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The most important property investment numbers of the week

The most important property investment numbers of the week
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:

flagtitletat

0.8

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.

 

flagtitletat10.75-m

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.

prahran_jan_23_one

flagtitletat5.44

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%.    

 

flagtitletat1.5

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.

 

flagtitletat1.7-MILLION

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]}

 

flagtitletat12.5

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. 

 

flagtitletat1000

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.

 

flagtitletat30-million

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


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