pressure for regulators to intervene and ensure house price inflation...

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Housing lots shrink by up to one third

Posted on September 17, 2013 by | 0 Comments
NEW houses in Australia’s capital cities are being built on plots of land that are up to one third smaller than 10 years ago, says industry analyst BIS Shrapnel. BIS Shrapnel’s report, Outlook for Residential Land, says property developers are now producing smaller lots to encourage demand. The higher density of housing also boosts the developers’ revenues. “Median lot sizes have shrunk by between 14 and 32 per cent across the capital cities over the...

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