The housing boom is back - with a vengeance - May 2005
May 12th 2005, 12:12 am
#1
Guest
Posts: n/a
The housing boom is back - with a vengeance - May 2005
A report from todays paper The Age May 12 2005
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
May 12th 2005, 12:39 am
#2
BE Forum Addict
Joined: Dec 2004
Location: A land far far away
Posts: 1,149
Re: The housing boom is back - with a vengeance - May 2005
Originally Posted by ABCDiamond
A report from todays paper The Age May 12 2005
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
May 12th 2005, 12:48 am
#3
Forum Regular
Joined: Feb 2004
Location: Buderim
Posts: 50
Re: The housing boom is back - with a vengeance - May 2005
Originally Posted by ABCDiamond
A report from todays paper The Age May 12 2005
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
May 12th 2005, 12:50 am
#4
part-time Visa Angel!
Joined: Oct 2003
Location: half marathon runner!
Posts: 4,458
Re: The housing boom is back - with a vengeance - May 2005
Originally Posted by ABCDiamond
A report from todays paper The Age May 12 2005
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
linked to this I would assume?
Courier Mail - Saturday
May 12th 2005, 1:10 am
#5
BE Forum Addict
Joined: Dec 2004
Location: A land far far away
Posts: 1,149
Re: The housing boom is back - with a vengeance - May 2005
Originally Posted by ABCDiamond
A report from todays paper The Age May 12 2005
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
"The housing boom is back - with a vengeance. Banks are now lending more to owner-occupiers than they did at the peak of the 2003 boom, as a surge of confidence has swept new lending far above previous highs.
The Bureau of Statistics reports that, excluding refinancing, banks and other established lenders lent almost $9 billion to owner-occupiers in March, up a huge 23 per cent since last June and well above the $8.3 billion record set in September 2003.
Analysts said strong population growth, rising wage growth, sharply rising employment - and now tax cuts at the top end - are likely to keep home finance booming, supporting home prices but keeping the Reserve Bank alert."
May 12th 2005, 1:35 am
#6
BE Forum Addict
Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Re: The housing boom is back - with a vengeance - May 2005
BUT
The investor market is heading for a big fall as their is now less incentive for middle income earners to look for negative gearing to reduce their tax bills as so many will be moved out of the highest tax bracket (very few people make money from investment properties on the rental income).
So even though their is more owner occupiers around their are fewer investors and so I think it will just about cancel out.
In NSW the disadvantages of investors is even worse with the sales tax on invesment properties.
The investor market is heading for a big fall as their is now less incentive for middle income earners to look for negative gearing to reduce their tax bills as so many will be moved out of the highest tax bracket (very few people make money from investment properties on the rental income).
So even though their is more owner occupiers around their are fewer investors and so I think it will just about cancel out.
In NSW the disadvantages of investors is even worse with the sales tax on invesment properties.
May 12th 2005, 2:01 am
#7
Joined: Aug 2003
Posts: 11,149
Re: The housing boom is back - with a vengeance - May 2005
Originally Posted by Kiwipaul
BUT
The investor market is heading for a big fall as their is now less incentive for middle income earners to look for negative gearing to reduce their tax bills as so many will be moved out of the highest tax bracket (very few people make money from investment properties on the rental income).
So even though their is more owner occupiers around their are fewer investors and so I think it will just about cancel out.
In NSW the disadvantages of investors is even worse with the sales tax on invesment properties.
The investor market is heading for a big fall as their is now less incentive for middle income earners to look for negative gearing to reduce their tax bills as so many will be moved out of the highest tax bracket (very few people make money from investment properties on the rental income).
So even though their is more owner occupiers around their are fewer investors and so I think it will just about cancel out.
In NSW the disadvantages of investors is even worse with the sales tax on invesment properties.
