Hely & Associates Property Valuers | Business consultant

Hely & Associates Property Valuers

Phone: 0733927850

Address: 101/1057 Wynnum Road 4121

Website: http://hvpc.com.au

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25.01.2022 Tuesday 6th March, 2012 RBA announces interest rate will remain unchanged The Reserve Bank of Australia (RBA) has announced today that the Official Cash Rate will remain unchanged. Therefore the Official Cash Rate remains at 4.25%; The next RBA meeting will be held on the 3rd April 2012, with the decision announced that afternoon.

24.01.2022 Multitasking - internet/office furniture/carpet laying full steam ahead

23.01.2022 Update- its all starting to gel

21.01.2022 Backyard dreams

18.01.2022 Industry Market Wrap The results of the RP Data-Rismark Home Value Index for December 2011 were released this week. Home values across the combined capital cities fell by -0.2% over the month with Sydney the only market recording positive value growth (0.4%). Over the quarter the rate of decline seems has moderated; values fell by -0.5% compared to falls of -0.8% across the September and June quarters and a -1.5% fall in the March 2011 quarter. On an annual basis, home values... were -3.6% lower than they were at the end of 2010 and all cities recorded a decline in values ranging from -0.3% in Sydney to -6.8% in Brisbane. Over the year, the value decline for units (-1.5%) was significantly lower than that for houses (-3.6%). Private sector lending and credit aggregates for December 2011 were also released by the RBA this week. These figures measure the amount of outstanding credit held by the private sector. Over the month, housing credit increased by just 0.4% with owner occupier and investor credit up 0.4% over the month, other personal credit fell by -0.6% and business credit increased by 0.3%. Over the 2011 calendar year, housing credit increased by 5.3% (the lowest annual rate of growth on record) with owner occupier housing up by just 5.5% and investor housing up 5.0%. The growth in private sector housing credit has shown to correlate very closely with the movement in capital city home values, the historic low levels of private sector housing credit growth have unsurprisingly occurred at the same time home values have fallen by -3.6% over the year.

16.01.2022 The team at Hely & Associates are all settled in to our new office with the last piece of the jigsaw the signage being put up earlier this week. Feel free to visit us at our new address 101/1057 Wynnum Rd Cannon Hill Qld 4170...

16.01.2022 It all starts somewhere....

13.01.2022 The Reserve Bank has kept interest rates on hold today. The move was expected after the Reserve Bank governor, Glenn Stevens, recently indicated he is comfortable with lending rates at the moment. Rates will remain at 4.25 per cent.... "We may well see further cuts this year but the Reserve Bank has decided that this month is not the time to deliver them," says Domain property expert Carolyn Boyd. The move follows back-to-back rate cuts in November and December last year, and a decision to keep rates on hold in February. Each 0.25 per cent drop in interest rates slices about $60 off the monthly interest cost of an average Australian mortgage. After many major lenders lifted their rates out of cycle last month, all eyes will be on the financial institutions to see if they plan to deliver a second round of raisings, says Boyd. The ANZ Bank will announce its move this Friday, the second Friday of the month. In February, lenders waited for the ANZ Bank to announce its decision before following suit. "Time will only tell if the same pattern is to be repeated," says Boyd. See more

13.01.2022 How has the rate of decline in the Aussie housing market measured against the US, UK and NZ? by Tim Lawless on January 27, 2012 in Uncategorized Based on CoreLogics House Price Index (HPI), its been 69 months since the US housing market peaked. Since the national index for single family combined homes reached its high point back in April 2006, US home prices have fallen by 32.8%.... The first three years of US home prices coming down could be characterized as a reasonably steep downwards trajectory. Using a compounding growth rate, between April 2006 and April 2009 the annual rate of decline averaged 11.4% or 30.5% overall. Most of the home value destruction was over and done with in the first three years directly after the market peaked. Home values have come down a further 1.9% year on year (on average) since that time. Note, if you would like a complete run down on the US housing market, you cant go past the Market Pulse report from CoreLogic (Januarys report was released last week). Similarly, in the UK (based on the Halifax Index) the initial period of decline showed the steepest trajectory with home values falling by 10.5% per annum over the first 24 months post peak. Using Property IQs House Price Index for New Zealand we can see a similar trend with the steepest trajectory of decline being recorded across the first 16 months after price peaked (down 9.6% over that period or 7.7% on an average annualized basis). Looking at Australia, while there isnt a long time series of data since the market peaked back in October 2010, values are down 3.8% in total (3.5% on an average annualized basis). The downwards trajectory in Australian dwelling values fits reasonably closely with the US trajectory over the same 13 month time frame (US prices were down 4.4% over the first thirteen months post peak compared with the 3.8% fall in the Australian market). Six months later the US market was recording falls of 1-2% month-on-month as the US banking sector imploded, unemployment and mortgage defaults rose swiftly and the GFC spread around the world. If the November results from the RP Data Rismark Hedonic Index remain consistent (November month on month result was +0.1% s.a.) and we see another flat result for December, it may provide the best indication yet that the Australian housing market is flattening out. The risk of a US style housing meltdown are looking increasingly remote. The key factors to watch will continue to be interest rates and the labour market data. With inflation tracking lower than expected, speculation about further rate cuts is likely to improve market sentiment. In balance, unemployment is ticking upwards and the banks are looking unlikely to pass on any cash rate cuts in full. Overall I think we can expect market conditions to remain reasonably flat over the first six months of 2012 at least.

09.01.2022 We are happy to announce that we are relocating - stay tuned for progress

09.01.2022 Housing costs increase by 4.0% over 2011 calendar year Inflation data released by the ABS last week shows that housing costs for the typical Australian household rose by 4.0% over 2011, driven mostly by large increases in electricity, utilities, water and sewerage prices. Consumer Price Index (CPI) figures released last week showed that over the year, headline inflation was running at 3.1% (3.0% in seasonally adjusted terms). The housing component of CPI increased by a greate...Continue reading

06.01.2022 4 liked to go and we go from community to business :)