OurFinanceBlogs.com - Australian Finance Blogging Community

No Urgency to Lock in Low Rates Just Yet.

Posted by The Fundamental Analyst on Mar 21st, 2009

Addressing the American Chamber of Commerce in a function today, CBA’s Chief Executive Floyd Norris has this to say:
“There’s no doubt that the toughest period in the Australian economy still lies ahead of us,” Mr Norris told an American Chamber of Commerce in Australia function on Tuesday.
Norris also went on to say that he couldn’t [...]

Read More

Australian Mortgage Market Not as Bad as US/UK

Posted by Debbie on Sep 4th, 2008

Some commentators and analysts have also tried to use the credit problems in the US and the UK as a reason for cutting rates, arguing that it is necessary in order to prevent a freezing up of credit, a slump in the housing market, and an increase in home repossessions.

Again this seems a little disingenuous. [...]

Read More

US House Price and Sales Declines Slow

Posted by The Fundamental Analyst on Aug 27th, 2008

Case Shiller Home Price indexes continued their record declines in June, the 10 city composite showing a year over year decline of -17.0% from a year earlier and is now down -20.3% from the peak whilst the 20 city composite showed a year over year decline of -15.9% and is now down -18.8% from it’s [...]

Read More

Uranium Price Moves Up

Posted by Debbie on Aug 4th, 2008

Yellowcake Bucks Up.
We’re not calling the bottom of the market here. But we saw two signs of life in uranium this past month.
Firstly, Avalon Minerals is planning to sell some uranium asset as an IPO. Basically, it thinks it can get more value out of them in the public market than tucked away in its [...]

Read More

Public Housing and the homeless

Posted by tehnyit on Jul 14th, 2008

My recent participation in the CoPF #142, which has a homeless theme, has caused me to think about what kind of homes are available for the homeless.
To me, homeless means a few thing, but it boils down to not having a place where my family and I can feel safe and secure. The difficulty is [...]

Read More

Housing Finance Declines Accelerate in May

Posted by The Fundamental Analyst on Jul 9th, 2008

Data released by the abs today showed that finance approvals for owner-occupied housing declined for the fourth straight month in May, down a seasonally adjusted -7.9%. The chart above excludes refinancings, that number fell a seasonally adjusted -7.1% in May and is now down -27.1% from the peak in June 2007.

The value of loans for [...]

Read More