Finware Focus

28 December 2015 - The Government’s Innovation Plan

The Australian government are getting excited about the future, with Prime Minister Malcolm Turnbull announcing a $1.1 billion plan to promote business-based research, development, and innovation. The new plan will attempt to kick-start an "ideas boom" by strengthening ties and communication between the business community and academia. With millions of dollars flowing into the CSIRO, new tax incentives, and changes to insolvency laws, the new Prime Minister is seeking to stimulate growth from the inside-out. 


18 December 2015 - Rates Cut Again

Interest rates have dropped once again in New Zealand, with The Official Cash Rate (OCR) falling by 25 basis points to 2.5 percent. Despite three previous downward moves in the last six months, the latest rate reduction was widely expected by economists. When making the announcement, Reserve Bank Governor Graeme Wheeler mentioned slow global growth and low national inflation despite stimulatory monetary conditions. 


11 December 2015 - Income Needed for Mortgage – City by City

Property prices vary widely across Australia, with homeowners needing to earn six figures in five capital cities just to feel comfortable paying the mortgage. After analysing home loan data across the country, Mortgage Choice has released a report comparing minimum repayment rates in each Australian capital. Unsurprisingly, Sydney is the most expensive place to live, with Hobart the most affordable. In separate data released by the Real Estate Institute of Australia (REIA) and Adelaide Bank, home loan affordability has extended further into "stressful" territory.


4 December 2015 - Auckland Cools While Regions Heat Up

The Auckland property market is taking a much-needed rest, with prices starting to stall in the city despite strong regional growth. While Auckland still enjoyed significant price growth on an annual basis, prices have risen slower than expected over the last month. According to the latest QV House Price Index, Auckland property prices increased by 2.1 percent in November results, compared to a national increase of 1.4 percent. 


27 November 2015 - State vs. State

The latest 'State of the States' report has just been released by the Commonwealth Bank of Australia, with economic conditions analysed and compared across all states and territories. The report included economic indicators related to growth, retail spending, employment, investment, construction, and housing, with New South Wales retaining the top spot and Victoria coming in second. With a bigger gap than ever before between these two states and the rest of the country, Australia's two speed economy looks set to continue.


20 November 2015 - Consumer Confidence Up

Consumer confidence is on the rise in New Zealand, with the ANZ-Roy Morgan consumer confidence index increasing for the second month in a row after reaching a three-year low in August. While consumer sentiment is still below its long-term average, lower mortgage rates and a strong dairy sector have both helped to improve the economic outlook. According to the survey, homeowners are also benefiting from strong property values as the heated Auckland market spills over into regional areas.


13 November 2015 - Interest Rates on Hold – For Now

The Reserve Bank of Australia (RBA) left interest rates on hold in their latest announcement, with the record low of 2 percent set to continue for another month. With the economy continuing to strengthen and the property market just starting to slow down, the RBA were unwilling to move rates below the position they have been at since May. The option for a future rate reduction has definitely been left on the table, however, especially if inflation continues to soften in the lead-up to Christmas.


6 November 2015 - Pressure Release in Auckland

The property market in Auckland may be beginning to level out, with price levels in October starting to plateau after months of new record highs. The average sale price in the city only increased by a marginal 0.5 percent for the month according to Barfoot & Thompson, with median house prices dropping 1.3 percent and auction clearance rates also down. While annual data from Quotable Value seems to contradict this message, its results may not yet reflect recent changes in the Auckland market.

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