Friday, October 30, 2009

Huge week;Reserve Bank again dominating the calendar.

InsideStory subscribers, here is the November CommSec report, a great summary of activity.



Here are a few quotes from the report….





We expect the Reserve Bank to lift the cash rate by 25 basis points (quarter of a percent) on Tuesday. Data over the past month shows continued recovery of the domestic economy….”



The sharemarket bulls may not agree, but the past week has represented a healthy period of consolidation for the market….”





“Overall, there is an expectation amongst financial market participants of a gradual lift in interest rates over the coming year with the 12-month OIS rate at 4.53 per cent….”

Commsec: Investor Signposts (pdf)



Worth a read, brief and to the point.



Regards




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Wednesday, October 28, 2009

Australia looking good in global housing stakes

Dear InsideStory subscriber,



This week we go live on Toop.TV with Tim Lawless of RP Data. In the live to air telephone interview we discuss the report into Australia’s property performance on the International stage. We also look at the relative performance of Units to detached housing, both very interesting reports, and a great interview.

PropertyPulse (pdf)
Units catching up (pdf)


I hope you have been to www.toop.tv to have a look. Be sure to tune in every Wednesday at 1pm to see it live, or subscribe to the podcast available Wednesday night from www.toop.tv.



Enjoy the read,






Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Monday, October 26, 2009

The Great Recovery

Dear InsideStory subscribers,


The latest CommSec report again is so positive. With the rebound of the stock market there is more money injected back into the system and real estate has also shown some extraordinary strength, and resilience. I expect some profit taking will result in more money flowing across into property investments as investors look to the safety of property.

The Great Recovery - CommSec (pdf)



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Friday, October 23, 2009

Latest in auction clearance rates

Dear InsideStory subscribers,



This is hot off the press, the latest in auction clearance rates from around the country. This is a must read as it is definitely a market pulse, and very current.

RPData-Property Pulse (pdf)


Enjoy the read



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Latest thinking on interest rate movement

Today’s CommSec report covers the latest thinking on interest rate movement and some thoughts on inflation. Naturally, these two topics are linked. This report is not specific to property in this report but I thought we would post it for the information relating to interest rate movements.

CommSec Economic Insights (pdf)



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Wednesday, October 21, 2009

Review of coastal properties- statistics.

RP Data report on Coastal Property was widely publicised in the press and covered a review of Coastal property. It is a very good read and I recommend you have a look at this.

RPData-Property Pulse (pdf)

Coastal properties clearly suffered from the Global Financial Crisis and there are compelling statistics in this report.



For more detail on this we are discussing coastal property live on www.toop.TV at 1pm Wednesday 21st October. A podcast will be available on www.toop.tv by the end of the day if you miss it live.




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Sensational article for South Australia

State of the States, what a sensational article for South Australia, and a terrific confidence boost to see this kind of report about South Australia’s economy placing us in second place to Tasmania..

CommSec- State of the States (pdf)

I must say, I am staggered at the level of sales and confidence being shown this spring in the property sector. Sales are strong and we have not had the accumulation of property stocks that I predicted for Spring 09.



The next 2 weeks will be interesting, we did anticipate a massive flood of property onto the market over the last weeks of October and first weeks of November. Not long to wait!




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Thursday, October 15, 2009

Toop.TV arrives!

On the bus, on the train or at the officeƉToop&Toop is now bringing you the latest property news live or on the run thanks to breaking technology. Finding your perfect home whether renting or buying is much easier than “the good ole days” technology applied to real estate is exciting & moving very fast.

After 2 years watching the costs come down & advances in technology we believe the timing is right & that we have worked up the right model. This is an Industry first Toop.TV (officially) went live to air on Wednesday the 14th October at 1pm. Now buyers, sellers & renters have access to the very latest property information plus live access to the property experts with our interactive help desk & show. Toop.TV is 100% produced by Toop&Toop employing all South Australians, using local talent & technology. We promise we will answer even the hard questions. This is an extension of the highly successful InsideStory. Toop.TV will be driven & evolved by your feedback.




The facts. Initially Toop.TV will be broadcast weekly each Wednesday at 1pm. Podcasts will be available shortly after each live show for your convenience & an indexed library will be available at Toop.TV, for future reference. The initial line-up includes InsideStory Live, Behind The Blinds (out & about at opens & auctions), Investors&Renters, Adelaide’s Property A List, a look inside South Australia’s best properties for sale, Community Chest for any Community news & finally AskToopie, our interactive segment.

With coaching from television experts we have attempted to ensure the content is interesting, informative & relevant to consumers. The majority of the show will focus on properties. We will feature properties not previously released to the market, properties currently available & ready for viewing, plus we have an exclusive top end segment showing one or more of Adelaide’s Property A list providing you with a look inside the best of the best homes that South Australia has to offer.

The timing of the live show was determined by you. Our Toop online statistics clearly point to this time. Wednesday at 1pm consistently spikes with the highest online traffic for the entire week.

Be sure to say G-Day to our
Toop.TV reporter Elise who will be out & about today interviewing buyers & renters on current market issues. Have some fun & be a part of our BEHIND THE BLINDS segment.




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Tuesday, October 13, 2009

Rate hikes on the agenda : Commsec Economic Insights

The Latest CommSec report has some implications for property owners with the interesting comments on both employment and also Interest rates.

Spring is looking good so far and be sure you get a look at our Toop.TV tomorrow at 1pm on www.toop.tv.

CommSec- Enconomic Insights (pdf)



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Wednesday, October 07, 2009

RBA press release: rates rise.

Hi InsideStory subscribers, if you haven’t yet seen the RBA press release and details of the interest rate rise of 0.25%, here it is for you.

Regards

Anthony Toop, Managing Director.


http://www.toop.com.au/


© Toop Real Estate Group





MEDIA RELEASE
No: 2009-23Date: 6 October 2009Embargo: For Immediate Release

STATEMENT BY GLENN STEVENS, GOVERNORMONETARY POLICY
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 3.25 per cent, effective 7 October 2009.
The global economy is resuming growth. With economic policy settings likely to remain expansionary for some time, the recovery will likely continue during 2010 and forecasts are being revised higher. The expansion is generally expected to be modest in the major countries, due to the continuing legacy of the financial crisis. Prospects for Australia’s Asian trading partners appear to be noticeably better. Growth in China has been very strong, which is having a significant impact on other economies in the region and on commodity markets. For Australia’s trading partner group, growth in 2010 is likely to be close to trend.
Sentiment in global financial markets has continued to improve. Nonetheless, the state of balance sheets in some major countries remains a potential constraint on their expansion.
Economic conditions in Australia have been stronger than expected and measures of confidence have recovered. Some spending has probably been brought forward by the various policy initiatives. As those effects diminish, these areas of demand may soften somewhat. Some types of capital spending are likely to be held back for a while by financing constraints, but it now appears that private investment will not be as weak as earlier expected. Medium-term prospects for investment appear, moreover, to be strengthening. Higher dwelling activity and public infrastructure spending is also starting to provide more support to spending. Overall, growth through 2010 looks likely to be close to trend.
Unemployment has not risen as far as had been expected. The weaker demand for labour over the past year or so nonetheless has seen a moderation in labour costs. Helped by this and the earlier fall in energy and commodity prices, inflation has been declining, though measures of underlying inflation remained higher than the target on the latest reading. Underlying inflation should continue to moderate in the near term, but now will probably not fall as far as earlier thought.
Housing credit growth has been solid and dwelling prices have risen appreciably over the past six months. Business borrowing has been declining, as companies have sought to reduce leverage in an environment of tighter lending standards. But large firms have had good access to equity capital and access to debt markets appears to be improving, helped by the better-than-expected economic conditions and increased willingness on the part of investors to accept risk. Share markets have recovered significant ground.
Interest rates facing prospective borrowers on fixed-rate loans have already risen to some extent, as markets have anticipated a higher level of the cash rate. For many business borrowers, increases in risk margins will still be occurring for some time yet. In addition, the exchange rate has appreciated considerably over the past year, which will dampen pressure on prices and constrain growth in the tradeables sector. These factors have been carefully considered by the Board.
In late 2008 and early 2009, the cash rate was lowered quickly, to a very low level, in expectation of very weak economic conditions and a recognition that considerable downside risks existed. That basis for such a low interest rate setting has now passed, however. With growth likely to be close to trend over the year ahead, inflation close to target and the risk of serious economic contraction in Australia now having passed, the Board’s view is that it is now prudent to begin gradually lessening the stimulus provided by monetary policy. This will work to increase the sustainability of growth in economic activity and keep inflation consistent with the target over the years ahead.

Enquiries:



Dr Philip Lowe Assistant Governor (Economic) Reserve Bank of AustraliaSYDNEY
Dr Guy Debelle Assistant Governor (Financial Markets) Reserve Bank of AustraliaSYDNEY




Phone:
+61 2 9551 8800
Phone:
+61 2 9551 8200




Media OfficeInformation DepartmentReserve Bank of AustraliaSYDNEY






Phone:
+61 2 9551 9720


Fax:
+61 2 9551 8033


E-mail:
rbainfo@rba.gov.au

Tuesday, October 06, 2009

Interest rates are again the hot topic.

Hi InsideStory subscribers,


More upbeat reporting from CommSec!! I must say that there are some great signs but an immediate turnaround must be treated with caution, but enjoy some more good indicators for now.

Investor Signposts: Week Beginning October 4 2009 by CommSec (pdf)


Regards





Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group