Added over 9 years ago

Rates pressure from strong November jobs data

Stronger than expected November employment data is prompting economists to caution the market for the possibility of another interest rate increase by the RBA in early 2011.  The Australian jobless rates dropped to 5.2% in November and almost 55,000 jobs were created. The participation rate rose to a record high of 66.1% in November. Annual employment growth increased to 3.7%, the highest since 2005.  The strength of the labour market play cause inflationary pressures despite weaker reported retail sales, prompting some economists to expect the official cash rate to increase to 5% from 4.75% by February 2011. 

Posted by God at 5:26 pm 0 Comments

Added over 9 years ago

Greenlight for the next stage of Central Park

The next stage of the $2 billion Fraser Property 5.8-hectare Central Park Development in Sydney’s Chippendale has been given the go-ahead by the NSW Government, who have stated that it will create jobs and help house the city’s expanding population. Planning Minister Tony Kelly on Tuesday announced planning approval for the second and third residential buildings of the Central Park Precinct near Railway Square. The Development overlooking the Sydney CBD includes a shopping centre, five residential towers and a public park. The new building will add 319 one and two bedroom units to the approved 600 units, which are expected to be complete by early 2013.

Posted by God at 5:30 pm 0 Comments

Added over 9 years ago

National City Home prices rises in October

According to RPData-Riskmark, the National City Home prices increased 0.3% in October, seasonally adjusted, following a 0.1% fall in September.  This suggests that the market is cooling at a controlled rate since June 2010, although the October data does not capture the full affect of the RBA increasing its official cash rate from 4.5% to 4.75% in October, which is expected to weaken investor appetite. The national city dwelling price was $460,000 in October, up from $455,000 in September. Home prices in Sydney and Melbourne both rose 0.6 per cent, seasonally adjusted, while they went backwards in Brisbane by 0.2 per cent and Perth by 1.8 per cent.

Posted by God at 5:32 pm 0 Comments

1 of 1

© My Investment Decision Pty Ltd 2010. Innovation Patent no. 2010101397. Trademark. Powered by Sanscode. Hosted by Crucial.