The most important property investment numbers of the week
From inflationary figures, a Prahran office Block, and prestige listings; here are the most important property investment numbers of the week:
The 0.8% quarterly rise in the consumer price index surprised the nation’s markets on the upside – most had been factoring in a 0.5% rise.
It puts a stop to speculation that the RBA could cut interest rates – already at record lows – to stimulate the economy and ease its transition away from the mining boom.
The Block is coming to Prahran. The production company of the hit Channel 9 show, Watercress, has spent $8.25 million on the 1980s office building (pictured below) with $2.5 million Brenchley Architects infill works scheduled.
The National Australia Bank has lowered its four-year fixed home loan package rate by 0.2% to the lowest point since September 1993, as the battle between the banks intensifies. The bank so cut its three-year fixed home loan by 0.05% to 5.14%.
Toowoomba’s unemployment rate is about 1.5 percentage points below the national average, one factor which Terry Ryder believes shows its great potential for investors.
Situated in the affluent suburb of Sandy Bay, this chateau inspired house (pictured below) was the most expensive sale of the week at $1.7 million, according to RP Data.
{yoogallery src=[images/stories/2014/01/23/sand]}
According to the latest report released by financial comparison website Finder.com.au, the proportion of first home buyer loans are at an all-time low.
Drawing on data from the ABS, the report notes that first home buyer loans now make up just 12.5% of all loans financed in November 2013, down 3% from the same month in 2012.
A tenant in Western Australia has been fined $1,000 after leaving a rental property in disarray. Apparently, the carpets were wrecked by pet faeces and urine and no forwarding address was left.
Sydney's prestige eastern suburbs listings are well underway. For instance, a $30 million plus offering on Coolong Road, Vaucluse (pictured below) with tennis court, slipway and marina berth.
{yoogallery src=[images/stories/2014/01/22/vau]}
jrobinson@propertyobserver.com.au
