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Q1 2019 Key Market Indicators - National

Feb. 17, 2019, 11:25 p.m.

Q1 2019 Key Market Indicators

The Royal Commission investigation into banking practices, along with changes in political leadership and uncertainties regarding negative gearing, have impacted the Australian Consumer Sentiment index reading to fall just below the positive line at 99.6 points in January 2019. This is a -5.2% decline compared to January 2018, and with 2019 being a state and federal election year, it will be interesting to see how the release of the Federal Budget 2019 and monthly cash rate decisions by the Reserve Bank of Australia (RBA) will impact consumer sentiment throughout the year. The Australian Consumer Price Index sat at a 1.8% change in December 2018, declining from a 1.9% change in September 2019, and still outside the RBA’s target band of 2.0-3.0%. This indicates that the economy is still not performing to its full capacity.

Q1 2019 Key Market Indicators - ACT

Feb. 17, 2019, 11:21 p.m.

Q1 2019 Key Market Indicators – Australian Capital Territory

The Australian Capital Territory (ACT) continues to perform in the PRDnationwide Q1 2019 Key Market Indicator Awards; earning 4 gold, 1 silver, and 1 bronze award nationally. The ACT has once again earned the gold award nationally for the highest home loan affordability index reading, at 50.0 index points in the September quarter of 2018. This is a 4.4% increase within a 12-month period, previously at 47.9% in the June quarter of 2018.

Q1 2019 Key Market Indicators - NSW

Feb. 17, 2019, 11:18 p.m.

Q1 2019 Key Market Indicators – New South Wales

New South Wales (NSW) continued to showcase strong economic fundamentals towards the end of 2018, preparing it for a strong performance in 2019. NSW earned 5 silver awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards for: most improved number of first home buyer loans, highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, and highest median growth in weekly family incomes. NSW also earned bronze awards nationally for lowest unemployment rate and highest nett migration.

Q1 2019 Key Market Indicators - NT

Feb. 17, 2019, 11:15 p.m.

Q1 2019 Key Market Indicators – Northern Territory

The Northern Territory (NT) showed strong economic fundamentals towards the end of 2018, preparing for high performance in 2019. The NT earned 3 silver awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards for: highest home loan affordability index reading, highest growth in dwelling approvals, and highest median weekly family income. The NT also earned 3 bronze awards nationally for: most improved number of first home buyer loans, most improved home loan affordability index growth, and most improved unemployment rate.

Q1 2019 Key Market Indicators - QLD

Feb. 17, 2019, 11:12 p.m.

Q1 2019 Key Market Indicators – Queensland

Queensland (QLD) continues to attract new residents into the sunshine state, with 14,358 people choosing to call it home in the June quarter of 2018. This is a 7.5% increase over the past 12 months, which earned QLD a silver award nationally for the highest nett migration category in the PRDnationwide Q1 2019 Key Market Indicator Awards.

Q1 2019 Key Market Indicators - SA

Feb. 17, 2019, 11:10 p.m.

Q1 2019 Key Market Indicators – South Australia

South Australia (SA) showed steady economic fundamentals in late 2018, which are set to continue in 2019. The unemployment rate in SA was 5.9% in December 2018, which showed no change when compared to the 12 months prior. This is good news, as there has been no loss in the number of people employed and contributing towards the economy.

Q1 2019 Key Market Indicators - TAS

Feb. 17, 2019, 11:06 p.m.

Q1 2019 Key Market Indicators – Tasmania

The number of first home buyer loans approved in Tasmania (TAS) in the September quarter of 2018 was 483 loans, which is a significant 25.1% increase compared to the 12 months prior. This has earned TAS a gold award nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards, for the most improved number of first home buyer loans. This confirms TAS as a haven for first home buyers, as it eclipses the 12-month growth to March quarter 2018 of 6.9%, and the June quarter 2018 of 20.5%.

Q1 2019 Key Market Indicators - VIC

Feb. 17, 2019, 11:02 p.m.

Q1 2019 Key Market Indicators – Victoria

Victoria (VIC) continues to prove itself as “the winning state” as we enter 2019, earning the highest number of gold awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards. VIC earned gold awards nationally for: highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, highest growth in median weekly family income, and highest nett migration.

Q1 2019 Key Market Indicators - WA

Feb. 17, 2019, 10:51 p.m.

Q1 2019 Key Market Indicators – Western Australia

Western Australia (WA) had the highest growth in home loan affordability across Australia, taking out the gold award nationally at the PRDnationwide Q1 2019 Key Economic Indicator Awards. The home loan affordability index grew by 5.3% over the past 12 months (to the September quarter of 2018), sitting at 44.0 index points. This is significantly higher than New South Wales (27.3 index points), Victoria (29.5 index points), and Queensland (35.5 index points), as well as the Australian average of 31.9 index points.

Factsheet 1st Half 2019

Feb. 13, 2019, 6:49 a.m.

Ashmore Research Factsheet 1st Half of 2019

Ashmore* recorded a median house price of $586,500 and $334,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) price softening of -5.4% for houses and -3.5% for units. Compared to the Ashmore* 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) price change of 1.5% (house) and 2.8% (units), properties in Ashmore* has become more affordable. Now is an ideal time for first home buyers to tap into the market and take advantage of a softening market.